The arrest of Glen Point Capital co-founder Neil Phillips for alleged foreign-exchange market manipulation threatened to ripple across the hedge fund industry as another firm suspended staffers who previously worked with him.
The arrest of Glen Point Capital co-founder Neil Phillips for alleged foreign-exchange market manipulation threatened to ripple throughout the hedge fund
Japanese investment bank Nomura pushed through hundreds of millions of dollars of trades for hedge fund Glen Point Capital that are now at the centre of US criminal charges against its co-founder Neil Phillips, according to people familiar with the matter.