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
ISSN: 2151-1845 / CDC10004H
TAKE A FREE TRIAL
The full contents of this article are available to Absolute Return subscribers and trialists only.
To continue reading please, take a free trial, subscribe or log in.
Subscribers have unlimited access to all current and archive content. Start your subscription today - click on the button below.