Monday, January 24, 2011

Federal insider trading investigation spread to Ohio pension funds

 Federal insider trading investigation spread to Ohio pension funds

Tencent Finance YORK January 24 morning news, the U.S. federal government has support of more hedge fund launched insider trading investigation, and even spread to New York City and Silicon Valley companies. Affected by this, investors are sniffing around the message have to decide whether to sell holdings of fund shares.

learned that the investigation involves a school employee $ 10,000,000,000 Ohio retirement pension, the pension fund set up by the two hedge fund investments. In November 2010, after the scandal broke a pension, pension fund management will fly to New York, the question related to the two companies-Level Global Investors LP and Diamondback Capital Management LLC, two companies are also subject to the federal government's assault search.

Diamondback, according to a company source said that the company management does not disclose the investigation of external details, but can provide some of the fund's latest portfolio. (Wen bowl)

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