FBI RAIDS A THIRD HEDGE FUND
The huge insider trading investigation just ensnared the hedge funds Diamondback, Global Level — and now Loch Capital in its vast web, says the Wall Street Journal.
The story isn’t available to the public yet, but apparently, the fund, which was tied to the Galleon charges earlier this year, was among the firms raided this morning.
Read more: http://www.businessinsider.com/loch-capital-fbi-raids-a-third-hedge-fund-2010-11#ixzz162T2WVch
And
Here Are The Biggest Holdings Of Just-Raided Diamondback Capital
Two Connecticut hedge funds were just raided by the FBI in connection with the huge insider trading investigation that is currently underway. Both funds raided are run by former SAC traders.
DiamondBack is one of them. The fund is heavily invested in mining and resource companies, as well as financial institutions.
The fund was also holding HGSI (~$13 in shares), the company at the center of the FrontPoint scandal.
The firm’s latest 13f-HR shows the firm’s top holdings are:
Read more: http://www.businessinsider.com/diamondback-capital-managements-biggest-stakes-2010-11#ixzz162THsRN0
Who does the FBI think it is? The law is for ‘Little People’!!!!
Level Global’s David Geneck is a BIG-TIME Chris Dodd supporter.
I wonder why he is being targeted? A preemptive strike on Clintonistas and their money men?
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Hmmm . . . . things are getting interesting. Connect those dots!
Remember, the Clintons entered the White House broke, but are now jet setting multi-millionaires.
i have known steve cohen for close to 17 years and he is a true professional. never have i ever known him to conduct himself unethically or unprofessionally. he is the consummate trader with no peer in the industry. he is being unjustifiably vilified by the government. it is a shame to see someone such as steve work as hard as he has for years and operate totally on the up and up to see the libelous and sladerous remarks being made about him. just as in the past there may be many false accusations made but he certainly will prevail. truth is on his side. by the way he was no obama supporter and is politically agnostic at least up until 6-8 months ago.
i have known steve cohen for close to 17 years and he is a true professional. never have i ever known him to conduct himself unethically or unprofessionally. he is the consummate trader with no peer in the industry. he is being unjustifiably vilified by the government. it is a shame to see someone such as steve work as hard as he has for years and operate totally on the up and up to see the libelous and sladerous remarks being made about him. just as in the past there may be many false accusations made but he certainly will prevail. truth is on his side. by the way he was no obama supporter and is politically agnostic at least up until 6-8 months ago.