NZ Shareholders Association questions rubber stamp for Marlin manager, will back wind-up

Wed, 31 Oct 2012

By Paul McBeth Oct. 31 (BusinessDesk) - The New Zealand Shareholders Association, which advocates for retail investors, is questioning Marlin Global's decision to roll over a management contract with Fisher Funds and will back a resolution to wind-up the investment company at tomorrow's annual meeting. Chairman John Hawkins said the NZSA's legal advice indicates nothing in the management contract stopped Marlin's board from getting an outside appraisal of Fisher Funds' performance when it came up for renewal and that option should have been...

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