New York | 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.
Phillips, 52, was arrested in Spain on a request from the US earlier this week, federal prosecutors in New York said on Thursday (Friday AEST) in a statement. Bloomberg News subsequently reported that Kirkoswald Asset Management put on leave several employees who used to work at London-based Glen Point.
