1. News Rocks Hedge Funds.
- Author
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Zuckerman, Greogory, Eder, Steve, and Pilon, Mary
- Subjects
- *
ACTIONS & defenses (Law) , *INSIDER trading in securities , *HEDGE funds - Abstract
The article discusses the reaction of attendees at a hedge-fund convention in Las Vegas, Nevada to news that Raj Rajaratnam of the hedge fund Galleon Group had been found guilty of charges related to insider trading. Some said funds that use strategies similar to those employed by Galleon could come under closer government scrutiny. Lee S. Ainslie III of hedge fund Maverick Capital said a verdict of not guilty would have provoked criticism of the industry.
- Published
- 2011