New Castle’s unfortunate associations

New Castle has two strikes against it: Insider-trading charges against two executives and Bear Stearns’ backing and leadership.

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By Britt Erica Tunick

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Two of the most poisonous associations in the hedge fund world these days are Raj Rajaratnam and Bear Stearns Asset Management, and New Castle Funds is in the unfortunate position of having close ties to both.

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