A former Barclays Plc
trader who was fired by the bank for sending inappropriate emails about Libor
"has cooperated" with the federal criminal probe into the alleged
rigging of international benchmark interest rates, according to the New York
hedge fund that currently employs the trader, Reuters tells us.
The hedge fund, WCG Management, sent an email to its
investors on Sunday informing them that the $3.4 billion fund is not under
investigation in the Libor probe, but confirmed that portfolio manager Ryan
Reich has drawn scrutiny from U.S. prosecutors….
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