The fund management industry has been avidly following every twist and turn of the Patrick Evershed versus New Star fight over recent weeks.
Now, Evershed and New Star have agreed a confidential settlement, bringing to an end the former fund manager's claim for unfair dismissal. 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 satisfied with the terms of the agreement and have agr...
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