This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies. Find out more here.
X
MM+cover+small+180914
Categories:Investments

New Star and Evershed settle out of court

  • Print
  • Comments (1)

Patrick Evershed, former fund manager at New Star, has reached a settlement with the asset manager over claims he was bullied.

Evershed had been seeking more than £1m in compensation from his former employer, claiming he was bullied by the firm’s founder John Duffield.

The parties said in a statement: “New Star Asset Management holdings (now owned by Henderson Group plc) and Patrick Evershed have reached an agreement which resolves the employment tribunal proceedings without admission of liability.

“Both parties are satisifed with the terms of the agreement and have agreed to keep them confidential. No further comment will be made.”

  • Print
  • Comments (1)

Daily Email Updates
If you enjoyed this article, sign up to receive the latest news and analysis from Money Marketing.

The Money Marketing CPD Centre
Build your annual CPD - you can log and plan your CPD hours for free with The Money Marketing CPD Centre.

Taxbriefs Advantage
Advantage is a digital reference source giving unbiased, independent, answers to your technical queries. Subscribe to Taxbriefs Advantage.

Readers' comments (1)

  • Good to see that someone got something worthwhile out of the New Star debacle which is more than can be said for the poor clients who were badly advised to invest in the lemon fund by IFA's !

    Unsuitable or offensive? Report this comment

Have your sayEdit my profile/screen name

You must sign in to make a comment

Fund Data

Editor's Pick



Poll

Is Labour right to be concerned about the unintended consequences of the Budget pension reforms?

Job of the week

Latest jobs

View all jobs

Most recent comments

View more comments