Hedge Funds

  • Indian hedge funds dare where foreign investors fear April 29, 2013

    Mumbai: Indian hedge fund manager Kalpesh Kinariwala is so sure of his equity strategies in a country that has stumped foreign rivals that he sends a daily email tracker of his performance including to competitors. Kinariwala's Capveda Capital (India) Advisory fund, which he runs from a modest office in...
  • Goldman CEO testifies at Rajat Gupta insider trial June 5, 2012

    New York: Lloyd Blankfein, the Chief Executive of Goldman Sachs Group Inc, told jurors at the insidertrading trial of one of the investment bank's former directors that "all parts" of a 2008 board meeting the two attended were confidential. "If something is discussed in a board meeting, it is confidential," Blankfein...
  • Rajaratnam gets 11 years jail for insider trading October 14, 2011

    Raj Rajaratnam, a selfmade hedge fund tycoon convicted in the biggest Wall Street trading scandal in a generation. ...
  • Judge denies Rajaratnam's bid to toss conviction August 17, 2011

    New York: Galleon Group hedge fund founder Raj Rajaratnam has lost a bid to have his conviction thrown out after he was found guilty on insider trading charges in May. US District Court Judge Richard Holwell on Tuesday denied Rajaratnam's renewed attempt for a judgment of acquittal on his conviction by...
  • US jury convicts 3 in hedge fund trial June 13, 2011

    New York: The second trial to result from a massive investigation into insider trading at hedge funds ended on Monday with the conviction of a trio of Wall Street traders on charges they paid hefty bribes to coax confidential information out of shady lawyers. A jury reached the verdict against stock...
  • Rajaratnam to be heard at next insider trial May 17, 2011

    New York: Convicted hedge fund tycoon Raj Rajaratnam is no longer on trial, but his voice is going to be heard again in court on at least one phone tap in the trial of his former employee, Zvi Goffer, potential jurors were told on Monday. Rajaratnam's name dominated the questioning of...
  • Rajaratnam convicted in insider trading case May 12, 2011

    New York: Raj Rajaratnam, the hedge fund boss accused of insider trading, was found guilty on Wednesday by a federal jury in New York of conspiracy and securities fraud. The conviction, announced in Manhattan federal court, is a significant victory for federal prosecutors, who have been cracking down on insider trading...
  • Rajaratnam trial: judge excludes video evidence April 5, 2011

    New York: A US judge hearing the insider trading case involving Raj Rajaratnam on Tuesday ruled that the prosecution could not submit as evidence videosurveillance footage that shows a former Intel Corp employee faxing confidential information to the Galleon group founder. Judge Richard Holwell ruled against the admissibility of the footage...
  • RajaratnamChiesi phone taps spice up trial April 5, 2011

    New York: The jury in the highprofile Raj Rajaratnam insider trading trial heard plenty of racy language on phone taps on Monday, even though the judge had deleted portions as being too risque. The prosecution played recordings in Manhattan federal court of a former trader, Danielle Chiesi, in conversations with Galleon...
  • Rajratnam made frantic calls on Goldman tiptrail May 18, 2011

    New York: Fund manager Raj Rajaratnam made $1 million in two minutes of frantic calls after receiving an inside tip about a big investment in Goldman Sachs Group Inc at the height of the financial crisis, prosecutors said at the Galleon founder's insider trading trial. In the biggest Wall Street insider...
  • Goldman CEO says exdirector spilled secrets March 24, 2011

    New York: Goldman Sachs Group Inc chief Lloyd Blankfein testified that a former director at Wall Street's most powerful bank violated confidentiality by leaking boardroom secrets to hedge fund manager Raj Rajaratnam. Blankfein was called to testify by prosecutors in Manhattan federal court about Goldman's results in 2008, and a crucial...
  • Rajaratnam's secretly recorded calls released March 12, 2011

    New York: Prosecutors in the US' biggest insider trading case have released tapes of conversations between main suspect Raj Rajaratnam and four of his alleged coconspirators, including two of Indian origin, in which he was allegedly receiving or directing stock tips. The secretly recorded telephone calls of 53yearold Sri Lankaborn billionaire...
  • Rajaratnam tapes to get lots of play at trial March 12, 2011

    New York: Regardless of whether Hedge Fund chief Raj Rajaratnam ends up testifying at his criminal trial, jurors are going to hear a lot from him. Testimony resumes on Monday in the biggest Wall Street insider trading trial in decades, with New York prosecutors expected to play more of the Galleon...
  • Morgan Stanley banker gave info to Rajaratnam January 22, 2011

    New York: US prosecutors said a Morgan Stanley banker leaked information regarding an upcoming takeover that ultimately was passed on to Galleon Group LLC founder Raj Rajaratnam, who faces insider trading charges. Prosecutors also unveiled on Friday a new indictment against Rajaratnam, which added a new securities fraud count and named...
  • NRI charged in biggest US insidertrading case January 11, 2011

    Washington: US Federal regulators have charged the cofounder of a New York hedge fund and three others including an Indian American executive in what has been called the biggest insidertrading case in US history. Sunil Bhalla, a former senior Indian American executive of tech company Polycom, was charged on Monday with...
  • Hedge fund operator Rajaratnam pleads not guilty in US December 22, 2009

    New York: Wealthy hedge fund operator Raj Rajaratnam and a codefendant pleaded not guilty on Tuesday to charges that they were major players in a scheme that used inside information to make stock trades that generated millions of dollars in profits. Prosecutors, who have described the...
  • Forbes India: The Insider deal November 16, 2009

    Its Unfair In the markets, everyone should have equal information. Those with early access to information will have an unfair advantage in making money. So, the regulator wants to be strict with inside traders. But as Girish Vanvari and Chirag Shah of KPMG argued in a Business Line article, it is...
  • US insider trading probe ensnares 14 more November 6, 2009

    New York: Fourteen people were charged with fraud and conspiracy in a dramatic widening of an insider trading scandal that has ensnared hedge fund managers, top Silicon Valley executives and a bevy of whiteshoe advisers. In complaints that read like scripts for the TV series The Sopranos, investigators alleged suspects dropped...
  • Tamil billionaire's arrest puts Sri Lanka on guard October 19, 2009

    Colombo: A Sri Lankanborn billionaire's arrest in the largest US hedge fund insider trading case triggered new scrutiny on Monday in his native country over the possibility his money found its way to Tamil rebels. US authorities on Friday charged Raj Rajaratnam, the 52yearold founder of the Galleon Group hedge fund,...
  • Insidertrading accused seeks leave from ISB October 19, 2009

    New Delhi: Anil Kumar, charged with other executives over the biggest hedge fund insidertrading scheme, has sought leave from the board of a top Indian business school that he helped set up. US investigators have charged billionaire hedge fund founder Raj Rajaratnam, Kumar and executives from prestigious US firms such as...
  • Lankan billionaire charged for fund scam in US October 18, 2009

    New York: Billionaire hedge fund founder Raj Rajaratnam and executives from some of the most prestigious US companies were charged on Friday with the largest hedge fund insidertrading scheme ever. Investigators said they used courtapproved telephone wire taps for the first time in a Wall Street insider trading case, sending...