Culture clash sees Morrison leave IIU

Ex-Tiger man David Morrison has left IIU Capital and management of The Macro Fund just a few months after its successful start.

The fund was launched on 1 October 2001 with $175m under management, largely raised on the back of Morrison's pedigree as general partner of Goldman Sachs, chairman of Tiger Management Europe and 27 years of experience in international fund management.

Dublin-based IIU Capital ' effectively a family office for Dermot Desmond ' who brought Morrison in to establish the

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