FBI Raids Three Hedge-Fund Offices

By
Photo: iStockphoto

The offices of Diamondback Capital Management and Level Global Investors in Connecticut — both of which are helmed by ex-managers at Steve Cohen's SAC Capital Advisors The Wall Street Journal notes, not that you should read anything into that or anything — were raided this morning, along with Loch Capital Management in Boston. "And more could be on the way." [WSJ]