Carl Esprey -33 year old hedge fund portfolio manager arrested in suspicion in insider trading.
Man Group said an employee in its GLG Partners LP division had been arrested by Britain’s financial markets watchdog and police on Wednesday, but gave no name and declined to comment on whether Esprey was involved.
Carl Esprey, a portfolio manager at GLG since 2008.
On Wednesday he became inactive on the register of the Financial Services Authority, which licences operators in the sector.
The FSA said on Wednesday it had arrested three men, aged 33, 37 and 39, on suspicion of insider dealing and market abuse. It did not name the individuals or their employers. The three were released on bail on Wednesday night after questioning. No charges have been brought.
Hedge fund m,anager Man Group said the FSA investigation concerned its employee’s actions as a private individual and that neither Man nor GLG was the subject of investigation. It added the employee had been suspended and was cooperating fully with the FSA.
Carl Esprey has over 10 years’ experience in financial markets and previously worked at mining group BHP Billiton’s corporate finance department in London, according to a GLG statement last year.