A fresh round of insider-trading prosecutions involving hedge funds may be in the works judging by some unusual name-dropping during two recent guilty pleas in the long-running probe, Reuters reports
Two former research consultants told a Manhattan federal judge that they gave confidential corporate information to traders at three mid-sized hedge funds: STG Capital, G-Core Capital and Kingdom Ridge Capital. STG and G-Core both closed late last year after a string of FBI raids and subpoenas on hedge funds related to trading probes.
No one at the three funds has been charged with wrongdoing. However, the disclosure of their names suggests a road map that prosecutors may be following as they continue to pursue allegations of wrongful trading in the $2 trillion hedge fund industry…
http://www.reuters.com/article/2011/07/13/us-insidertrading-hedgefunds-idUSTRE76C55M20110713
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