Hedge fund manager charged with insider trading in apparent suicide: police
By Nate Raymond and Svea Herbst-Bayliss (Reuters) – Sanjay Valvani, a hedge fund manager at Visium Asset Management LP who was arrested last week on insider trading charges, has been found dead in an apparent suicide, the police said on Tuesday. Valvani, 44, was discovered by his wife on Monday evening at his Brooklyn home with a wound to his neck, a New York Police Department spokeswoman said. Valvani was arrested last Wednesday and accused of having fraudulently made $25 million by getting advanced information about U.S. Food and Drug Administration approvals of generic drug applications.
