Were the government to award a special medal for audacity, Bank of Valletta would undoubtedly be a front-runner.

While still persisting in its recalcitrance towards agreeing a just compensation to the shareholder victims of the L.V. Multi-Manager Property Fund, a solemn government commitment, BOV’s self-same division, Valletta Fund Management, has now circularised the launching of another ‘Multi-Manager’ Vilhena Global Balanced Fund.

Audacity can sometimes be admirable; obstinacy never.

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