Raj Rajaratnam

Raj Rajaratnam is the founder of Galleon Group, a New York based hedge fund management firm. He is the richest Sri Lankan born person in the world. On October 16, 2009 he was arrested by the FBI on allegation of insider trading. Due to his arrest and subsequent release on bail, he has indicated that he will wind down his holdings in the Galleon fund by January 2010.

He was born in Sri Lanka, and according to the widely read newspaper the Island attended S. Thomas' College, Mount Lavinia, there are some websites that say he attended S. Thomas' Preparatory School, Kollupitiya,.. He then moved to England to complete his schooling, and studied engineering at the University of Sussex in England. Rajaratnam earned an M.B.A. from Wharton School of the University of Pennsylvania in 1983. He is married with three children.

According to Forbes magazine, Rajaratnam, a Tamil self-made billionaire hedge fund manager, is the 236th richest American in 2009, with an estimated net worth of $1.8 billion. He was ranked 262nd richest American in 2008, and as of early 2009, is the richest Sri Lankan born person in the world. As of 2009, his $1.2 billion Diversified Fund has returned 22.3%, according to an investor letter.

Rengan Rajaratnam Cleared, US Insider Trading Streak Snapped

After deliberating for less than four hours, a federal jury in New York found Rengan Rajaratnam, a former portfolio manager at Galleon, not guilty of the one conspiracy count he faced following the mid-trial dismissal by a judge of two more serious fraud charges.

First Wiretap Played At Gupta's Insider Trading Trial

A New York jury on Wednesday heard former Goldman director Rajat Gupta on a FBI wiretap casually discussing business with Raj Rajaratnam, the now-imprisoned hedge fund founder he is accused of tipping off about boardroom secrets.

Goldman Sachs employee under investigation

Federal prosecutors in California are investigating a Goldman Sachs employee for insider trading, according to prosecutors and defense lawyers who attended a hearing in U.S. federal court in New York on Thursday.

Ex-Goldman director Gupta loses wiretap ruling

Former Goldman Sachs Group Inc director Rajat Gupta lost his bid to suppress wiretap evidence from his upcoming criminal insider-trading trial on charges that he leaked boardroom secrets to hedge fund founder Raj Rajaratnam.

Goldman Sachs Source Leaked Apple, Intel Secrets: Reports

A source at Goldman Sachs Group Inc. who has been neither charged nor identified in a broad U.S. insider-trading probe was heard via wiretap leaking secrets about Apple Inc. and the Intel Corp., an attorney for former Goldman Sachs board member Rajat Gupta said in court on Friday.

Goldman person leaked Apple, Intel secrets: lawyer

A person at Goldman Sachs Group Inc, who has not been identified or charged in a broad U.S. insider-trading probe, was caught on a wiretap leaking secrets about Intel Corp and Apple Inc, a lawyer for accused former Goldman board member Rajat Gupta said in court on Friday.

Carlson says former manager got illegal tips

Carlson Capital, a hedge fund based in Dallas, said on Friday that one of its former portfolio managers had received inside information from a industry consultant who has been arrested and charged with illegally passing on inside information.

Hedge Fund Manager Charged With Insider Trading

A California-based hedge fund manager surrendered to FBI agents on insider-trading charges on Friday, the latest in a series of cases brought by the U.S. government in recent years against money managers and traders.

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