May

Insider-Trading Case Ensnares Hedge Fund

For hedge funds, information is a valuable currency. A scrap of insight about a coming change in government policy can be as precious as any market data, potentially making the difference between a profit or loss on a trade.

As a result, political intelligence firms have proliferated inside the Beltway. But among the firms that traffic in information between Washington and Wall Street, one political insider’s tips to a New York hedge fund crossed a bright line, the authorities said on Wednesday…

Categories : Hedge Funds

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Insider-Trading Case Ensnares Hedge Fund

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