Tuesday, November 23, 2010

The FBI Comes Calling

"Legal scholars have often debated it:
'When's the info too hot to have traded it?'
It's a thin, hazy line
That's hard to divine,
But it's here that I fear we've located it."    


The FBI has raided a trio of hedge funds, two of them run by alumni of Stephen A. Cohen's SAC Capital Advisors. The funds - Diamondback Capital Management LLC, Level Global Investors LP and Boston-based Loch Capital Management LLC - are known for their reliance on the expert research of analysts with deep industry knowledge, which the Bureau evidently perceives to have crossed the line into inside trading.
Posted by Dr. Goose
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