F&C rejects hedge manager's bullying claims - report

F&C Asset Management has rejected accusations of bullying in a high court battle over a hedge fund joint venture hit hard during the credit crisis.

The group has gone to court after hedge fund managers Francois Barthelemy and Anthony Culligan tried to force the FTSE 250-listed firm to buy them out of a limited liability partnership (LLP) set up before the credit crisis, Reuters reports. "It's very clear in my mind that F&C have tried to bully me," said Barthelemy, under questioning by an F&C lawyer. An F&C spokesman responded: "This is a baseless assertion with no factual evidence to support it." "Attempting mediation is simply best practice and a route encouraged by the courts," the spokesman said, referring to attempts to se...