LONDON, Oct 3 (Reuters) – Man Group (EMG.L: Quote, Profile, Research) said on Monday it had cooperated with the receiver of a collapsed U.S. hedge fund firm and that it was surprised by his motion for the London-listed financial company to be held in contempt of court.
Man’s brokerage unit, Man Financial, was broker to one of the funds of Philadelphia Alternative Asset Management. The U.S. Commodities Futures Trading Commission in June filed a lawsuit alleging fraud against Paul Eustace, founder of the U.S. firm.
Clark Hodgson, appointed to recover money for investors in the firm’s funds, filed a motion last week alleging that the British company had hindered the investigation by refusing to turn over relevant documents.
