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Galleon Group
Latest Headlines
Latest Headlines
Are Rajaratnam investors the same as Madoff 'net winners'?
Should investors in the Galleon Group, which was run by the convicted insider trading criminal mastermind Raj Rajaratnam, suffer for the sins of the fund manager? That's a provocative question raised by a New York Times columnist, who intriguingly compares Galleon investors to investors in Ber
Questionable trades by SAC Capital
Bloomberg weighs on the Steven Cohen watch with an arresting piece that concludes SAC Capital was moving in and out of stocks "near the time of what prosecutors say was insider trading in the same shares by other hedge funds." This occurred 11 times between 2006 and 2009.
The stocks listed
Inside trading ex-IBM exec plays the victim
He was "manipulated" and "played" by a seductress who used her physical charms as part of a "business model" that preyed on big name executives willing to roll in the hay and offer up corporate secrets. It sounds like a promising screenplay. For shock value, the truth always trumps fantasy.
Th
SEC aims at hedge fund insider trading
Until recently, hedge funds ( hedge fund news) may have been comforted by the fact that relatively few major insider trading cases were aimed at hedge fund employees. But that has changed ferociously.
Several insider trading cases involving hedge funds were brought in the past year, and mor
First jail term in Galleon insider trading case
Are the dominoes now poised to fall? Mark Kurland--co-founder of New Castle Partners hedge fund ( hedge fund news) in Manhattan, who had pleaded guilty to conspiracy to commit securities fraud and securities fraud--was sentenced Friday to two years and three months in prison and ordered to forf
Goldman Sachs implicated in insider trading case
In a case running parallel with the massive effort against Galleon ( Galleon news) hedge fund founder Raj Rajaratnam ( Raj Rajaratnam news), prosecutors are also pursuing charges against Michael Kimelman, a former trader at Quad Capital and Incremental Capital. Kimelman was arrested and char
Warren Buffett offers support for Goldman Sachs
We noted recently that Warren Buffett ( Warren Buffett news) was in a tight spot on Goldman Sachs ( NYSE: GS ). He's seen as a defender of strong business ethics and he maintains a massive investment in Goldman Sachs. In a question and answer session at Berkshire Hathaway's annual shareho
SAC Capital rebounds, woos investors
To his credit, Steven Cohen, of SAC Capital, recognized that he couldn't just sit back after his disastrous 2008, when his flagship SAC Capital International fund lost 19 percent, its first loss ever. Before then, he had racked up average gains of 30 percent for 18 years. So he decided to open up
Goldman Sachs (GS) Earnings Q1 2010
View GS Q1 Earnings Report
Highlights:
The firm continued its leadership in investment banking, ranking first in worldwide announced and completed mergers and acquisitions (2) and public common stock offerings (3) for the year-to-date.
Fixed Income, Currency and Commodities
Goldman Sachs director implicated in Galleon investigation
The Galleon ( Galleon news) insider trading scandal has spread its tentacles to Goldman Sachs ( NYSE: GS ), where director Rajat Gupta has been implicated. Goldman Sachs is among the stocks in which regulators suspect insider trading. They are wondering if Gupta, who used to run McKinsey &
