Star Trader at Brit Hedge Fund Getting Probed (Ouch!)

Philippe Jabre, GLG’s convert arb hot shot whose strong run of 20%-plus returns in the late 1990s put his firm on the map, is under investigation by European regulators for a series of “premarketing” trades involving Sumitomo, Vivendi and Alcatel. The 45-year-old manager of the $1.85 billion GLG Market Neutral Fund isn’t enjoying the spotlight: “All these things, whether they are true or false, they are private,” he said in a telephone interview, according to the Wall Street Journal. British, French and Spanish regulators have all taken an interest.
GLG Probed on Star Trader [Wall Street Journal]

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