The row between the Hipgnosis Songs Fund and founder Merck Mercuriadis took another twist today, as the fund’s board says it’s investigating claims Mercuriadis “cherry picked” its best songs for a controversial attempted sale to another vehicle he manages.
Last year, the Hipgnosis fund aimed to sell $465 million worth of hits by artists including Shakira, the Kaiser Chiefs and Nelly to an unlisted fund, run by Mercuriadis' Hipgnosis Songs Management and owned by Blackstone.
