Man Group Says GLG Partners Employee Arrested by FSA, Suspended
Man Group Plc (EMG) said an employee of its GLG hedge-fund division was arrested by the U.K. Financial Services Authority and London police today.
The FSA has told Man Group the investigation is regarding the person’s “actions as a private individual and not as an employee of Man or GLG,” the hedge-fund company said in an e- mailed statement today. The employee has been suspended, Man Group said, without naming the person.
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