Most recently we saw money manager Philippe Jabre, late of GLG Partners and one of the UK's richest citizens announce the creation of Ballena Partners, a new entity for managing his own substantial personal wealth and that of his similarly wealthy clients. Unfortunately, all is not resolved for the man who, before an investigation and conviction by the UK's Financial Services Administration, Europe's hedge fund star. Jabre has defiantly vowed to fight the FSA fines that resulted from his conviction and it appears now that he may also be forced to defend against a potential lifetime ban.

-- MDT

Labels: Financial Services Authority, Philippw Jabre