Galleon group, the hedge fund group run by former tech analyst raj rajaratnam, told employees and investors in a letter that the company is winding down all of its funds, the wall street journal reports. Raj rajaratnam, billionaire founder of the galleon group, a major hedge fund, is led in handcuffs from fbi headquarters the galleon group insider-trading scandal has. The galleon group was once one of the largest hedge funds in the world with around $7 billion in assets under management at its peak in 2007 the fund was known for its profitability in the trading of technology stocks.
For seasoned defense lawyer john dowd, the insider trading trial of galleon group hedge fund founder raj rajaratnam is one more big assignment in a long career of high-profile cases. Learn about raj rajaratnam, arrested for insider trading in 2009 as part of the largest ever case against a hedge fund later buy the fund, and rename it galleon. Research assistance by claire schneiderman the story of galleon group, the hedge fund at the heart of the biggest insider-trad.
Raj rajaratnam, a billionaire hedge-fund impresario who built his fortune in the relentless cultivation of corporate contacts, galleon group conclusion. Following a two-month trial, raj rajaratnam, the former head of the galleon group hedge fund that once managed $7bn, has been found guilty on 14 counts of securities fraud and conspiracy. In october 2009, the justice department charged raj rajaratnam, a new york hedge fund manager, with insider trading.The galleon group was one of the largest hedge fund management firms in the world, managing over $7 billion, before closing in october 2009 the firm was the center of a 2009 insider trading scandal. Galleon group hedge fund founder raj rajaratnam was found guilty on all 14 conspiracy and securities fraud charges of insider trading on wednesday,. Raj rajaratnam, former chief of the galleon group, the largest insider-trading case in decades snares a giant hedge fund. The billionaire chief of the galleon group hedge fund is the most prominent figure convicted in the government’s crackdown on insider trading on wall street. Raj rajaratnam wasn’t the only one who gave now-defunct hedge fund firm galleon group a bad name. Hedge-fund giant galleon group, facing heavy investor withdrawal requests after friday's arrest of co-founder raj rajaratnam, moved to unload some of its technology stocks and other holdings to raise cash. The story of the galleon group, the hedge fund at the heart of the biggest insider trading scandal in decades, has plenty of colorful characters. Preet bharara, the united states attorney for the southern district of new york, announced that ali far, a former employee of galleon group and founder/portfolio manager of spherix capital partners, was sentenced today to one year of probation for his participation in multiple insider trading. 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. The us hedge fund galleon group is winding down its operations after suffering a rash of client withdrawals following the arrest of its billionaire founder, raj rajaratnam, on $20m (£12m) insider dealing charges.
The arrest of hedge fund millionaire raj rajaratnam on charges that he and his $7 billion galleon group hedge fund profited from illegal insider trading will no doubt feed suspicion in some corners about the way hedge funds generate fat profits. The never ending criminal probe into the hedge fund sector mess that started when galleon group founder raj rajaratman was busted is rolling along. It's been a little while since we checked in on the happenings at the current circus known as galleon group so we wanted to galleon group, hedge fund. The new york hedge fund billionaire indicted rajaratnam is accused of operating an elaborate insider trading operation through his galleon group hedge fund,.
Galleon scandal's executive conundrum kumar was also an investor in a hedge fund associated with the galleon group. Galleon group is shutting down its hedge funds in the wake of insider trading charges against the firm’s billionaire founder raj rajaratnam. After a 12-year-long investigation, hedge fund trader and co-founder of galleon group, raj rajaratnam, was arrested early on a friday morning in october 2009, charged with partaking in one of the biggest insider trading cases in us history.
Galleon group hedge fund manager latest breaking news, pictures, videos, and special reports from the economic times galleon group hedge fund manager blogs, comments and archive news on economictimescom. Raj rajaratnam — galleon group founder news about raj rajaratnam — galleon group founder convicted in insider trading sec charges fund manager. Browse galleon group hedge fund manager raj rajaratnam's insider trading trial starts latest photos view images and find out more about galleon group hedge fund manager raj rajaratnam's insider trading trial starts at getty images. The galleon group was one of the largest hedge fund management firms in the world, managing over $7 billion, before closing in october 2009  the firm was the center of a 2009 insider trading scandal.