Whittier's Kuo To Plead Guilty In Level Global Case

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.


In Depth

Israeli Hedge Fund Harnesses Big Data

Jul 28 2014 | 8:10am ET

Apica Green is a multi-million dollar Israeli hedge fund that is based in Tel Aviv...

Lifestyle

David Yarrow On Growing His Hedge Fund And Shooting The Animals And People Of Africa - As A Photographer

Jul 23 2014 | 6:44am ET

While he’s always been a photographer, recent expeditions to Iceland, Ethiopia...

Guest Contributor

Why Is The Shipping Industry Underwater?

Jul 31 2014 | 7:31am ET

Anyone who’s taken a look at the global shipping industry recently probably knows...

 

Publisher's Note