U.S. hedge funds and mutual funds get subpoenas

Reuters – Hedge fund SAC Capital Advisors and mutual fund firm Janus Capital said on Tuesday they were among money managers asked to provide documents to U.S. securities regulators as part of a widening probe by federal authorities into insider trading on Wall Street.

SAC, the $12 billion (8 billion pound) Greenwich, Connecticut, firm run by Steven A. Cohen, told investors in a letter on Tuesday that it and many other firms had received the requests for information from the Securities and Exchange Commission. A spokesman for the firm declined to comment.

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