BOSTON/NEW YORK (Reuters) – Steven Cohen and Neil Druker are at opposite ends of the spectrum when it comes to hedge fund fame and trading prowess.

But both wealthy hedge fund managers now find themselves linked to a U.S. insider trading investigation because of the criminal conduct of the same former employee.

NEW YORK, Feb 8 (Reuters) – Two people who once worked for
billionaire trader Steven A. Cohen’s SAC Capital Advisers were
charged with insider trading, drawing the $12 billion hedge
fund firm further into a high-profile U.S. investigation.

Prosecutors on Tuesday accused the two former employees,
among four new defendants charged with insider trading, with
receiving corporate secrets while working at SAC. The firm
itself has not been charged with any wrongdoing.

NEW YORK, Feb 8 (Reuters) – Three hedge fund managers,
including the head of an $80 million fund raided by federal
agents in November, and an analyst will be charged with insider
trading, U.S. prosecutors and people familiar with the matter
said on Tuesday.

The charges mark the latest development in a broad probe of
hedge funds’ trading activities. Authorities had previously
brought criminal charges against eight people tied to a
so-called expert networking firm who are accused of improperly
leaking confidential corporate information to hedge funds.
Tuesday’s charges are the first against hedge fund managers in
the probe.

NEW YORK (Reuters) – What’s eating Jamie Dimon?

At last week’s World Economic Forum in Davos, Switzerland, the JPMorgan Chase chief executive once again lambasted the media and politicians for portraying all bankers as greedy evil-doers.

It was at least the 12th time since the start of the financial crisis that Dimon has complained about Wall Street critics painting all bankers as cut from the same cloth. But the timing of his latest outburst seemed odd.

NEW YORK (Reuters) – What’s eating Jamie Dimon?

At last week’s World Economic Forum in Davos, Switzerland, the JPMorgan Chase chief executive once again lambasted the media and politicians for portraying all bankers as greedy evil-doers.

It was at least the 12th time since the start of the financial crisis that Dimon has complained about Wall Street critics painting all bankers as cut from the same cloth. But the timing of his latest outburst seemed odd.

NEW YORK (Reuters) – Bill Clinton says the “jury may still be out” on whether behemoth banks like JPMorgan Chase are good for America.

But the former president said he remains a fan of Jamie Dimon, largely because the JPMorgan chief executive is one of the few top bankers willing to speak his mind and admit mistakes.

NEW YORK, Feb 2 (Reuters) – Expert network firm Gerson
Lehrman Group has hired a Washington lobby firm with close ties
to the Democratic party as it braces for fallout from a U.S.
insider trading investigation, according to two people familiar
with the matter.

Gerson Lehrman, the largest of a group of firms that
specialize in matching hedge funds with industry consultants,
began interviewing lobbying firms a few weeks ago and selected
Elmendorf Ryan in the past few days, said these people, who
asked not to be named because they were not authorized to
disclose the information to the media.

NEW YORK, Jan 31 (Reuters) – Technology-focused hedge fund
STG Capital, which did business with an expert network firm
that has figured prominently in an ongoing U.S. insider trading
investigation, is shutting down, said people familiar with the
situation.

Steven T. Glass, the founder of STG, which once had more
than $200 million under management, notified investors last
week he was shutting down his fund, said one investor familiar
with the situation, who declined to be identified.

NEW YORK (Reuters) – Hedge fund manager Corey Ribotsky recently sent a letter to his investors in his NIR Group telling them he has been the subject of “rumor and innuendo” and that his firm did nothing wrong.

Ribotsky wrote to his clients — a relatively rare occurrence — nearly a year after the initial disclosure that his $750 million hedge fund was being investigated by federal prosecutors for allegedly inflating returns.

NEW YORK, Jan 25 (Reuters) – A Goldman Sachs Group Inc
(GS.N: Quote, Profile, Research, Stock Buzz) partnership that specializes in selling derivatives to
U.S. municipalities owes $1.55 million in unpaid federal
taxes.

The U.S. Internal Revenue Service filed a federal tax lien
against the Goldman partnership earlier this month for an
unpaid balance of taxes from 2009.