Hedge Fund Manager Denies Trading on Insider Tip

Whitman Capital LLC’s Doug Whitman told jurors that he refrained from trading the stock of Polycom Inc. when he first suspected that Roomy Khan, a key government witness in his prosecution, was getting illegal inside information.

Whitman, 54, testified yesterday for a second day at his insider-trading trial in Manhattan federal court. He told the jury that he became suspicious during a telephone conversation with Khan in April 2006 that she was getting confidential revenue figures from inside the company.