E-Mails Spark New Probe Of Insider Trading At Pequot

Law360, New York (January 8, 2009, 12:00 AM EST) -- A computer hard drive containing e-mails between a former Microsoft Corp. employee and Pequot Capital Management Inc.'s chairman has reportedly triggered a new government investigation into possible insider trading at the $4.3 billion hedge fund.

Information discovered on the hard drive — which is in the possession of former Microsoft employee David Zilkha's ex-wife, Karen Kaiser — suggests the fund may have tapped insider information about the software giant and reaped illegal profits in April 2001.

U.S. Securities and Exchange Commission spokesman John Heine declined to...
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