Bloomberg – As if the global capital markets hadn’t suffered enough shocks lately — artillery fire in Korea, meltdown in Ireland, Eva Longoria Parker’s divorce filing — life just threw America’s hedge-fund masters a beanball. It appears the government wants to toss many of them in jail.
This week the Federal Bureau of Investigation executed search warrants at three large hedge funds’ offices as part of a widening insider-trading investigation. Several other funds, including SAC Capital Advisors, got subpoenas for documents.
