Harbinger lost $130m on shares deposited with Lehman (Fund News)
Hedge fund Harbinger Capital Partners said on Tuesday it had lost more than a quarter of its stake in sugar maker Tate & Lyle as it has been unable to reclaim them from collapsed bank Lehman Brothers.
Raj Rajaratnam charged with insider trading (Fund News)
Billionaire investor Raj Rajaratnam and present and former executives of Bear Stearns, IBM, Intel and McKinsey were charged yesterday in an alleged insider trading scheme that US prosecutors called the biggest ever involving hedge funds.
Ralph Janvey, the receiver appointed by US courts to marshal the assets of the Stanford Financial Group, has set his sights on two former employees of the companyâ??s investment advisory unit.