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Govett dissident fund manager resigns after appeal fails

Govett Investments fund manager Rupert Walker has resigned after not being returned to his old job after appealing his dismissal.

Walker was sacked for gross misconduct following his public criticisms of split capital investment trusts and the level of cross holdings between them

In an internal appeal of the dismissal, Govett upheld the decision but accepted it had been too severe as Walker’s "genuinely held views were not expressed with malicious intent against the company". He was offered alternative employment but was not reinstated as a bond manager.

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