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Who is Raj Rajaratnam?
Bloomberg weighs in with a colorful profile of Raj Rajaratnam, the head of Galleon Group and the big fish in the massive insider trading ring that was just broken up. He was long known for demanding that his analysts and traders have "an edge." Which sounds very Ivan Boesky-like or even Gordon Gekko-like.
In many ways, this reminds me of those 1980s scandals, on an even more massive scale, but it all worked for him as he built his $1.3 billion net worth. It seems at some point, he crossed the line, according to the prosecution anyway.
What I'd like to know more about is the two fund managers who turned on him. There were apparently lots of suspicions about Ali Far and Choo Beng Lee. When they shut down their California hedge fund, people really got nervous. I wonder how the Feds got to them? I wonder what their deal was? One suspects they might have been caught violating the law and then turned.
For more:
- here's the Bloomberg article
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