Thursday, 28 August 2014
Last updated 14 hours ago
Jul 29 2011 | 11:22am ET
Nomos Capital boss Mark Lowe may lack for taste, but he's no serial sexual harasser, a London employment tribunal has ruled.
The panel rejected the explosive allegations laid against the hedge fund manager by former Nomos investor relations executive Jordan Wimmer. Wimmer had accused Lowe of forcing her to go to strip clubs, openly using prostitutes, calling her names and using racially insensitive language. But the Central London Employment Tribunal said that Wimmer, who spent six weeks in treatment for depression in 2009, was not "a persuasive witness."
In a sweeping victory for Lowe, who could have been on the hook for £4 million had the judgment gone the other way, the panel rejected just about all of Wimmer's allegations, noting that she failed to lodge any complaints during her four years at Nomos. It did acknowledge that some of Lowe's jokes were "in poor taste."
"Some are sexually explicit, sexist or offensive about Muslims, the Welsh and transsexuals," the panel wrote.
But even there, the panel rapped Wimmer for exaggerating the volume of Lowe's off-color jokes. And it accepted Lowe's argument that his labeling of Wimmer as "decorative" and a "dumb blonde" were "ironic."
Wimmer's lawyer said she may appeal.
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…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...