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Level Global co-founder sentenced to 6 1/2 years in prison

According to court documents, Level Global made nearly $70 million in profits from a series of trades that were executed in 2008 and 2009 using non-public information about Dell Inc. and Nvidia Corp.

Hedge fund pays $21.5 million penalty

Level Global Investors L.P. agreed April 29 to pay $21.5 million to settle charges that its co-founder and several employees had engaged in inside trading of Dell Inc. and Nvidia Corp. securities.

Legal briefs

XL sued a defunct Greenwich hedge fund, and other law news in Fairfield County.

Billion-dollar dropouts

Fairfield County’s biggest hedge funds suffered a high dropout rate following the financial crisis.

Hedge funds overlooked in State of the State

The industry says Gov. Malloy should openly acknowledge the importance of hedge funds.

In the field

Gartner Inc. is hiring salespeople and consultants, and other news affecting Fairfield County companies.