Financial trading group XTX Markets has issued a lawsuit against Aviva Investors and Legal & General Investment Management over allegations they refused to allow the group to invest in their funds due to its Russian owner.
XTX is majority-owned by Russia-born billionaire Alexander Gerko, who became a British citizen in 2016 and has since renounced his Russian citizenship. Gerko has lived and worked in the UK since 2006 and was the UK's biggest taxpayer last year. He has publicly criticised the Russian invasion of Ukraine. Liontrust set to merge China fund into EM portfolio as assets shrink XTX attempted to invest in Aviva Investors' and LGIM's money market funds last year but was refused, with the firm claiming LGIM told it the investment house was taking an "extremely cautious approach" to sanct...
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