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.
Brown intervenes in planned EU-hedge fund directive (Headlines)
European Union finance ministers on Tuesday abandoned efforts to get a compromise deal over the EUâ??s controversial proposals to reform hedge funds and private equity after a last-minute intervention by Gordon Brown, the British prime minister.