Morgan Stanley, Grosvenor invested with Diamondback, Level Global
November 29, 2010
Suzy Kenly Waite
In addition to having a fair amount of pension money, three of the hedge funds under investigation had some substantial investments from funds of funds.
A number of large funds of funds are invested in Diamondback Capital Management, Level Global Investors, and Loch Capital Management, three of the hedge funds being examined by the Federal Bureau of Investigation as part of a large government probe of insider trading activities. Last week it was revealed that a substantial number of pensions had allocated to these managers...
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