Insider Probe Dethrones 'King of Tokyo'


[REUTERS: TOKYO, 18 July 2012] -- Edward Brogan was Japan's highest-profile hedge fund manager until he suddenly dropped out of view this month.

Dubbed the "King of Tokyo" by traders, the 53-year-old American seemed to have it all: wealth, professional acclaim and status as a patron of contemporary art.

In his best year, Mr. Brogan had managed over one billion dollars in his flagship Whitney Japan Fund, although much of that has been withdrawn.

Now Mr. Brogan is at the center of a probe of insider trading. His Tokyo-based firm Japan Advisory has been closed since regulators imposed a fine and revoked its license at the end of June.

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