As discussed on Dealbreaker, reports say that Boston-based Loch Capital Management has been “hit hard” by redemptions since the friend, Steven Fortuna, of founders (and bros) Timothy and Todd McSweeney pleaded guilty to insider trading, and agreed to cooperate with the government. Reuters is reporting that neither brother has been implicated in the Galleon investigation, in the clubby world of Boston’s hedge fund community, speculation has been swirling around the firm.
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