Ex-Old Park Capital Exec Denies Duty Breach To Defunct Fund

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By Bonnie Eslinger (September 13, 2021, 2:00 PM BST) — The former chief operating officer of a London-based asset management firm has denied claims in a $6.7 million lawsuit from a defunct futures fund that he approved allegedly unauthorized high-risk investments, saying he was not responsible for investment trading decisions.

The defense filed on Thursday at the High Court by Hugo van Kuffeler, former chief executive officer of Old Park Capital Ltd., states that he was aware of the investments at issue but not involved in the details.

“It is further denied, to the extent alleged, that he should have been so involved,” the defense says.

The claimant — Old Park…