HedgeFundsX

Anthony Chiasson, the co-founder of the hedge fund Level Global Investors, was sentenced to 6.5 years in prison today for illegal trading in two tech stocks. The government had requested a sentence of 8 to 10 years, based on sentencing guidelines, arguing that Chiasson was responsible for more than $68 million in illegal profits to Level Global. In just one series of trades in 2008, Chiasson and his co-conspirators made $53 million … Read More »

Jesse Eisinger, in a provocative article in today’s New York Times, summarizes an argument on Fed policy between hedge fund managers and economists. “After several such … Read More »

22-year-old Alex Bosset is not your typical college student. A finance major at the University of Minnesota, he was recently ranked among the top … Read More »

For many people, prison is a terrible place that breaks their spirit and turns them into a shell of the person they once were. They grow bitter. They harden. Their looks take a hit. Two people for whom time in a correctional facility actually seems to … Read More »

U.S. prosecutors are considering possible criminal charges against SAC Capital Advisors LP as a result of the government’s insider-trading investigation of the hedge-fund firm, according to people familiar with the matter.

The move came before the company told clients Friday that it will no longer … Read More »