Neil Phillips, co-founder of Glen Point Capital, has been convicted of manipulating the foreign-exchange market to hit a 'barrier' rate and trigger a $20 million option. Phillips was found guilty of the charges. In another news, a billionaire hedge fund manager reportedly made a profit of about $200 million from his bet against US 30-year Treasury bonds.
The billionaire hedge fund manager made a profit of about $200mn from his high-profile bet against US 30-year Treasury bonds, according to people familiar with the trade https://t.co/8JefHlpaFF https://t.co/0WLKDYcHJw
Hedge fund co-founder Neil Phillips convicted over forex manipulation https://t.co/W2o7yOl52j
Glen Point Capital co-founder Neil Phillips was convicted of manipulating the foreign-exchange market to hit a "barrier" rate and trigger a $20 million option https://t.co/XtDmcKDxAC
GLEN POINT CAPITAL’S NEIL PHILLIPS FOUND GUILTY OF FX FRAUD
*GLEN POINT CAPITAL’S NEIL PHILLIPS FOUND GUILTY OF FX FRAUD