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The Level Global co-founder, relaunching his career after a court overturned his insider trading conviction in 2014, is off to a modest start with his Aurmedis Global Investors.
Anthony Chiasson (photo credit: Peter Foley/Bloomberg)
For Anthony Chiasson, there is apparently life after exoneration.
The co-founder of now-defunct Level Global Investors has quietly been running his own hedge fund for more than nine months, managing a small sum of money and enjoying modest success. One year ago Chiasson launched Aurmedis Global Investors, and in November the hedge fund firm debuted the Aurmedis Global Master Fund. At year-end he was managing about $27 million, according to a regulatory filing.
But clearly for Chiasson, a former SAC Capital Advisors portfolio manager, this is a big comedown from his heyday at Level Global, where was managing between $4 billion and $5 billion. That was before the feds raided the offices of Level Global and three other hedge fund firms amid the government's wide-ranging insider trading probe.
In December 2012, Chiasson was convicted of one count of conspiracy to commit securities fraud and five counts of securities fraud. In May 2013 he was sentenced to six and a half years in prison, while former Diamondback Capital Management portfolio manager Todd Newman was sentenced to 54 months...