JPMorgan Asset Management was rapped on the knuckles by Irish regulators on Wednesday for failing to declare trades during the contested bid for Dragon Oil by Dubai’s national oil company last year.
The investment manager, which held more than 1 per cent of the London and Dublin-listed oil explorer when Emirates National Oil Company made its approach in June, dealt in the company’s shares on 113 different occasions without declaring the trades, the Irish takeover panel said in a statement.
