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.

To contact the editor responsible for this story: Keith Campbell at k.campbell@bloomberg.net