Harvard, the US university, and Barry Olliff, a former London stockbroker based in the US, are trying to remove Deutsche Investment Management Americas as manager of the near-$1bn (€820m) Korea Fund, in which the college owns a stake. The German-owned money manager has run the closed-end fund since it started 20 years ago.
The row has become increasingly bitter in the run-up to a shareholder vote in New York on Wednesday. They will consider two minority proposals put forward by the rebel investors â to remove Deutsche and elect two directors in opposition to the candidates proposed by the board of Korea Fund, which wants to retain Deutsche as manager.
