Money Control – A US jury convicted a former portfolio manager at a Jefferies Group Inc affiliate of conspiracy and securities fraud on Wednesday, one of several prosecutions brought last year over allegations of insider trading at hedge funds.
Joseph Contorinis, the former general partner of Jefferies Asset Management LLC’s Jefferies Paragon Fund, was found guilty in Manhattan federal court by a jury that deliberated for less than two days on the evidence from a three-week long trial.
