Ex-Millennium Fund Manager Cleared In Swaps Case

Jun 28 2010 | 7:16am ET

The Securities and Exchange Commission’s first insider-trading case involving credit default swaps ended with a whimper on Friday when a judge ruled that a former hedge fund manager and a bond salesman did nothing wrong.

U.S. District Judge John Koeltl, who heard the bench trial without a jury, said there was no evidence that Renato Negrin, formerly of Millennium Partners, and Deutsche Bank’s Jon-Paul Rorech violated insider-trading laws.


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Publisher's Note

    Hedge Funds Care Gala Raises $2 Million For Charity

    Mar 10 2014 | 11:33am ET

    A huge thank you to all of the people who helped make last Thursday’s HFC NY Open Your Heart to the Children Benefit such a success. The charity gala raised nearly $2 million to prevent and treat child abuse in New York, New Jersey and Connecticut. Read more…