Embattled hedge fund manager found dead in apparent suicide

A hedge fund manager at Visium Asset Management LP who last week was arrested on insider trading charges has been found dead in an apparent suicide.

Valvani, 44, was found Monday in his Brooklyn home by his wife. He had a wound on his neck, and a suicide note and knife were recovered, according to a New York Police Department spokeswoman.

The executive was arrested last Wednesday over allegedly making $25 million fraudulently by getting advanced information about U.S. Food and Drug Administration approvals of generic drug applications.

With founder Jacob Gottlieb, Valvani had been a partner at Visium Asset Management and helped build it into an $8 billion firm.

Read more from Reuters.