Star hedge fund trader Philippe Jabre is preparing to go on a leave of absence from GLG Partners in order to fight off a regulatory inquiry by the Financial Services Authority.
For months Mr Jabre has been investigated by the City watchdog, and a regulatory source said yesterday he “will now be focusing full time on dealing with his legal issues”.
Mr Jabre is both a partner and trader at GLG Partners, one of the largest hedge fund groups in Europe, with more than $11billion (£6.3billion) under management.
