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    Timeline: Hedge fund lowlights

    July 2007

    Two Bear Stearns hedge funds collapse, signaling subprime mortgage crisis

    July 2007

    Sowood Capital Management of Boston loses half its assets and winds down funds

    September 2008

    Financial crisis explodes and stocks plunge everywhere

    June 2009

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    Boston’s James Pallotta winds down Raptor hedge fund after poor performance

    November 2010

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    FBI launches nationwide insider-trading inquiry of hedge funds with raids at Level Global Investors, Diamondback Capital Management, and Boston’s Loch Capital Management

    October 2011

    Raj Rajaratnam, former head of $7 billion hedge fund Galleon Group, sentenced to 11 years in prison for insider trading

    November 2012

    Red Sox owner John Henry closes his commodities hedge fund after lackluster performance

    December 2012

    Hedge fund giant SAC Capital comes under scrutiny after former manager Mathew Martoma’s arrest on insider trading charges