Richard Pease sues Henderson in £2.7m pay dispute - report

Claims group in breach of contract

katrina Baugh
clock • 2 min read

High profile fund manager Richard Pease has filed a High Court claim against former employer Henderson Global Investors, which he alleges "failed and refused" to pay him £2.7m of his management fees earned between 2012-2014, according to the Sunday Times.

The paper reported over the weekend that Pease (pictured) is suing Henderson over claims the group breached the terms of his contract by withholding the fees, following his departure in 2015 to launch boutique Crux Asset Management. According to the Sunday Times, the High Court claim reveals Pease was entitled to half the management fees paid by investors for running three vehicles, including his flagship European Special Situations fund. Pease's share totalled almost £14m between 2009 and 2015, according to court papers. The European Special Situations fund returned 90.3% over this p...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Funds

Schroders to adopt Sustainability Focus label for Global Sustainable Value Equity fund

Schroders to adopt Sustainability Focus label for Global Sustainable Value Equity fund

Update to prospectus early next year

Cristian Angeloni
clock 13 November 2024 • 1 min read
FundCalibre adds Regnan Sustainable Water and Waste to 'Elite Rating' suite

FundCalibre adds Regnan Sustainable Water and Waste to 'Elite Rating' suite

Two other funds added to watchlist

Linus Uhlig
clock 13 November 2024 • 2 min read
Baillie Gifford Japanese fund added to Hargreaves Lansdown Wealth Shortlist

Baillie Gifford Japanese fund added to Hargreaves Lansdown Wealth Shortlist

Despite recent underperformance

Linus Uhlig
clock 13 November 2024 • 2 min read
Trustpilot