Hedge fund news

Hedge Fund

Investors in David Einhorn's Greenlight Capital Management's offshore gold fund were down 11.8% in June, bringing their year-to-date losses in the fund to 20%, two sources close to the matter said on Sunday.

$72m Insider-Trading Convictions

72 Million Fraud Convictions Still

Level Global Investors LP co-founder Anthony Chiasson and former Diamondback Capital Management LLC portfolio manager Todd Newman were convicted of securities fraud and conspiracy for an insider-trading scheme that reaped more than $72m.