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Money managers under the microscope

from DealZone:

Spitzer: S.E.C. still asleep at the switch

Former New York Governor at a September 2009 conference

Former New York Governor Eliot Spitzer at a September 2009 conference

Seems like old times. 

Eliot Spitzer, who rose to national prominence in 2002 when he forced a sleepy S.E.C. to crack down on conflicted analyst research,  is none too pleased to hear that his old rivals recently joined 12 Wall Street banks in seeking to knock big holes in that wall.

Asked for his thoughts on this Wall Street Journal article that broke the news, this is what he had to tell Reuters in an exclusive interview:

Morning line-up

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Hedge fund stories from the past 24 hours from Reuters and elsewhere:

rtxcg5sSEC war on hedge’s derivatives – NY Post

Hedge funds could nab $11 bln from Lehman – Alphaville

Galleon brought down by beauty queen – Huffington Post

Hedgies pump up stock exposure – Reuters

Hedge fund giants get gold bug – WSJ

Do you hold any stock from the Galleon portfolio?

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New YorkRaj 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

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