London | New York | A trader has claimed that he was denied a performance-related bonus by his former employer, Evolution Capital Management, despite making 97 per cent of the hedge fund’s revenue over his 11-month tenure.
Robert Gagliardi, a former Segantii Capital Management employee whose trades came under scrutiny during a wide-reaching US probe into Morgan Stanley, alleges that Evolution acted in bad faith by refusing to pay him a $US7.5 million ($11.4 million) discretionary bonus despite the fact he had generated more than $US60 million for the firm between April 2021 and March 2022.
