Hedge Fund Manager Charged With Insider Trading Is Found Dead
June 24th, 2016Via: New York Times:
A high-flying hedge fund manager at Visium Asset Management, who was charged last week with insider trading, has died, apparently the victim of a suicide.
The manager, Sanjay Valvani, was discovered on Monday by his wife in their brownstone in Brooklyn Heights, a New York police official said. Mr. Valvani was found face down on the bedroom floor with a cut to his neck, the official said. He left a note, and a knife was found near his body. He was 44.
The death brought the government’s case against Mr. Valvani to a shocking end. Last week, he was accused of using confidential information from a former Food and Drug Administration official to reap $32 million in illegal gains.
Days after the charges, Visium’s founder, Jacob Gottlieb, announced that he was shuttering the multibillion-dollar hedge fund and selling one of its funds to AllianceBernstein.
