F.B.I. agents raided the offices of three hedge funds on Monday, the government's latest salvo in an escalating investigation into insider trading on Wall Street.

Two of the hedge funds, Level Global Investors of New York and Diamondback Capital Management of Stamford, Conn., are controlled by alumni of SAC Capital Advisors, also in Stamford, hedge fund colossus run by the billionaire Steven A. Cohen, who is known for his stellar returns and uncanny trading talents.

Read the complete New York Times story here.

F.B.I. agents raided the offices of three hedge funds on Monday, the government's latest salvo in an escalating investigation into insider trading on Wall Street.

Two of the hedge funds, Level Global Investors of New York and Diamondback Capital Management of Stamford, Conn., are controlled by alumni of SAC Capital Advisors, also in Stamford, hedge fund colossus run by the billionaire Steven A. Cohen, who is known for his stellar returns and uncanny trading talents.

Read the complete New York Times story here.