Relevant:
- Winifred Jiau Pleads Not Guilty to Insider-Trading Charges
- Hedge fund boss testifies at NY trial that trades were based on research, not inside info
- Ex-Primary Global Consultant Chu May Enter Agreement in Fund Insider Case
- Three Hedge Funds Got Inside Data From Consultant, U.S. Says
- Another Insider Trading Defendant Pleads Guilty
2011-06-09 — hedgefund.net
A former SAC Capital portfolio manager testified in federal court he conducted about 20 trades based on alleged inside information received from ex-Primary Global expert networking consultant Winifred Jiau. Noah Freeman reportedly said Tuesday he made "maybe a little more than a dozen" trades while at hedge fund Sonar Capital Management and "perhaps a half a dozen" trades at SAC, according to Reuters.
...
Freeman pleaded guilty in February and is cooperating with the government to testify against Jiau, who is the defendant in an insider trading trial which has highlighted the role of expert-networking consulting firms.
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