Diamondback Capital, one of the three hedge funds that the FBI raided Monday, towers above its peers in two categories: scrutiny by the authorities … and making lots of money.
Since its founding five years ago, the Connecticut fund has returned three times what similar hedge funds offer, according to an investor letter obtained Read More
Earlier today, three hedge funds went topsy turvy as FBI agents raided their offices and searched for evidence amid a widespread insider trading probe that implicates some of Wall Street’s biggest names. And although many questions remain unanswered, one thing became much clearer today. If you’re a public-relations person at a fund that’s getting Read More
The Great insider-trading raid of 2010 continues! The Wall Street Journal reports that federal agents have now raided the offices of Loch Captial Management, a Boston-based hedge fund that concentrates on the technology center.
The third firm raided is Loch Capital Management LLC, based in Boston, people familiar with the matter say. Leonard Read More
The massive FBI probe into insider trading reported this weekend is already causing major headaches up in Connecticut. The Wall Street Journal is
mtaylor [at] observer.com | @mbrookstaylor Read More