Introduction
Regulators on both sides of the Atlantic are becoming increasingly vocal on the issue of insider trading by hedge funds. Both the UK Financial Services Authority (FSA) and the US Securities and Exchange Commission have prosecuted offending firms, with the FSA dishing out its highest-ever fine earlier this year to GLG Partners and its former director Philippe Jabre for market abuse. Both regulators say they will be increasingly proactive in stamping the practice out.
This has left hedge funds with
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