Some highlights from Monday’s FTfm.
Backroom dealing exposed
Large asset management groups appear to be routinely co-ordinating internal trades in order to protect funds that are suffering heavy redemptions from being forced to sell stock at fire-sale prices.
Man Group chief under pressure
The odds that Peter Clarke will step down soon as chief executive of Man Group have shortened as reports from insiders suggest that Emmanuel ‘Manny’ Roman is gaining more power at the troubled hedge fund manager. Read more