Industry News

Check out the latest news and insight from the ever-evolving world of institutional investing and hedge funds from around the globe.

Jing Chen has been eVestment’s hedge fund industry news reporter since 2011. To submit industry-related press releases or request feature ideas please contact her at editor@evestment.com

News Archive

Read More Industry News >

Judge Postpones Ex-Level Global Analyst's Trial

Sep 16, 2013
Jing Chen

The sentencing of former Level Global Investors analyst Spyridon “Sam” Adondakis has been postponed due to his cooperation in helping the government’s prosecution in other related insider trading cases.

Bloomberg Businessweek reported that Adondakis, who previously worked for Level Global co-founder Anthony Chiasson who was sentenced to jail earlier this year for insider trading, has been targeted as a potential witness against SAC Capital Advisors portfolio manager Michael Steinberg. Steinberg, who goes on trial in November, has pleaded not guilty to insider trading.

Adondakis’ sentencing has been rescheduled for March 19.

Adondakis also testified against Chiasson during the latter’s trial last year, claiming that he was among a group of hedge fund analysts and portfolio managers who exchanged confidential information about technology companies, earning at least $72 million in illegal profits. Steinberg is accused of being in the receiving end of Adondakis’ tips.

 

Read More Industry News >


Want to subscribe?

Join 15,000+ of your colleagues to receive daily hedge fund news from the definitive source in traditional and hedge fund data.

Subscribe Now


Hedge Fund Journal Reviews eVestment's Hedge Fund Database

July, 2012

Read More