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Insider trading conviction impacts, Cerberus dumps Freedom Group, short sellers caught out and more

By Chris Clair

What’s news around the hedge fund industry for Tuesday, Dec. 18, 2012:

Around the web

The impact of the latest insider trading convictions. (DealBook)

Cerberus Capital Management to dump gun maker Freedom Group after Newtown massacre. (TPMMuckraker)

Hedge funds with the biggest stakes in gun manufacturers. (Clusterstock)

Wells Fargo buys 35% of Rock Creek Group. (FINalternatives)

Zimmer Lucas Capital is selling the world’s most expensive office space for $49.9 million. (Business Insider’s The Life)

Hedge funds caught out as short selling costs them dear. (Citywire)

Dark pool growth hurts investors, NYSE, Nasdaq tell Senate. (Bloomberg)

Regulators seek court ruling against Peregrine. (Dow Jones Newswires, via Nasdaq)

Australia fund managers back tax on high-frequency trading firms. (Bloomberg)

They have a bridge to sell you. N.Y.’s Triborough Bridge & Tunnel $728 million, two-part deal on hold. (Reuters)

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