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Ex-Bear hedgie wins court round

Former Bear Stearns hedge fund manager Matthew Tannin, 48, won a round during his trial in New York on fraud charges yesterday when a judge ruled the jury cannot see a personal email in which he wrote about his fears of a “blow up risk” for investors. Emails written by Tannin and his former boss at Bear Stearns Asset Management, Ralph Cioffi, 53, are central to the prosecution’s case against the two men – the first high-profile Wall Streeters to be criminally charged over offences connected to the financial crisis. Cioffi and Tannin have denied charges of securities fraud