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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.

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