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- 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...
- News items 2009-10-16
- 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...
- News items 2009-10-27
- 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...
- News items 2009-10-16
- 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...
- 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....
- 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...
- News items 2009-11-19
- 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,...
- News items 2009-11-10
- 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...
- News items 2009-10-23
- 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...
- News items 2009-10-28
- 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...
- News items 2009-10-20
- Galleon Surrenders Ship Even as Its Funds Surge
- By Joseph A. Giannone NEW YORK (Reuters) - The Galleon Group, caught up in the largest-ever hedge fund insider-trading scandal, is liquidating its funds even as investors enjoy one of the firm's best years. On Friday U.S. authorities arrested Galleon founder Raj Rajaratnam, New Castle Partners' Mark Kurland and four...
- News items 2009-10-21
- New Arrests in Galleon Case
- NEW YORK (Reuters UK) - Nine more people have been arrested in the Galleon Group insider-trading scandal, bringing to 15 the number charged in the biggest hedge fund-related case in history. The new arrests include Wall Street traders, lawyers and hedge fund managers, according to complaints filed in federal court...
- News items 2009-11-05
- Roomy Khan Tipped Several People in Galleon Case
- By Grant McCool and Jonathan StempelNEW YORK (Reuters) - Roomy Khan, one of several former traders cooperating with the prosecution of the biggest U.S. hedge fund insider trading case, told a judge she tipped several people at hedge funds with inside information on companies to make money from trades, according...
- News items 2009-11-12
- Roomy Khan Tipped Several People in Galleon Case
- By Grant McCool and Jonathan Stempel NEW YORK (Reuters) - Roomy Khan, one of several former traders cooperating with the prosecution of the biggest U.S. hedge fund insider trading case, told a judge she tipped several people at hedge funds with inside information on companies to make money from trades,...
- News items 2009-11-12
- Regulators Will Need A Solid Case To Sink Galleon's Founder
- For Galleon Group, a hedge fund firm whose lead portfolio manager has been accused of insider trading, the water just kept rising too fast around the ship's decks. But it is the regulators who are under pressure from an increasingly incensed public that ought to be careful how the game...
- Blog posts 2009-10-22
- 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...
- News items 2009-10-30
- Probe Widens in Galleon Case to SAC Capital
- CHICAGO (Reuters UK) - Federal prosecutors in the Galleon Group case have sent a subpoena to a former employee of Steven A. Cohen's SAC Capital Advisors, a sign that the scope of the problem into the largest hedge fund insider trading case in history is expanding, the Wall Street Journal...
- News items 2009-10-24
- Galleon scandal's executive conundrum
- NEW YORK Fortune -- When last week the federal government arrested Raj Rajaratnam of the Galleon Group for masterminding a $25 million insider-trading ring, the biggest head-scratcher was the inclusion of Anil Kumar in the government's complaint. Kumar is a director of consulting powerhouse McKinsey & Co., owner of one...
- News items 2009-10-23
- New York agog at Galleon insider dealing allegations
- The Galleon Group insider trading scandal continues to grip New York two weeks after fraud and conspiracy charges were brought against Raj Rajaratnam, co-founder and one of America's richest men, and five others. Prosecutors allege that the defendants generated more than $25 million in illicit gains by exchanging privileged information...
- News items 2009-10-30
- Galleon to unwind hedge funds
- Galleon, the hedge fund at the centre of insider trading allegations involving its founder and president Raj Rajaratnam, is winding down its funds. Mr Rajaratnam, who was last week accused of insider trading, told clients in a letter sent on Wednesday morning that it was in the "best interest" of...
- News items 2009-10-21
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