Fund Manager Sues Finance Firm For $9.2M Over Fees

Law360, London (June 3, 2021, 3:49 PM BST) -- London-based investment firm Covalis Capital LLP is suing a Brazilian financial company for $9.2 million for allegedly failing to pay two performance fees and stealing confidential investment strategies.

Covalis told the High Court in an April 16 claim, which has now been made public, that Banco BTG Pactual SA owes it at least $9.2 million for two unpaid performance fees tied to a contract under which the U.K. company agreed to operate a fund for the Brazilian firm.

The contract specified that Covalis would be paid a performance fee of up to 15% of what the fund earned. Banco BTG paid the...

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

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!