Hedge Fund News From HedgeCo.Net


SAC Fund Manager Wants Jury to Hear Kinnucan Discussion

Bloomberg – A lawyer for SAC Capital Advisors LP fund manager Michael Steinberg said an excerpt of a secret recording that he says depicts the money manager as wary of inside information should be heard by a jury to demonstrate his innocent mindset.

In a recorded November 2010 phone call, Steinberg’s analyst, Jon Horvath, tells a co-conspirator at another fund about a conversation he heard between Steinberg and an expert-networking consultant, John Kinnucan. The recording was made the same day the FBI conducted raids of hedge funds in New York and Boston as part of a U.S. insider-trading probe.

Read Complete Article

Related Posts Plugin for WordPress, Blogger...
This entry was posted in Syndicated. Bookmark the permalink.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>