Gartmore shares hit by FSA investigation (Fund News)
The shares in Gartmore have fallen more than 10 per cent over the past week amid speculation about links between Roger Guy, a Gartmore fund manager and Clive Roberts, head of equities at Exane BNP Paribas.
Moore Capital is the latest major hedge fund to be associated with allegations of insider trading. British regulators raided the $14bn hedge fund's London offices Tuesday and arrested Julian Rifat, one of its traders, along with Clive Roberts of Exane and an unnamed worker at Deutsche Bank, in what they are calling a massive insider trading scheme.