Lessons learnt from the FSA and GLG
In August, the UK Financial Services Authority fined Philippe Jabre and his then-employer GLG Partners LP, £750,000 each for market abuse. Ian Mason and Lucy Frew of lawyers Barlow, Lyde & Gilbert discuss what hedge funds should do to avoid any similar problems
An issue of real importance for hedge funds is how they can best tackle the problems of market abuse and insider trading, especially given the recent Financial Services Authority (FSA) findings against Philippe Jabre and GLG Partners LP.
The clear message to hedge funds from the FSA is that they should have robust systems and controls in place to guard against market abuse and insider dealing, and
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