New York Times – A former top executive at hedge fund firm ValueAct Capital is one of seven people charged with trading on inside information in Acxiom.
Ronald Yee, who had been the San Francisco-based hedge fund firm’s chief financial officer until June 2008, was named in a civil suit filed by the Securities and Exchange Commission on Friday, Reuters reported.
The S.E.C. did not identify Mr. Yee’s former employer.
ValueAct, a nine-year-old firm that invests roughly $3.5 billion in undervalued securities, said it has been cooperating with the S.E.C. since the agency began probing Mr. Yee in 2008.
