{"id":36945,"date":"2013-07-24T12:30:47","date_gmt":"2013-07-24T16:30:47","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=36945"},"modified":"2013-07-24T12:30:47","modified_gmt":"2013-07-24T16:30:47","slug":"hedge-fund-founder-loses-suit-over-6-million-gift-to-partner","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/07\/2013\/hedge-fund-founder-loses-suit-over-6-million-gift-to-partner.html","title":{"rendered":"Hedge-Fund Founder Loses Suit Over $6 Million Gift to Partner"},"content":{"rendered":"<p>Bloomberg &#8211; One of the founders of Gradient Capital Partners LLP lost a lawsuit seeking to recover a \u201cgift\u201d of about 3.9 million pounds ($6 million) paid to his former partner at the\u00a0London\u00a0hedge fund as losses mounted amid the financial crisis.<\/p>\n<p>Ivor Farman gave the money to the fund\u2019s co-founder Scott Pagel to help him pay a U.S. tax bill in January 2009, according to a U.K. court ruling today. Their relationship had soured the previous year as investors pulled as much as $900 million out of Gradient funds, Judge David Mackie said.<\/p>\n<p><a href=\"http:\/\/www.bloomberg.com\/news\/2013-07-24\/hedge-fund-founder-loses-suit-over-6-million-gift-to-partner.html\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bloomberg &#8211; One of the founders of Gradient Capital Partners LLP lost a lawsuit seeking to recover a \u201cgift\u201d of about 3.9 million pounds ($6 million) paid to his former partner at the\u00a0London\u00a0hedge fund as losses mounted amid the financial [&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-36945","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/36945","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=36945"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/36945\/revisions"}],"predecessor-version":[{"id":36946,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/36945\/revisions\/36946"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=36945"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=36945"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=36945"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}