NEW YORK (Reuters) – An executive of a hedge fund networking firm was arrested Wednesday on charges related to insider trading, part of a broad investigation of hedge funds by U.S. prosecutors.

A criminal complaint unsealed in U.S. District Court in New York said Don Ching Trang Chu, also known as Don Chu, promoted the services of his California-based firm, Primary Global Research, by arranging for inside information to be leaked to hedge funds.

NEW YORK (Reuters) – The FBI raided three hedge funds as part of a widening probe into suspected insider trading in the $1.7 trillion hedge fund industry.

Monday’s raids come as federal prosecutors prepare to unveil a series of new insider trading cases as soon as this year against hedge fund traders, consultants and Wall Street bankers.

NEW YORK (Reuters) – The FBI raided three hedge funds in connection with a widening probe into insider trading, the Wall Street Journal said on Monday.

Diamondback Capital Management LLC and Level Global Investors LP, two Connecticut funds run by former managers of Steven Cohen’s SAC Capital Advisors, were among those raided, according to the report.

NEW YORK, Nov 22 (Reuters) – The FBI raided three hedge
funds in connection with a widening probe into insider trading,
the Wall Street Journal said on Monday.

Diamondback Capital Management LLC and Level Global
Investors LP, two Connecticut funds run by former managers of
Steven Cohen’s SAC Capital Advisors, were among those raided,
according to the report.

NEW YORK (Reuters) – Federal authorities may file a series of insider trading cases against hedge fund traders, consultants and Wall Street bankers within weeks, several lawyers familiar with the situation said.

Prosecutors and securities regulators are likely to file a number of cases targeting the $1.7 trillion hedge fund industry rather than a single spectacular case, said the lawyers, who have knowledge of the investigations but did not want to be identified since details have not been made public.

NEW YORK, Nov 21 (Reuters) – Federal authorities may file a
series of insider trading cases against hedge fund traders,
consultants and Wall Street bankers within weeks, several
lawyers familiar with the situation said.

Prosecutors and securities regulators are likely to file a
number of cases targeting the $1.7 trillion hedge fund industry
rather than a single spectacular case, said the lawyers, who
have knowledge of the investigations but did not want to be
identified since details have not been made public.

NEW YORK (Reuters) – Sam Evans may not have the most powerful or lucrative position in the hedge fund world. But his job at SAC Capital Advisors is one a lot of people, and not just financial industry types, would die for.

Unlike his co-workers, the hundreds of traders and analysts who work at Steven Cohen’s $12 billion hedge fund, Evans does not stare at computer screens, map out stock charts or work the phones for information on the markets all day.

NEW YORK/BOSTON, Nov 18 (Reuters) – Billionaire money
manager Philip Falcone, whose borrowings from his hedge fund
have drawn regulatory scrutiny, is also cooperating with
“informal investigations” into trading at his Harbinger Capital
Partners and related entities, according to a recent regulatory
filing.

The informal investigation was disclosed earlier this month
in the third-quarter financial report for Harbinger Group Inc
(HRG.N: Quote, Profile, Research, Stock Buzz), a small publicly traded company where Falcone is
chairman and chief executive.

NEW YORK (Reuters) – Sam Evans may not have the most powerful or lucrative position in the hedge fund world. But his job at SAC Capital Advisors is one a lot of people, and not just financial industry types, would die for.

Unlike his co-workers, the hundreds of traders and analysts who work at Steven Cohen’s $12 billion hedge fund, Evans does not stare at computer screens, map out stock charts or work the phones for information on the markets all day.

NEW YORK/BOSTON (Reuters) – Billionaire money manager Philip Falcone, facing regulatory scrutiny for having borrowed $113 million from his hedge fund, is now taking a more conventional path to getting a loan — he’s going to a bank.

Earlier this month, Falcone and his wife posted some of their “fine art” as collateral for a secured five-year loan from Bank of America, public records show.