The tribunal panel said it accepted that in relation to this case, no relationship came from the approaches by Dr Majeed.

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Villagran and Bianco have also been unable to provide CNN with any written contract that sets forth a relationship with Yacob in relation to the transfer to support their claim for compensation.

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Javier Gil-Bazo and Pablo Ruiz-Verdu studied the relationship between mutual fund performance, management fees, commissions and flow of funds in The Relation between Price and Performance in the Mutual Fund Industry.

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