Earlier this year Philippe Jabre, former super-star trader for GLG Partners, Europe's third largest hedge fund was facing the results of a two-year investigation into alleged insider trading activities and a potential ban by the FSA. Jabre was ultimately convicted of market abuse by the FSA (and is appealing the decision) but did avoid a variety of more serious charges. Since then Jabre and GLG have officially parted ways, but plans are in the works for Jabre to re-enter the trading world with the launch of Ballena Capital. While the FSA conviction prevents Jabre from managing client money, he can manage his own.

Which is substantial in quantity...

More on Jabre's moves, here.

-- MDT

Labels: Financial Services Authority, insider trading, Philippw Jabre