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Hedge fund trader wins $5.4m bonus battle

hedgeweek

5 months ago

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A London judge has ordered Evolution Capital Management to pay former hedge-fund trader Robert Gagliardi a $5.4m bonus after ruling the firm wrongfully withheld his payout during a US block-trading investigation that ultimately brought no charges, according to a report by Bloomberg.
Gagliardi, who worked at Evolution for just 10 months, argued he generated 97% of the firm’s revenues and was denied compensation after being swept into a high-profile DOJ and SEC probe that also ensnared major Wall...

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