Wednesday, 25 November 2015
Last updated 30 min ago
Feb 17 2012 | 3:22am ET
British authorities arrested a ninth person in an insider-trading case whose first collars came almost two years ago.
A Legal & General Investment Management employee was arrested this week and questioned at a London police station before being released on bail. The arrest follows seven in early 2010—including employees of hedge funds Moore Capital Management and Aria Capital—and another in April.
The Moore employee arrested was execution trader Julian Rifat.
The Financial Services Authority and U.K. Serious Organized Crime Agency are investigating possible front-running by the suspects.
In addition to arresting the 44-year-old L&G employee, who was not identified, police searched an office and home in London and another home in Kent.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…