Rajaratnam’s guilty shame may dirty hedge funds
Lawyers give their reaction to the insider trading verdict and consider how it will impact Asia.
They got him. A US jury has convicted Raj Rajaratnam, the billionaire co-founder of the Galleon Group, on all 14 counts of insider trading. The disgraced hedge fund manager now faces up to 20 years in jail.
It emerged that his edge was not gained by rigorous top-down and bottom-up analysis, but by cheating. What does his dishonour mean for Asian hedge funds?
If you had a dollar for every insider trading conviction in Asia, you would still be poor. This could imply one of two thi…
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