FBI-Raided Level Global to Shut Down

Level Global Investors LP, one of the hedge funds raided by U.S. agents last November in a broad investigation into insider trading, told investors it would begin the process of winding down. The $4 billion firm, co-founded by David Ganek and Anthony Chiasson in 2003, said in a letter to investors on Friday that it would liquidate the funds and return its cash to investors. – Reuters

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