Hedge Funds

David Einhorn, the founder of hedge fund firm Greenlight Capital, has received the second highest fine levied on an individual investor by the Financial Services Authority, for trading Punch Tavern shares on the basis of inside information in June 2009.

According to a statement yesterday from the FSA, Einhorn's fine is £3.63m, while Greenlight has been fined £3.65m.

The founder of Greenlight Capital has received the second highest fine for an individual ever issued by the FSA for trading Punch Tavern shares on the basis of inside information in June 2009

Harriet Agnew

Punch Taverns

London Stock Exchange

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Einhorn fined £3.6m for insider trading

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