London-based hedge fund manager Alan Miller may have changed the face of divorce settlements in the ...
London-based hedge fund manager Alan Miller may have changed the face of divorce settlements in the UK after he was told by the Court of Appeal to pay his ex-wife a £5m settlement even though they were married for less than five years and do not have children.
Miller manages the New Star Hedge fund and formerly ran the New Star UK Growth fund, but was replaced by Stephen Whittaker after a period of underperformance.
Roger Bamber, partner at Mills and Reeve, said the court refused to overturn the High Court decision in April, saying a decisive factor had been that Mrs Miller was given a "legitimate entitlement to a long-term future on a higher plane of affluence than she had enjoyed prior to marriage".
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