Marlin defends renewal of Fisher Funds management contract in face of shareholder revolt

Thu, 25 Oct 2012

By Paul McBeth Oct. 26 (BusinessDesk) - Marlin Global, the listed investment company that buys international stocks, has defended the renewal of its management contract with Fisher Funds, saying there were no grounds to ditch the fund manager ahead of next week's annual meeting where it faces a resolution to cash up its portfolio. The agreement contained specific renewal provisions that had to be adhered to and the independent directors determined it was prudent to "ensure continuity of management," chairman Alistair Ryan said in a statement...

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