Hedge fund manager and co-founder of Level Global Investors LP
First to successfully challenge the government’s now discredited legal theory in an insider trading case
Conviction was overturned and all charges against him dismissed in a seminal, unanimous ruling by the Second Circuit Court of Appeals in December 2014
Supreme Court of the United States denied the Government’s request to hear the case in October 2015
Anthony Chiasson is a hedge fund manager who co-founded Level Global Investors LP in 2003. At its peak, Level Global managed more than $4 billion in assets under management and employed 75 people. In 2010, Goldman Sachs purchased a minority interest in the firm through its Petershill buyout fund.
In the eight years of Level Global’s existence, Anthony managed money for some of the country’s leading institutional investors and non-profits including, the New York State Common Retirement Fund, the New Jersey Division of Investment, Cornell University, Syracuse University and the American Red Cross, among others. As the firm evolved from startup to a leading institutional fund, in addition to co-managing the firm, Anthony was also Portfolio Manager and Director of Research.
At the time of its closing, Level Global was poised to receive hundreds of millions of dollars in new assets, which would have supported its growth to more than $5 billion in assets under management.
Anthony was charged with insider trading in January 2012 and he and his co-defendant were convicted in December 2012 after a six week trial. Steadfastly maintaining his innocence, Anthony appealed.
Anthony’s conviction and the conviction of his co-defendant were overturned and all charges against them dismissed in a seminal, unanimous ruling by the Second Circuit Court of Appeals in December 2014. The Appeals Court said the Government failed to present sufficient evidence that he engaged in insider trading and that the judge misread the law and incorrectly instructed the jury. The Government pursued the case all the way to the Supreme Court but, in October 2015, the high Court refused to hear the Government’s petition, representing Anthony’s full and final vindication.
Anthony began his career on Wall Street in equity research at Salomon Brothers. In 1996, he joined the Equity Research Department at Deutsche Bank where he helped expand coverage in the technology sector. He was recruited by Credit Suisse First Boston (CSFB) to be a senior analyst in its Technology Research Group in 1998 and subsequently spent time at Merrill Lynch & Co. as a Vice President in equity research. In 1999, Chiasson moved to the buyside and joined the former SAC Capital Advisors LLC as a Senior Research Analyst. He remained at SAC for four years before departing in early 2003 to start Level Global Investors LP.
Anthony graduated from Babson College summa cum laude with a B.S. in 1995. He received the Roger W. Babson Award which is bestowed on the graduating senior who most exemplifies the qualities of scholarship, leadership and involvement in co-curricular activities.
Anthony served on the Babson College Board of Trustees and underwrote a need-based scholarship program for Babson applicants from the State of Maine. He also seeded a new summer-based program to support the development of student entrepreneurs called the Babson Summer Venture Program. A native of Portland, Maine, he also served as a Trustee of Cheverus High School in Maine, from which he graduated.
Anthony resides in New York City with his wife and two children.