One of the world’s top fund managers has quit following a BBC investigation.
The probe, conducted by BBC One’s Panorama, found evidence that Capital Group’s Mark Denning had been privately buying the same shares he bought for his fund for his personal benefit.
The investigation found that shares were bought on Denning’s instructions through a secretive fund based in Liechtenstein called Morebath Fund Global Opportunities.
The leaked documents show the Morebath fund invested in three firms, a medical research company called Mesoblast, an Indian film company called Eros International and Hummingbird Resources, a UK-listed gold miner.
These stocks were also holdings in funds Denning managed on behalf of Capital Group.
