Fund Manager Resigns ahead of Damning BBC Panorama Investigation

Fund manager Mark Denning has resigned from Capital Group, ahead of the airing of a BBC Panorama investigation into the funds industry

Holly Black 21 October, 2019 | 10:27AM

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Fund manager Mark Denning, who was part of a team running more than £229 billion of assets at Capital Group, has been forced to resigned after allegedly breaking investment rules.

A BBC Panorama investigation – set to air tonight at 8.30pm – will accuse Denning of investing in shares which were also held by the funds he worked on. This is seen as a conflict of interest within fund management as a manager could potentially profit at the expense of his clients - the fund manager could use the significant assets of a fund to push up the share price of a company, benefiting his other investments.

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Holly Black  is Senior Editor, Morningstar.co.uk

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