Neil Phillips, 52, was arrested in Spain on a request from the US earlier this week, federal prosecutors in New York said Thursday in a. He was charged with conspiring to manipulate the US dollar-South African rand exchange rate in late 2017, according to the statement.
Glen Point was set to be acquired in December by Edward Eisler’s Eisler Capital, but the deal fell apart in February because of a disagreement on the level of risk Glen Point’s fund could take. The two London-based firms started in 2015 and trace their roots back to macro trading. Eisler has been expanding into other strategies in a bid to compete with industry giants such as Millennium Management and Citadel for capital and talent.
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