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Hedgie Who Beat Insider Trading Conviction Launches $16M Fund

November 15, 2016

Remember Anthony Chiasson? He and former Diamondback Capital portfolio manager Todd Newman were found guilty of insider trading by a federal court jury in December 2012, only to have those convictions overturned by an appeals court.  The Supreme Court refused to hear Uncle Sam’s appeal.

 

Well, he just raised $15.7 million for his new hedge fund, Aurmedis Global Investors. Aurmedis is the Chiasson’s 2nd hedge fund – he ran Level Global from 2003 until it was closed in 2011, following an FBI raid tied to the insider trading probe.

 

Aurmedis had been registered with the SEC, but was only managing private funds, which are not subject to the same disclosure rules as hedge funds.The new fund’s name is a portmanteau of the Latin words for “gold” and “mean,” representing “golden mean.”