Friday, 26 December 2014
Last updated 1 day ago
Feb 28 2013 | 11:15am ET
A GLG Partners analyst was among three hedge fund employees arrested on suspicion of insider-trading yesterday.
Man, which owns GLG, said that one of its employees was among those brought in for questioning yesterday. It did not identify the employee, who has been suspended.
Man said that the Financial Services Authority has assured it that the arrest stemmed from the employee's actions "as a private individual and not as an employee of Man or GLG." It added that it was cooperating with the investigation.
The three men, all in the 30s, were arrested yesterday morning and released last night. No charges have yet been filed.
The FSA did not say much about the arrests, other than that they were not linked with any previously-announced insider-trading investigation. The regulator and London police executed six search warrants on homes and offices in the London area.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.