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SAC analyst recalls Steinberg unfazed after FBI hedge fund raids Bloomberg News

Stanford Advocate – After FBI agents raided hedge funds in November 2010, SAC Capital Advisors fund manager Michael Steinberg expressed confidence he wouldn’t be tied to illegal tips, his former analyst testified.

Jon Horvath, the analyst, told the Manhattan federal jury at the fund manager’s insider-trading trial Tuesday that Steinberg was identified in a newspaper report as the subject of a federal insider-trading investigation tied to John Kinnucan, an expert-networking consultant.

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