The latest in the Wall Street Journal's series of articles
on the FBI insider-trading probe focuses on another "expert-network" firm. This time it is Gerson Lehrman Group. The paper reports that last August the FBI question Menucher Menuchehry, an employee of Marvell Technology Group who acted consultant for the firm.
The article mentions one mutual fund firm in passing. It states that Fidelity Investments is one of Gerson Lehman's many clients.
Instead, the story ties the consultant to Diamondback Capital Management LLC. That is one of three hedge funds the FBI raided last week. Diamondback informed its investors yesterday that it is not a target of the investigation.
Gerson Lehman is the largest expert network firm and controls about two-thirds of that market, reports the WSJ.
Earlier stories had focused on Primary Global Research LLC that employed Don Ching Trang Chu who the FBI arrested last week.
Sean Hanna, Editor in Chief
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