Old Mutual, a South African-based financial services group listed in London, may seek compensation from the two founders of U.S. funds group Pilgrim Baxter over alledged trading abuses, the Financial Times reported. Pilgrim Baxter, now owned by Old Mutual, on Monday said it agreed to pay $100 million to settle the improper trading charges. "We are unhappy about what they did to us," Jim Sutcliffe, Old Mutual’s chief executive, said in an interview. "We have not commenced legal action but we know it is a possibility." Harold Baxter and Gary Pilgrim stayed on to run the fund group after selling it as part of Old Mutual’s purchase of United Asset Management in 2000, the report said.