Level Global, Diamondback Capital, and Loch Capital raided by Feds

As part of an insider trading probe, Federal investigators have recently raided the offices of several hedge fund managers, including Level Global Investors, Diamondback Capital Management and Loch Capital Management LLC. According to the Wall Street Journal, the authorities had warrants but the investigations are still ongoing.


Diamondback Capital is led by Larry Sapanski and Level Global Investors is led by David Ganek and Anthony Chiasson, all of whom were previously senior portfolio managers at Steven A. Cohen’s SAC Capital Advisors. No reports have indicated SAC Capital's potential involvement, but the firm has been subpoenaed.


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Hedge Fund Seizing L.A. Radio Mogul’s Huge Estate

Connecticut hedge fund New Stream Capital is about to seize one of LA’s most expensive mansions. Self made radio mogul Ken Roberts, who’s been tied up in a nasty loan-to-own battle with the fund, told ME he’s set to turn the keys over Monday because he couldn’t pay back the $27.5 million he was court ordered to pay the hedge fund. Roberts says–like others who took short-term high-interest loans from Ridgefield-based New Stream, and secured the notes with their most valuable possessions– has discovered the fund wasn’t intending to just make him a loan, it really wanted to get control of his high-value property.

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