Lodestone Natural Resources chief investment officer Tim Whyte was among the three men arrested on suspicion of insider-trading last month, along with his colleague Carl Linderum.
Whyte, Linderum and GLG Partners portfolio manager Carl Esprey were taken in for questioning on Feb. 27 and released on bail without charge, pending further investigation, Bloomberg News reports. Esprey and Linderum were previously identified as being among those arrested.
Whyte, like Linderum, is a veteran of Brevan Howard Asset Management and Sofaer Capital. The two men and Ben Belldegrum founded Lodestone, which manages US$100 million, in 2011.
And like Esprey and Linderum, Whyte’s registration with the Financial Services Authority, which arrested him, was changed to inactive.
The FSA has said that the probe into the three men is not related to any of its past insider-trading investigations.