Monday, December 13, 2010
Hedge Funds Raided in probe
An insider-trading investigation shifted into high gear as government agents raided the offices of three large hedge funds. Federal Beurau of Investigations seized documents in three cities as Inside-Trading Investigation widens.The raids helped push the Dow Jones industrial average down about 150 points before a rally left it down 24.97. Financial were hit, with Goldman Sachs Group Inc. down 3.4%.
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