Closed UK hedge fund ordered to pay $76.8m

Sweet ruled that Pentagon Capital and Chester must disgorge $38.4 million in improper profits on the trades. He imposed the same amount as an additional civil penalty.


ICAI slaps notices on PwC India

"We have sent a communication to them, asking them to tell us about the source of the sundry income and how it has been dealt with. We are yet to get a response from them," Shah said.


Hedge fund manager charged with insider trading

The president of a Menlo Park hedge fund Friday became the latest figure to be indicted in the Galleon insider trading scandal that has stretched from Silicon Valley to Wall Street.