“Regulators are examining why two investment funds obtained
relatively large chunks of VA Linux’s initial public stock
offering.”
“The Securities and Exchange Commission, intensifying its
investigation into questionable IPO practices, is examining the
activities of two little-known investment funds that obtained
relatively large chunks of VA Linux Systems’ initial public stock
offering.”
“The scrutiny of the funds, GLG Partners and Chelsey Capital, is
part of a broader examination into whether some investors paid Wall
Street firms unusually large trading commissions in exchange for
slices of coveted IPOs, according to people familiar with the
probe.”