Raided Hedge Funds Slammed by Departures, Outflows

Reuters Hedgeworld › November 24, 2010

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Summary

NEW YORK (Reuters) - The three hedge funds raided by U.S. authorities on Monday [Nov. 23] have faced investor outflows or seen some high profile staff departures in the past year.

The offices of Boston-based hedge fundand Connecticut-based fundsandwere[Nov. 23] in connection with a widening probe by U.S. officials into insider trading.

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Extract

Raided Hedge Funds Slammed by Departures, Outflows

Lawyers familiar with the multi-pronged investigation said the government appears to be focusing on networks of traders and managers amid suspicions by authorities the funds traded on nonpublic informa...

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