Newman, a former portfolio manager with the Diamondback Capital
Management hedge fund and John Horvath, an employee of Sigma Capital
Management, an affiliate of SAC Capital Advisors, as part of an
insider trading investigation, The Wall Street Journal reported.
The Federal Bureau of Investigation is also expected to arrest Anthony
Chiasson, a former hedge fund manager at Level Global Investors LP,
who was expected to surrender in New York, the newspaper reported.
A fourth person was expected to face charges as well, but the
newspaper article did not provide a name.
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