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Broker Demands Intro Fees From UK Fund Manager

Law360, London (March 11, 2019, 4:54 PM GMT) -- A British Virgin Island's investment broker has repeated accusations that a U.K. fund stiffed it on commission fees owed for introducing two clients investing in tens of millions of pounds in securities, telling a London judge recently that the commissions dried up after the fund got a new manager. 

Musst Holdings Ltd. has told the High Court in London that Astra Asset Management LLP's U.K. subsidiary stopped paying fees laid out in a revenue-sharing agreement the fund manager allegedly inherited from its predecessor, another fund manager known as Octave. 

The British Virgin Island's company on March 1 pushed back against Astra's assertion...

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