Support grows for Rothschild takeover plan

Michael Bow
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STAR fund manager John Duffield has joined the growing ranks of Bumi shareholders backing Nat Rothschild’s bid to take control of the company.

Duffield, who founded Jupiter Fund Management before setting up defunct investment house New Star Asset Management, is understood to have thrown his weight behind Rothschild’s plan to overhaul the mining company’s board, Sky said last night. Rothschild wants to oust 12 of the 14 directors of Bumi after he quit the firm last year following tensions with the Bakrie family.