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SAC Probe Said to Be Hampered by Auto-Deleted E-Mails

Email Simon Stratford

The federal investigation of insider trading by SAC Capital Advisors LP and its founder, Steven A. Cohen, has been hampered by a lack of extensive e-mail evidence. One reason: During the period of time at the heart of the probe, July 2008, SAC automatically deleted its e-mails.

Blackstone Said In Push for Hedge Fund Stakes

Hedge Fund

Blackstone Group has hired Anthony Maniscalco to help run a new business that will buy stakes in hedge-fund managers, said three people familiar with the plans, as the firm tackles an investing area where institutions such as Goldman Sachs have had mixed results.




Venture capital deals hit 15-year high

Venture capital investments rose to their highest level in nearly 15 years during the second quarter, with the majority of funding going to software and media/entertainment companies, according to a report released Friday.