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GLG to blame Jabre in regulatory appeal

GLG Partners, a UK hedge fund manager, will appeal against a €1.2m ($1.6m) fine levied by France's Autorité des Marchés Financiers, blaming the third regulatory decision it has faced this year on its former partner Philippe Jabre.

A spokesman for GLG said: "GLG notes the AMF's decision and confirms it will be appealing."

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