Fund manager on $5 million bail

New Yorker accused of fraud; travel restricted to 4 states

Posted: November 27, 2012 at 3:05 a.m.

Mathew Martoma (center), former SAC Capital Advisors hedge fund portfolio manager, enters Manhattan federal court Monday with his attorney Charles Stillman.

A former hedge fund portfolio manager accused of enabling a quarter of a billion dollars in profits by passing along inside information in one of the largest insider trading fraud cases in history appeared in a Manhattan court for the first time Monday and was released on $5 million bail, though his movements were restricted.

This story is only available from our archives.

Business, Pages 21 on 11/27/2012