Lodestone Hedge Fund Said to Liquidate After Founders’ Arrests

Lodestone Hedge Fund Said to Liquidate After Founders’ Arrests

Simon Dawson/Bloomberg

The headquarters of Man Group Plc, right, is seen in London. immediate comment on the investigation today. GLG’s parent, Man Group Plc, confirmed Feb. 27 that one of its employees had been arrested for “actions as a private individual,” without identifying the trader. Man Group said in a statement that it had suspended the employee and was cooperating with regulators.