Thursday, 26 November 2015
Last updated 7 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.
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…