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81 Resources for

galleon hedge fund

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Former AMD CEO Caught in Hedge Fund Scandal
Hector Ruiz, the soft spoken executive who rose to prominence as the chief executive officer of Advanced Micro Devices has been named by government prosecutors as a senior executive who gave inside information tin the Galleon hedge fund scandal, according to The Wall Street Journal. An unnamed source told the...
Tags: executive, Advanced Micro Devices Inc., Hedge Fund
News items 2009-10-27
E-mail strategy fails in Bear hedge fund case
Prosecutors had hoped that a string of e-mails exchanged in 2007 between Ralph Cioffi and Matthew Tannin, the former Bear Stearns hedge fund managers acquitted of fraud on Tuesday, would present a convincing case that the two men had lied to investors. The e-mail traffic concerned the subprime mortgage market,...
Tags: e-mail, verdict, Bear Stearns & Co. Inc.
News items 2009-11-10
Galleon paid banks millions for 'edge'
The Galleon hedge fund at the centre of an insider trading scandal paid hundreds of millions of dollars a year to its Wall Street banks and in return regularly received market information that would not have been disclosed to most investors, executives familiar with the matter say. A person familiar...
Tags: Bank, executive, information, Goldman Sachs Group Inc., Hedge Fund
News items 2009-10-28
The Rise & Fall of a Billionaire Technology Hedge Fund Guru
About fifteen years ago, as a your reporter covering semiconductor industry for a newswire, I met a man called Raj Rajaratnam. At that time he was not only an influential semiconductor analyst at Needham & Company, but also the President of the brokerage. The Sri Lanka-born analyst was one of...
Tags: information, Analyst, semiconductor, Prosecutor, Hedge Fund
News items 2009-10-16
Galleon fears raised in 2001
Concerns about the business practices of Galleon hedge fund founder Raj Rajaratnam and his associates were raised inside JPMorgan Chase as far back as 2001, according to an internal company document seen by the Financial Times. Mr Rajaratnam and five others – including former employees of Bear Stearns, now part...
Tags: J.P. Morgan Chase & Co.
News items 2009-10-30
McKinsey, Akamai Open Probes in Galleon Scandal
By Gina KeatingLOS ANGELES (Reuters) - McKinsey & Co and Akamai Technologies Inc AKAM launched investigations on Wednesday into accusations by the U.S. government that some of their employees were linked to the Galleon Group insider-trading scandal.McKinsey said it was conducting an internal probe to see if senior executive Anil...
Tags: McKinsey & Co., Akamai Technologies Inc., Investment, Advanced Micro Devices Inc., Financial Services, Galleon Group, Hedge Fund Galleon, Intel Corp.
News items 2009-10-29
Former Hedge Fund Executive Charged By SEC
By Svea Herbst-BaylissBOSTON (Reuters) - A former top executive at hedge fund firm ValueAct Capital is one of seven people charged with trading on inside information in Acxiom Corp.Ronald Yee, who had been the San Francisco-based hedge fund firm's chief financial officer until June 2008, was named in a civil...
Tags: Hedge Fund, SEC, Investment, Financial Services, Finance, Ronald Yee, Us, ValueAct Capital
News items 2009-10-31
Former U.S. Hedge Fund Exec Charged
By Svea Herbst-BaylissBOSTON (Reuters UK) - A former top executive at hedge fund firm ValueAct Capital is one of seven people charged with trading on inside information in Acxiom ACXM.Ronald Yee, who had been the San Francisco-based hedge fund firm's chief financial officer until June 2008, was named in a...
Tags: Acxiom Corp., Hedge Fund, SEC, Investment, Financial Services, Finance, Ronald Yee, ValueAct Capital
News items 2009-10-31
SEC Charges Hedge Fund Advisor with Inside Trading
« SEC & CFTC Issue Report on Harmonizing Regulation of Futures and Securities | Main | SEC Charges Three with Running Ponzi Scheme Targeting Haitian-Americans in Florida » The SEC charged billionaire Raj Rajaratnam and his New York-based hedge fund advisory firm Galleon Management LP with engaging in a massive insider...
Tags: SEC
News items 2009-10-16
JP Morgan Raised Concerns About Galleon in 2001: Report
NEW YORK (Reuters) - JP Morgan Chase & Co JPM raised concerns about Galleon hedge fund founder Raj Rajaratnam and his associates as far back as 2001, the Financial Times reported, citing an internal company document seen by the newspaper.Rajaratnam, 52, was arrested on October 16 along with five others...
