MMC Capital could be axed by its parent Marsh &McLennan in an attempt to purge the company of a possible conflict of interest, reports said today.
The Trident funds invested in by MMC Capital are currently being examined in the US by the Securities and Exchange Commission (SEC). Marsh & McLennan directors are alleged to have invested in the fund and inappropriately benefited on its returns.
The funds, which have previously been disclosed by Marsh &McLennan investors, have helped to raise $3bn, reports said today.
