Wednesday, 1 October 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.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
High frequency trading is not evil, it is not a conspiracy and it really is not new; it is the natural evolution of the professional trading community making markets, providing liquidity and hopefully...