Hedge fund walls off 2 accused inside traders
Wednesday, October 21, 2009 : PermalinkReuters – New Castle Partners LLC, a hedge fund swept up in the biggest insider-trading scandal in years, said co-founder Mark Kurland has taken a leave of absence and that Danielle Chiesi, a consultant, is no longer associated with the firm.
Kurland and Chiesi were among six people, including Galleon Group founder Raj Rajaratnam, charged on Friday by the U.S. Justice Department and the U.S. Securities and Exchange Commission, accused of reaping more than $20 million by trading on inside information in a dozen companies.
