Funds Hub
Money managers under the microscope
Morning Line-up
Hedge fund stories from the past 24 hours from Reuters and elsewhere:
Galleon 90 percent liquidated - Reuters
US House panel approves hedge fund bill – Reuters
Bear Stearns hedge fund manager told investors only ‘couple million’ redemptions on call- Bllomberg
Traders go short on Lloyds - Telegraph
Morning Line-up
Hedge fund stories from the past 24 hours from Reuters and elsewhere:
Galleon charges shine harsh light on hedge fund industry- Market Watch
US hedgie Cadogan inks spin off from Fortis - Reuters
Pellegrini says shorting U.S. debt ‘attractive bet’ - Bloomberg
Templeton’s Mobius sees more insider trading cases – Reuters
Morning Line-up
Hedge fund stories from the past 24 hours from Reuters and elsewhere:
Madoff friend Picower dead, found in pool – Reuters
Probe widening in Galleon case – WSJ
Hedge funds edge closer to recouping crisis losses – WSJ
UK hedgie loses out in sale of Irish Continental stake – Irish Independent
Hedge fund prices decline for fourth month, Hedgebay data show – Bloomberg
Morning Line-up
Hedge fund stories from the past 24 hours from Reuters and elsewhere:
Blackstone backs Asia-focused hedge fund – FT
Galleon managers in Asia eye fund buyout - Reuters
ECB warns EU plans could prompt exodus – Reuters
Polygon’s Correa plans Asia hedge fund - Bloomberg
Morning Line-up
Hedge fund stories from the past 24 hours from Reuters and elsewhere:
Galleon to liquidate funds, despite good returns- Reuters
Sweden attempts deal to drop EU cap on hedge fund borrowing- Reuters
Hedge funds set for record returns- Money Management
Lehman hedge funds customers can claim interim income- Times
Morning Line-up
Hedge fund stories from the past 24 hours from Reuters and elsewhere:
New Castle Partners walls off 2 accused inside traders- Reuters
Watchdogs onto hedge funds- Independent
Female hedge fund managers outperform male peers- Daily Mail
Do you hold any stock from the Galleon portfolio?
Raj Rajaratnam, billionaire founder of the Galleon Group hedge fund, was arrested Friday on charges of leading an insider trading scheme that generated more than $20 million in profit over the past few years.
Below are the top stocks of Galleon Management LP’s $1.95 billion of stock holdings as of June 30, based on Securities and Exchange Commission filings.
NAME STOCK SYMBOL MARKET VALUE SHARES HELD
EBay Inc <EBAY.O> $116.1 mln 4.74 mln
Apple Inc <APPL.O> $78.3 mln 416,491
Google Inc <GOOG.O> $77.4 mln 140,800
OSI Pharmaceuticals <OSIP.O> $52.6 mln 1.65 mln
Bank of America Corp <BAC.N> $42.9 mln 2.48 mln
JPMorgan Chase & Co <JPM.N> $41.9 mln 909,845
Cisco Systems Inc <CSCO.O> $38.6 mln 1.61 mln
SPDR Trust <SPY.P> $34.4 mln 316,000
Dell Inc <DELL.O> $31.8 mln 2.08 mln
EMC Corp <EMC.N> $29.6 mln 1.65 mln
