Top hedge fund Rubicon sues former managers

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.

Rubicon claims that the three managers "conspired and combined together to set up a new entity" that would compete with Rubicon, breaching agreements signed by the firm's partners.