Asset Manager Sues Ex-Partner Over Mutual Fund Data Deal

Law360, London (January 10, 2020, 4:22 PM GMT) -- A former executive at Investec Asset Management sued a software company he worked with to market his system for managing mutual fund data, saying he is owed hundreds of thousands of pounds after his business partner terminated their deal.

London-based Consulting AM Ltd. claims in its High Court suit that its director, Peter Ainsworth, hired software designers Atlas Computer Systems to build his mutual fund database system while he worked for the Investec subsidiary.

Ainsworth contacted Atlas shortly before leaving Investec in 2008, and suggested “that the system which had been built to his specifications whilst he was at Investec Asset Management could be commercialised as...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS