{"id":34675,"date":"2013-04-02T09:21:50","date_gmt":"2013-04-02T13:21:50","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=34675"},"modified":"2013-04-03T11:42:23","modified_gmt":"2013-04-03T15:42:23","slug":"hedge-fund-fraud-man-employee-aressted","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/04\/2013\/hedge-fund-fraud-man-employee-aressted.html","title":{"rendered":"Hedge Fund Fraud: Man Employee Arrested"},"content":{"rendered":"<p><a href=\"http:\/\/www.hedgeco.net\/news\/wp-content\/uploads\/2013\/04\/white-collar-arrest.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-34683 alignright\" alt=\".\" src=\"http:\/\/www.hedgeco.net\/news\/wp-content\/uploads\/2013\/04\/white-collar-arrest.jpg\" width=\"175\" height=\"263\" srcset=\"https:\/\/hedgeco.net\/news\/wp-content\/uploads\/2013\/04\/white-collar-arrest.jpg 250w, https:\/\/hedgeco.net\/news\/wp-content\/uploads\/2013\/04\/white-collar-arrest-200x300.jpg 200w\" sizes=\"auto, (max-width: 175px) 100vw, 175px\" \/><\/a>New York (HedgeCo.Net) &#8211; An unidentified employee in\u00a0hedge fund giant Man Group&#8217;s\u00a0GLG division was arrested on suspicion of insider trading.\u00a0The UK Financial Services Authority (FSA) announced the arrest of three fund management employees in London.<\/p>\n<p>&#8220;The investigation concerned the employee&#8217;s actions as a private individual, and not as an employee, and that neither Man nor GLG was the subject of investigation.&#8221; Man said. It added the employee had been suspended and it was cooperating fully with the FSA. Reuters reports.<\/p>\n<p>&#8220;Business conditions remain very tough, particularly with regard to (client) flows,&#8221; the\u00a0new chief executive Manny Roman\u00a0said in an in an interview with Reuters.<\/p>\n<p>Man Group also announced in its annual report that it plans to cap future cash bonuses for its senior executives. Man&#8217;s shares have fallen by two-thirds since the start of 2011.<\/p>\n<p>Alex Akesson<br \/>\nEditor for <a title=\"hedge funds\" href=\"http:\/\/www.hedgeco.net\">HedgeCo.net<\/a><br \/>\n<a href=\"mailto:alex@hedgeco.net\">alex@hedgeco.net<\/a><br \/>\n<a title=\"hedge fund\" href=\"http:\/\/www.hedgeco.net\">HedgeCo.Net<\/a> is a premier <a title=\"hedge fund database\" href=\"http:\/\/www.hedgeco.net\">hedge fund database<\/a> and community for qualified and accredited investors only. Membership in <a title=\"hedge fund\" href=\"http:\/\/www.hedgeco.net\">HedgeCo.net<\/a> is FREE and EASY. We also offer FREE LISTINGS for <a title=\"hedge fund\" href=\"http:\/\/www.hedgeco.net\">Hedge Funds<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New York (HedgeCo.Net) &#8211; An unidentified employee in\u00a0hedge fund giant Man Group&#8217;s\u00a0GLG division was arrested on suspicion of insider trading.\u00a0The UK Financial Services Authority (FSA) announced the arrest of three fund management employees in London. &#8220;The investigation concerned the employee&#8217;s [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11,3],"tags":[],"class_list":["post-34675","post","type-post","status-publish","format-standard","hentry","category-hedge-fund-fraud","category-hedgeco-news"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/34675","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=34675"}],"version-history":[{"count":12,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/34675\/revisions"}],"predecessor-version":[{"id":34741,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/34675\/revisions\/34741"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=34675"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=34675"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=34675"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}