Thursday, 27 November 2014
Last updated 22 hours ago
Mar 1 2013 | 11:36am ET
The Man Group has identified the employee arrested on Wednesday on suspicion of insider trading.
Carl Esprey, a portfolio manager at GLG Partners, was among three men taken into custody for questioning by the Financial Services Authority and then released. He has been suspended.
Esprey has been a portfolio manager at GLG since 2008, two years before it was acquired by Man. His FSA registration became inactive on Wednesday. Prior to joining GLG, he worked at mining company BHP Billiton's corporate finance department.
Esprey, 33, was the youngest man arrested Wednesday. The others have still not been identified, and are 37 and 39 years old.
Man said yesterday that it is cooperating with the FSA investigation and that the probe is into Esprey's actions "as a private individual and not as an employee of Man or GLG."
Nov 4 2014 | 9:45am ET
Data management is important to every business, but for hedge funds, it is critical. FINalternatives recently asked Peter Sanchez, CEO of Northern Trust Hedge Fund Services, how fund managers can deal with the demands of managing data while at the same time remain transparent and abide by operational best practices. Read more…
Reg NMS created a huge bifurcation in equity markets and while much of what has followed has been positive, in terms of lower fees and greater liquidity, many traders would like to see the market come...