Reuters – The tight-knit Boston hedge fund community has been rattled by a guilty plea in the biggest insider trading prosecution in two decades.
Loch Capital Management, a technology-oriented hedge fund that once boasted over $2 billion (1.2 billion pounds) in assets, has been hit hard by redemptions because of close personal ties between its founders — twin brothers Timothy and Todd McSweeney — and a key witness in the still-unfolding Galleon investigation.
