Hedge Fund News From HedgeCo.Net

Hedge Fund Co-Founder Faces Jury as FBI Raids Yield Trial

Bloomberg – Almost two years ago, Level Global Investors LP and Diamondback Capital Management LLC were among four hedge funds raided by the Federal Bureau of Investigation as part of a nationwide crackdown on insider trading.

Yesterday, the first of two defendants who worked for those firms the FBI searched went on trial in Manhattan federal court, as the U.S. continues its unprecedented five-year-old investigation of market corruption at hedge funds, technology companies and consulting firms.

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