New York Times – Several hedge fund managers currently in legal hot water apparently have more in common that their judicial woes: they were all former Bear Stearns alumni.
William D. Cohan reports in Fortune that that Mark Kurland and Danielle Chiesi, who have been charged in the government’s insider trading case against Galleon Group chief Raj Rajaratnam, both previously worked at Bear Stearns Asset Management.
That puts them in the same camp with Ralph Cioffi and Matthew Tannin, who are currently on trial for fraud related to the collapse of the Bear Stearns hedge funds they managed.
