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Tower retains Morgan Grenfell
Tuesday 14th of July 1998
Tower Trust Services has decided to retain Morgan Grenfell as its international equity manager despite the manager being caught up in a United Kingdom funds management scandal last year.UK authorities froze three of Morgan Grenfell's funds after it was revealed there had been trading irregularities. Tower's Spotlight Europe Fund directly invested into one of those funds, the MG European Growt...
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