Tuesday, 26 May 2015
Last updated 38 sec 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.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…