Tags: Financial Times, Hedge Fund, J.P. Morgan Chase & Co., Investment, Financial Services, Finance, Galleon, Us
News items 2009-10-30
Hedge Fund "king" Griffin Rebounding From Losses - Report
NEW YORK (Reuters UK) - Hedge fund manager Kenneth Griffin's Citadel Investment Group lost $8 billion (4.8 billion pounds) in clients' money last year, but is turning things around as markets recover and has made $5 billion in profits so far this year, the Wall Street Journal said on Wednesday.The...
Tags: Hedge Fund, Citadel Security Software, Investment, Financial Services, Finance, Oukbs
News items 2009-11-18
Hedge Fund "king" Griffin Rebounding From Losses - Report
NEW YORK (Reuters UK) - Hedge fund manager Kenneth Griffin's Citadel Investment Group lost $8 billion (4.8 billion pounds) in clients' money last year, but is turning things around as markets recover and has made $5 billion in profits so far this year, the Wall Street Journal said on Wednesday....
Tags: Citadel Security Software, Hedge Fund
News items 2009-11-18
Hedge Fund "king" Griffin Rebounding From Losses: Report
NEW YORK (Reuters) - Hedge fund manager Kenneth Griffin's Citadel Investment Group lost $8 billion in clients' money last year, but is turning things around as markets recover and has made $5 billion in profits so far this year, the Wall Street Journal said on Wednesday.The report said Griffin is...
Tags: Hedge Fund, Citadel Security Software, Investment, Financial Services, Finance, Us
News items 2009-11-19
Galleon founder charged with insider trading
US federal prosecutors have charged six people – including a prominent hedge fund manager, former Bear Stearns executives, and an executive at IBM – as part of an alleged $20m hedge fund insider trading scam. Officials said they would hold a press conference later on Friday to announce arrests. According...
Tags: executive, insider, IBM Corp., Hedge Fund, Bear Stearns & Co. Inc.
News items 2009-10-16
Galleon founder attacks wiretap
Raj Rajaratnam, the billionaire investor, offered a glimpse on Tuesday of how he plans to contest the insider trading allegations against him as he attacked prosecutors' use of court-authorised wiretaps and questioned the credibility of one of their key witnesses. Mr Rajaratnam, the founder of the Galleon hedge fund group,...
Tags: SEC, insider, investigation
News items 2009-11-24
Hedge funds fear wider crackdown
What prosecutors call the biggest insider trading case involving hedge funds is likely to implicate far more people than the six individuals charged on Friday. Raj Rajaratnam, founder of Galleon hedge fund, and present and former executives of Bear Stearns, IBM, Intel and McKinsey were accused of either passing on...
Tags: Moody's Corp., Hedge Fund, Bear Stearns & Co. Inc., Polycom Inc.
News items 2009-10-19
FBI makes more arrests in Galleon case
The investigation into the alleged insider trading scheme involving billionaire Raj Rajaratnam escalated on Thursday with federal prosecutors filing criminal charges against 14 individuals, including attorneys and Wall Street professionals. A press conference is expected to be held later on Thursday to detail the charges. Last month, Mr Rajaratnam –...
Tags: investigation, FBI, Insider
News items 2009-11-05
Ghost of Bear Stearns Hedge Fund Haunts Insider Trading Case
Matthew Goldstein submits: The ghost of Bear Stearns is still haunting Wall Street. Nineteen months after Bear Stearns collapsed, one of its former hedge funds, New Castle Funds, is at the center of a huge insider trading case that has ensnared Raj Rajaratnam and his onetime $5...
Tags: Financial, Matthew Goldstein, J.P. Morgan Chase & Co.
External links 2009-10-25
Galleon's reach
Raj can mean king or princely in Sanskrit and, until last week, Raj Rajaratnam lived up to his name on Wall Street. Sent as a child from his native Sri Lanka to be educated in Britain and America, Mr Rajaratnam was among the most successful of a wave of US...
Tags: information, SEC, Hedge Fund, Insider
News items 2009-10-23
Galleon moving assets into cash
Brokers to the Galleon Group – the hedge fund whose founder and president, Raj Rajaratnam, is at the centre of insider trading charges – report it is rapidly liquidating its investments in anticipation of a wave of investor redemptions. "They're selling down their positions and moving to cash – they've...
Tags: investment, Investor
News items 2009-10-20
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