Investing
In Hedge Fund Pay Dispute, a Portfolio Manager Denies Misconduct
- Gagliardi accuses ex-employer of power play to deny him bonus
- ECM says it fired him for lying about block-trading probe
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A hedge fund manager involved in a multi-million dollar pay dispute with his former employer, Evolution Capital Management, denied claims by the company that he engaged in misconduct following revelations of a criminal investigation into improper block trading.
Robert Gagliardi, who is based in London, and ECM have been embroiled in a legal fight that led to public disclosures about his involvement in a long-running probe by prosecutors in New York and federal regulators into coordinated buying and selling of big blocks of stock to influence prices.