(Reuters) - Rubicon Fund Management, one of the top-performing hedge fund firms during the credit crisis, is suing two former partners over a rival firm it claims they secretly planned to set up following an acrimonious internal dispute.
Rubicon, based in London's upmarket Mayfair district, has issued legal proceedings against Tim Attias -- a former boyfriend of model Jerry Hall -- and Santiago Alarco, the former managers of Rubicon's Global Fund, claiming they "behaved dishonestly in failing to disclose" plans for a new firm.
It is also suing Catherine Cripps, who recently left her position as fund of funds manager and head of the research team at fund manager GAM, which was until recently a major investor in Rubicon, a claims document showed.
The case, which centres on a new firm called SATA Partners that Attias and Cripps set up in June, highlights the bitter internal disputes that can arise in a secretive industry dominated by star managers, and the vast sums they are often paid.
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