Galleon Shuttered On Insider Trading Charges
More News related to AAPL
- Four Horse of Tech December option implied volatility: AAPL, RIMM, GOOG, AMZN
- Skymark Research Initiates Independent Research Coverage on Apple, Inc.
- iPhone and iPod Touch Users Log In and Branch Out With New NTRconnect Remote Access to Business and Home Computers
- AT&T Aims to Speed Dial Earnings for Investors - Barron's (T, AAPL, VZ, CMCSA, TWC)
- Active equity option families in first 30 minutes of trading according to Track Data are: C BAC GE AAPL.
More News related to BAC
- Copano Energy to Present at the Bank of America Merrill Lynch Credit Conference
- Maturing Debt Could Strangle Banks (C, BAC, JPM)
- Blockbuster to Present at the Bank of America Merrill Lynch Credit Conference
- Bank of America Exceeds $1 Billion in Lending and Investing to Community Lenders
- Bank of America Program Helps 100,000 Subprime, Option-ARM Borrowers Avoid Foreclosure in First 10 Months of Outreach
More News related to CSCO
- Malaysian Students Rule Cisco's Asia Pacific Skills Competition
- Skymark Research Initiates Independent Research Coverage on Cisco
- Enter the Cisco 'Christmas Connections' Contest in Australia and New Zealand
- Retired Four Horseman of Tech option implied volatility: MSFT, CSCO, DELL, INTC
- Cisco Router Sent Into Space Aboard Intelsat Satellite
More News related to Hot List
- Maxim Group Initiates Coverage on Golden Green Enterprises (CHOP) with a Buy
- Hilliard Lyons Initiates Coveage on Approach Resources (AREX) with a Buy
- Wells Fargo Transfers Coverage on Intuitive Surgical (ISRG) to a Market Perform; Raises Valuation Range
- Wedbush Initiates Coverage on Coinstar (CSTR) with an Outperform
- Thomas Weisel Starts FARO Tech. (FARO) at Overweight, $24 Price Target
Today we learned that Galleon Group will wind down all of its hedge funds, after founder Raj Rajaratnam was arrested Friday in a massive insider trading case.
In a letter to clients today, Rajaratnam said he has decided that it is now in the best interest of investors and employees to conduct an orderly wind down of Galleon's funds while we explore various alternatives for our business.
Rajaratnam also claimed again that he is innocent of all charges and "will defend myself against these accusations with the same intensity and focus I have brought to managing our investors' capital."
Some of Galleon's largest holdings at the quarter ended June 30, 2009 were as follows:
- eBay (Nasdaq: EBAY) 4,740,000 shares
- Apple (Nasdaq: AAPL) 416,491 shares
- Google (Nasdaq: GOOG) 140,800 shares
- OSI Pharma (Nasdaq: OSIP) 1,647,633 shares
- Bank of America (NYSE: BAC) 2,483,500 shares
- JP Morgan Chase (NYSE: JPM) 909,845 shares
- Cisco (Nasdaq: CSCO) 1,608,307 shares
- Dell (Nasdaq: DELL) 2,082,373 shares
- EMC (NYSE: EMC) 1,649,404 shares
- Congnizant Tech (Nasdaq: CTSH) 694,800 shares
- Verisign (Nasdaq: VRSN) 1,090,978 shares
- NVIDIA (Nasdaq: NVDA) 1,915,195 shares
- Pepsi Bottling (NYSE: PBG) 622,500 shares
- Intel (Nasdaq: INTC) 1,144,500 shares
- Teradyne (NYSE: TER) 2,244,512 shares
- Ford (NYSE: F) 2,960,041 shares.
These position will now likely all be sold if they haven't been already.
Get the News That Moves Stocks Free Trial http://www.streetinsider.com/premium_content.php
Related Categories
Hot ListInsiders' Blog
Stocks Mentioned
-0.25
+0.00Related Entities
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
