Hedge Funds Track Traders as Probe Puts ‘Fear’ in Firms
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The U.S. government isn’t the only one investigating insider trading on Wall Street. Hedge funds have joined the hunt.
Some are engaging people like Jeremy Kroll, co-founder of K2 Global Consulting LLC, a New York-based investigations firm. Kroll has created software that scrutinizes the personal, social and business relationships of traders and analysts to help detect and thwart possible misuse of confidential information. At least five multibillion-dollar hedge funds have signed on, said Kroll, who declined to name them.