The Financial Conduct Authority has restricted the movement of cash and assets from Odey Asset Management (FRN: 214843) according to an update to the FCA Register published today.

Three fund managers have been jailed for a large-scale fraud which led to losses of $8.45m (£7.03m) which were meant for the people of Libya.

The Financial Conduct Authority has published a Decision Notice set to impose a provisional fine of £40.8m against hedge fund firm BlueCrest Capital Management (UK) LLP for conflict of interest failings.

The Financial Conduct Authority has fined hedge fund chief investment officer Corrado Abbattista £100,000 for market abuse and banned him indefinitely from performing any regulated activity functions.