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FBI Arrests California Fund Manager

February 10, 2012
A California hedge fund manager surrendered on Friday to the FBI in New York, where he was charged with insider trading.  Doug Whitman, founder of Whitman Capital in Menlo Park, CA, allegedly traded technology stocks - reportedly involving technology giants like Google and Polycom.  Prosecutors are expected to file an indictment in federal court later on Friday. Since starting up Whitman Capital in 1994, Doug Whitman has invested principally in technology stocks.  Prior to 1994, he had worked as an analyst for several Wall Street firms - including Alex. Brown & Sons and Montgomery Securities. As of 2006, Whitman Capital had over $100 in AUM (assets under management) and, according to a November 2011 filing, the fund had holdings in several chip makers and networking companies - including Marvell Technology, Brocade Communications and Riverbed Technology. More information to come when made available.   [Dealbook, 1/10/12]