Beacon Hill faces civil action case from European investors

European investors have enlisted US lawyers with a view to taking civil action against Beacon Hill Asset Management and related parties involved in the collapse in value of some of the company's hedge funds. Scott Berman, litigation partner at New York lawyers Brown Rudnick Berlack Israels, said some European investors, mainly fund of funds managers invested in Beacon Hill AM's offshore Bristol fund, are to join US investors in any group civil action the attorneys see as possible. Although Berman said that he was just investigating whether an action was feasible at the moment, he war...