When a Manhattan appeals court recently threw out what remained of former hedge fund founder David Ganek’s lawsuit against prosecutors and FBI agents, they broached a sensitive topic but also skirted the issue at the same time. Ganek, co-founder of Level Global Investors LP (LG), sued former US Attorney for the Southern District of New York Preet Bharara and 14 Department of Justice prosecutors and FBI investigators, claiming they used manufactured evidence to entice a judge to grant them a search warrant for insider trading. Ganek claimed inappropriate government actions resulted in investors fleeing the fund and it ceasing operation.
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Q3 2017 Hedge fund Letters, Conferences, Pitches; Pabrai Comeback And More
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