Visium Probe Shows Feds Still Have Hedgies in Their Sights
Several of the government’s hard-won convictions were overturned following an appellate court ruling making it harder to prosecute for insider trading, but the government is still taking a hard look at hedge funds, a recent inquiry into New York–based Visium shows.
|Jacob Gottlieb, Visium Asset Management (Bloomberg)
By Michelle Celarier
The insider trading probe of Jacob Gottlieb’s Visium Asset Management is sending hedge funds a clear message: The federal government isn’t through going after them — even though an appellate court has made all but impossible the type of massive crackdown that New York’s Southern District U.S.