PRESS: UK SFO Examines Barclays Hedge Fund Profits - Times

Fri, 12th Feb 2016 06:38

LONDON (Alliance News) - The UK Serious Fraud Office is looking at the activities of a Barclays PLC hedge fund, The Times reported on Friday, after allegations that it profited from using confidential information profit on Libor "low-balling" during the financial crisis of 2008-09.

The report said the fraud investigators are looking at the Cayman-registered Ricardo Master Fund as part of a broader investigation into Libor rigging.

Both the SFO and Barclays declined to comment to The Times.

http://www.thetimes.co.uk/tto/business/industries/banking/article4688825.ece

By Samuel Agini; samagini@alliancenews.com; @samuelagini

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