Reuters – A hedge fund manager from a prominent Denver family was sentenced in New York to one year and one day in prison on Wednesday after pleading guilty to insider trading charges.
Drew “Bo” Brownstein, who controlled Big 5 Asset Management LLC, admitted in October to making nearly $2.5 million (1.6 million pounds) in profit by trading in April 2010 on a friend’s tip about Apache Corp’s forthcoming takeover of Mariner Energy Inc.
