Wednesday, 3 September 2014
Last updated 13 hours ago
Aug 12 2010 | 11:39am ET
F&C Asset Management denied trying to bully a pair of hedge fund managers with whom they set up a joint venture as it tries to avoid paying the men as much as £40 million.
The London-based money manager and former partners François Barthelemy and Anthony Culligan have sued each other, with the former trying to prevent the two from exercising put options that would force F&C to buy out their 40% stake in F&C Partners. Barthelemy and Culligan allege that F&C deliberately undermined the hedge fund joint-venture to avoid buying them out.
On the stand this week, Barthelemy said that “it’s very clear in my mind F&C have tried to bully me,” telling a London court that F&C’s cuts at the joint venture were designed to kill the project without consulting either himself or Culligan.
F&C rejected Bathelemy’s bullying allegation.
“This is a baseless assertion with no factual evidence to support it,” a spokesman told Reuters.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
The twin debacles of MF Global and PFG have damaged the reputation of the futures industry demanding an examination of customer protection rules. New rules are being implemented, which will add cost a...