Lessons learnt from the FSA and GLG
legal
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 that senior management will need to shoulder the responsibility for ensuring that this is the case.
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