Friday, 24 October 2014
Last updated 2 hours 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.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...