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Patrick Evershed wins right to pursue New Star

Patrick Evershed has won the right to pursue a claim for compensation at an employment tribunal against New Star Asset Management, according to the Guardian.

Evershed, who left New Star in September 2008, is claiming constructive dismissal under the whistleblower act.

Evershed said he had earlier been told he could not pursue the claim because it had been filed incorrectly and had overrun a time limit.

He has now won an appeal against that decision and could claim up to £1m, according to reports.

Speaking to the Guardian, Evershed said: “I have complained about the way Duffield and his senior people bullied. It is almost the story of how New Star collapsed. Duffield made life impossible for us.”

Evershed now works at Hargreave Hale. He left New Star in September 2008 after six years with the firm. Evershed managed the £60m select opportunities fund since its launch in May 2002.


Website Comments: On whether a Tory Government may change the RDR

If the Conservatives form a Government next year and take a decision to abolish the FSA, a piece of complex legislation will be necessary, accompanied by a major period of regulatory personnel changes. I cannot see that being done by 2012.

Buy to let is becalmed

Lloyds Banking Group is expected to reveal a surge in net buy-to-let lending figures next week as the sector continues to suffer an unhealthy lack of competition.

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In Focus — May 2015: private medical insurance market in Germany

Welcome to the latest edition of In Focus. In this issue, Jelf examines the private medical insurance market for employers with expatriate workforces in Germany. This includes the common challenges faced in sourcing appropriate coverage, along with a selection of available solutions. This will be of particular interest to HR/reward decision makers with employees based in Germany. It will assess the cultural norms, risks and backdrop that are relevant to organisations with expatriate staff in this location.


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