Lodestone Co-Founder Whyte Among Feb. Insider-Trading Arrests

Mar 15 2013 | 12:42am ET

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.


In Depth

bfinance: Fees Falling Across Asset Classes, Yet Overall Investor Costs Still Climbing

May 16 2017 | 9:53pm ET

Despite unprecedented attention on fees, new research from investment consultancy...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Risk-Based Compliance: Why Oversight Of Outsourcing Is Critical

May 10 2017 | 7:02pm ET

Compliance is notoriously one of the trickiest middle office functions for funds...

 

From the current issue of