DOJ Wants To Shake Up Hedge Fund Industry

According to

from Charlie Gasparino, the U.S. Department of Justice wants to shake up the hedge fund industry, with its latest probes into how the industry is doing business, and conducting research. Gasparino said that the DOJ is out to take out 12 hedge funds, three of which have already been raided today. Earlier today, Diamondback Capital Management LLC, Level Global Investors LP and Loch Capital Management LLC were all raided.