Saturday, 25 October 2014
Last updated 18 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."
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…
David and James Hamman launched their fundamental Livestock and Grains Program in March of 2010 but it really was decades in the making.