Mercury Dips, And The City Shivers

A Unilever lawsuit shakes up London's fund managers

Merrill Lynch Mercury Asset Management Ltd.'s headquarters offices in the City of London are designed to convey a sense of dignity and respectability. Understated art adorns the walls, and handsome longcase clocks chime the hours. But since Oct. 7, the fund-management company has been dragged into a legal fight by one of its biggest former clients, the $6.6 billion pension fund of British blue-chip company Unilever PLC.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.