Tip of hedge fund iceberg
(Independent): When the FBI arrested Raj Rajaratnam last week, a chill went down the spines of more than a few of his rival hedge fund managers. There but for the grace of the gods ..Insiders at the Securities and Exchange Commission, the Wall Street watchdog, and at the Justice Department say that there are more civil charges and more criminal prosecutions in the offing. Hedge fund managers need to learn to spot the difference between scouring every possible source for trading ideas, and out-and-out insider dealing, and they had better learn fast.
Category: Business
