Lombard Odier Faces Lawsuit from New York Portfolio Managers

Two portfolio managers from Lombard Odier in New York have filed a lawsuit against the Swiss financial firm. Bloomberg posted on X, alleging that the company isolated their ESG private credit fund and deprived it of necessary investment. The managers claim that this action has hindered the fund's growth and performance. The lawsuit highlights tensions within the firm regarding the management and support of ESG-focused financial products. Lombard Odier has yet to comment on the allegations. The case underscores the challenges faced by financial institutions in balancing traditional investment strategies with emerging ESG priorities.