Asset Management

FCA market abuse report puts fund managers back in firing line

Regulator highlights a string of concerns about insider dealing, improper disclosure and market manipulation

FCA's offices in Canary Wharf
FCA's offices in Canary Wharf

The Financial Conduct Authority has published a litany of concerns with regards to fund managers and their approach to insider dealing, improper disclosure and market manipulation.

The report - which looked at 19 asset managers, including long-only firms, hedge fund managers and an occupational pension scheme - stated that firms should "pay more attention" to the risk of receiving inside information.

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