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

FINalternatives Survey: We Asked Investment Pros...

Apr 2 2016 | 9:42pm ET

The data from our annual reader survey continues to roll in and provide interesting...

Lifestyle

Point72's Cohen Donates $275M To Veterans Mental Health Network

Apr 6 2016 | 8:31pm ET

Billionaire hedge fund manager Steve Cohen has formed a non-profit aimed at treating...

Guest Contributor

Agecroft: Why NYCERS Should Reconsider Exiting All Hedge Funds

Apr 18 2016 | 5:51pm ET

The recent decision by the New York City Employment Retirement System to exit its...