Wednesday, 4 March 2015
Last updated 9 hours ago
Apr 13 2012 | 11:10am ET
The money manager arrested alongside three hedge funders in January is poised to plead guilty.
Danny Kuo, a technology fund manager at Whittier Trust Co., will cooperate with prosecutors, Bloomberg News reports. Kuo was allegedly part of an insider-trading that earned more than $60 million in illegal profits.
The three others, Level Global Investors founder Anthony Chiasson, former Diamondback Capital Management portfolio manager Todd Newman and former SAC Capital Advisors analyst Jon Horvath have all pleaded not guilty.
Kuo would be the fourth man to plead guilty and cooperate with the authorities in the present case.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…