Fund manager pursues New Star bullying claim; Madoff wife sued - papers

clock •

A fund manager who claimed bullying was rife at his former employer New Star Asset Management, founded by City veteran John Duffield, has won the right to pursue a claim for compensation at an employment tribunal, the Guardian writes.

Patrick Evershed, 67, who was a close confidant of Duffield and one of the firm's star performers, is claiming constructive dismissal under the whistleblower act. He left New Star in September 2008 amid reports his relationship with Duffield had soured. The firm has since been bought by Henderson Global Investors for £115m, after running up heavy debts. Evershed said he had earlier been told he could not pursue the claim because it had been filed incorrectly, and had overrun a time limit. Today he won an appeal against that decision. It is now reported he could claim up to £1m. "I ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

PFS Festival of Financial Planning to focus on member stories and Next Gen

PFS Festival of Financial Planning to focus on member stories and Next Gen

PFS approaching festival in a ‘more young and vibrant way’

Sophia Panayi
clock 19 October 2026 • 3 min read
One in four UK adults would invest up to £50,000 without professional advice

One in four UK adults would invest up to £50,000 without professional advice

Research from Mattioli Woods

Sophia Panayi
clock 19 October 2026 • 2 min read
News editor's view: Four big stories and a few hard truths

News editor's view: Four big stories and a few hard truths

The news editor's Friday Night Takeaway from 16 October

Isabel Baxter
clock 16 October 2026 • 2 min read