Former FrontPoint Hedge Fund Manager Gets 5 Years for Insider Trading
On Friday, Dr. Joseph 'Chip' Skowron, former FrontPoint Partners hedge fund manager, got the bad news: he was sentenced to five years in prison for his part in an insider trading scheme. He also was fined and ordered to pay restitution.
Prominent Hedge Fund Received Insider Tips From Genome Scientist
FrontPoint Partners oversees roughly $7 billion in assets, including in healthcare funds. It has offices in Greenwich, Connecticut; New York; and London.
Companies in a variety of biotech and health-care sectors should see sales and development progress in 2007, analysts say. Edward A. Tenthoff Piper Jaffray & Co. 212-284-9403 email@example.com Area of...