Bloomberg – Ex-Goldman Sachs Group Inc. (GS) partner Vishal Gupta’s investment firm said UBS Group AG should pay as much as $167 million over a disputed hedge fund venture.
Decura IM Investments LLP said it wasn’t told about a plan to shrink UBS’s investment bank before agreeing to the partnership, according to its court documents from the first day of a London trial. Gupta’s firm is trying to recover everything it spent on setting up the venture, including the cost of hiring employees and the financial impact on them.
