Citywire - For Professional Investors

Register to get unlimited access to Citywire’s fund manager database. Registration is free and only takes a minute.

Richard Pease sues Henderson in £2.7m contract row

Richard Pease sues Henderson in £2.7m contract row

Richard Pease is suing his former employer Henderson Global Investors over a £2.7 million (€3.43 million) contract dispute, according to the Sunday Times.

The Citywire A-rated fund manager claims Henderson breached the terms of its contract with him as it ‘failed and refused’ to pay him the £2.7 million between 2012 and 2014, according to the High Court claim seen by the paper.

The court papers reveal Pease - who is being represented by law firm Spring Ferguson - was entitled to the half the management fees paid by investors on the three funds he managed, which is said to have amounted to almost £14 million (€17.7 million) between 2009 and 2015.

Pease, who joined Henderson following its acquisition of New Star, quit the firm in October 2014 set up his investment boutique Crux Asset Management.

As part of the arrangement he was allowed to take his European Special Situations fund, which had £1.2 billion (€1.5 billion) in assets under management at the time, with him to Crux.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Events
  • Citywire DACH 2016

    Citywire DACH 2016

  • Citywire Switzerland 2016

    Citywire Switzerland 2016

  • Citywire Zurich Alt Ucits 2016

    Citywire Zurich Alt Ucits 2016

  • Citywire Zurich Alt Ucits 2016

    Citywire Zurich Alt Ucits 2016

  • Citywire Zurich Alt Ucits 2016

    Citywire Zurich Alt Ucits 2016

  • Citywire Montreux 2016

    Citywire Montreux 2016

  • Citywire Montreux 2016

    Citywire Montreux 2016

  • Citywire Montreux 2016

    Citywire Montreux 2016

  • Citywire Zurich 2016

    Citywire Zurich 2016

  • Citywire Zurich 2016

    Citywire Zurich 2016

  • Citywire Zurich 2016

    Citywire Zurich 2016

  • Citywire Switzerland 2015, Gstaad

    Citywire Switzerland 2015, Gstaad

  • Zurich Forum 2015

    Zurich Forum 2015

  • Zurich Forum 2015

    Zurich Forum 2015

  • Geneva Roundtable 2015

    Geneva Roundtable 2015

  • Geneva Forum 2015

    Geneva Forum 2015

  • Geneva Forum 2015

    Geneva Forum 2015

  • Citywire Gstaad 2014

    Citywire Gstaad 2014