A former Barclays Plc trader who was fired by the bank for sending inappropriate emails about Libor “has cooperated” with the federal criminal probe into the alleged rigging of international benchmark interest rates, according to the New York hedge fund that currently employs the trader.

The hedge fund, WCG Management, sent an email to its investors on Sunday informing them that the $3.4 billion fund is not under investigation in the Libor probe, but confirmed that portfolio manager Ryan Reich has drawn scrutiny from U.S. prosecutors.

WCG said in the email, a copy of which was read to Reuters by a person who received it, that the fund had talked to Reich’s attorney, and the lawyer said his client had “cooperated” with federal prosecutors.

Source: Reuters