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S.E.C. Taps Hedge Fund Counsel to Lead UnitAmid reports of insider-trading schemes and Ponzi operations linked to hedge funds, the S.E.C. announced it had tapped hedge fund veteran Norm Champ as Associate Regional Director for Examinations at the agency's New York office. ... |
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Rajaratnam Said to Plan to Keep Sri Lanka AssetsRaj Rajaratnam, the biggest investor in Sri Lanka's stock market, has no immediate plans to sell holdings in the south Asian nation after insider-trading charges in the U.S., a person familiar with the matter told Bloomberg News. ... |
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New Castle Lowering Fees Amid CaseNew Castle is lowering fees and restructuring its hedge funds as it tries to convince investors to keep their money in place amid allegations in the Galleon insider-trading case. ... |
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Galleon Group sells majority of holdingsGalleon Group LLC, the hedge-fund firm that's liquidating after billionaire founder Raj Rajaratnam was charged with insider trading, sold more than 90 percent of its investments, according to a person familiar with the matter. The holdings were sol... ... |
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DealBook: Rajaratnam Changes His Defense CounselThe hedge fund billionaire accused of participating in a wide-ranging insider-trading scheme changed his defense counsel from the law firm Gibson, Dunn & Crutcher to Akin, Gump, Strauss, Hauer & Feld. ... |
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Judge Sets Timeline for Galleon TrialThe judge wants the SEC's civil insider-trading case against Galleon founder Raj Rajaratnam ready to go to trial within five months of a Nov. 4 status conference. ... |

