Diamondback: We are not a target
By Anastasia Donde
Mon Nov 29, 2010
One of the hedge funds raided by the FBI last week says the investigation is focused on a single employee and a former employee who reported to him.
Diamondback Capital Management informed clients in a letter
today that the firm is not a target of the
government’s insider trading investigation.
"Diamondback is not alleged to have engaged in any misconduct
or wrongdoing," the letter said. The hedge fund was one of
three firms raided last week by the Federal Bureau...
ISSN: 2151-1845 / CDC10004H
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