FBI raids JANA Partners SAN FRANCISCO (MarketWatch) — The Federal Bureau of Investigation raided three hedge-fund firms Monday as part of a wider probe into potential insider trading in the financial-services industry.
Search warrants were executed on Diamondback Capital Management LLC, Level Global Investors LP and Loch Capital Management LLC, according to a person familiar with the situation.
The raids come amid a massive government investigation into potential insider trading at hedge-fund firms, mutual funds and investment banks.
The Wall Street Journal reported this weekend that federal authorities are preparing insider-trading charges that could ensnare consultants, investment bankers, hedge-fund and mutual-fund traders. A spokesman from the Justice Department didn’t return an email and phone call seeking comment Monday.
Firms that are involved in aspects of the investigation include Goldman Sachs Group Inc. GS +0.81% , Ziff Brothers, Jana Partners, TPG-Axon Capital Management, Jennison Associates, part of Prudential Financial PRU +0.77% , UBS AG’s UBS -0.90% UBS Financial Services Inc. and Deutsche Bank AG DB -0.39% , according to the Journal.
They will drive it up and down like a yo yo in hopes of shaking off investors before the big moves! Look at some of the bashers following Yahoo link for clear evidence of what I'm pointing out. Theses bashers who I believe is using multiple Id's all they have done is post 24/7 KADR board misleading investors "BUTTOM LINE" If someone really thought that bad about the company you think they'd waste their time being here? Their agenda is very noticeable. The company is doing the right things to get to the next level. Their time is near to get slaughtered!
JANA Investigators subpoenaed Hedge funds SAC Capital Advisors LP, Diamondback Capital Management LP, Jana Partners LLC and Balyasny Asset Management LP all increased their holdings in one or more of three health-care stocks during the quarters in which the companies announced mergers and the stock shot up in price, according to public filings. It wasn't clear from the filings whether the purchases took place before or after the deals were unveiled.