Bloomberg – The former chief investment officer of ACPI Investments Ltd.’s fund-of-hedge-funds business sued the firm for underpaying his bonus and claimed he was bullied by management.
Stephen Greene, who joined ACPI’s predecessor in early 2008 as a partner, said in the suit filed in a London court this month that he was “bullied, harassed and threatened.”
“There was a ‘culture of aggression’ within the defendant in which partners shouted, swore and bullied staff on a regular basis,” Greene said in the suit. The company said the claims are based on “fallacy.”
ACPI, which is based in London and says it manages more than $2.75 billion, was formed last year by the merger of ACP Partners LLP and TriAlpha Investment Advisors Ltd. Former Goldman Sachs Group Inc. partner Alok Oberoi helped found ACP in 2001 with a former Goldman colleague. Brett Lankester, the former head of Goldman’s U.K. private client business, joined ACP in 2007 and is now co-CEO of ACPI with Oberoi.
