Soros at it again. U.S. Said to Tell Hedge Funds to Save Euro RecordsSubmitted by Jim Brown on Wed, 03/03/2010 - 18:32
(Adds comment from Soros Fund Management in sixth paragraph.)
By Katherine Burton and David Scheer
March 3 (Bloomberg) -- The U.S. is asking hedge funds not to destroy trading records on euro bets, according to a person with knowledge of the requests, as Europe and the U.S. step up scrutiny of the funds’ role in the Greek debt crisis.
The Department of Justice sent notices to save the records to at least some of the hedge funds whose executives attended a dinner hosted by New York-based research and brokerage firm Monness, Crespi, Hardt & Co. on Feb. 8, said the person, who declined to be identified because the information is private.