{"id":23544,"date":"2011-07-15T07:46:46","date_gmt":"2011-07-15T11:46:46","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=23544"},"modified":"2011-07-15T07:46:46","modified_gmt":"2011-07-15T11:46:46","slug":"fc-faces-14m-bill-for-felled-hedge-fund-business","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/07\/2011\/fc-faces-14m-bill-for-felled-hedge-fund-business.html","title":{"rendered":"F&#038;C faces \u00a314m bill for felled hedge fund business"},"content":{"rendered":"<div>\n<p>Telegraph &#8211; The London-listed investment house lost a High Court battle to stop the hedge fund managers triggering a legal agreement to be bought out. F&amp;C now faces a total bill, including legal fees, of around \u00a314m &#8211; far higher than the \u00a32.4m the group has set aside for the case.<\/p>\n<\/div>\n<div>\n<p>F&amp;C, which is Britain&#8217;s fourth biggest fund manager, was the majority owner of a fund of hedge funds group called F&amp;C Partners. The smaller half &#8211; with a 40pc stake &#8211; was owned by the managers Francois Barthelemy and Anthony Culligan. During the financial crisis on 2008, the group suffered significant outflows, along with many other smaller players in the industry.<\/p>\n<p><a href=\"http:\/\/www.telegraph.co.uk\/finance\/newsbysector\/banksandfinance\/8638488\/FandC-faces-14m-bill-for-felled-hedge-fund-business.html\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n<\/div>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Telegraph &#8211; The London-listed investment house lost a High Court battle to stop the hedge fund managers triggering a legal agreement to be bought out. F&amp;C now faces a total bill, including legal fees, of around \u00a314m &#8211; far higher [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-23544","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/23544","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=23544"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/23544\/revisions"}],"predecessor-version":[{"id":23545,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/23544\/revisions\/23545"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=23544"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=23544"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=23544"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}