Tuesday, 26 May 2015
Last updated 1 hour ago
Nov 8 2011 | 9:57am ET
The New Star Asset Management bullying trial opened yesterday in London with a lawyer for former New Star manager Patrick Evershed accusing the hedge fund's founder, John Duffield, of creating "an atmosphere of intimidation and humiliation."
Evershed sued New Star, which was acquired by Henderson Global Investors in 2009, three years ago, accusing Duffield of "humiliating conduct." He had complained to New Star's human resources department, but was suspended for it, he alleged.
Duffield "Called the fund managers morons and criminals" and created "a very unpleasant environment," Evershed's lawyer, Daphne Romney, said on the first day of the 10-day trial at a London employment tribunal.
Evershed, who now works at Hargreave Hale, has accused New Star of unfair dismissal. He has also filed a whistleblowing claim, aiming to increase his potential payout; most unfair dismissal claims are capped at £65,000.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…