Galleon Wind-Down Of Hedge Funds Is ‘Largely Complete’ -Source
Wednesday, October 28, 2009 : PermalinkWSJ – Galleon Group’s liquidation of its hedge funds’ portfolios is “largely complete,” a person familiar with the matter told Dow Jones Newswires on Tuesday.
The person said that the liquidation was done under “very difficult conditions,” considering Raj Rajaratnam’s hedge fund firm had about $3.7 billion under management as recently as two weeks ago.
Some of Galleon’s largest positions were in big companies like Apple Inc. (AAPL) and Google Inc. (GOOG), but it also had positions in non-mega-cap stocks, like OSI Pharmaceuticals Inc. (OSIP).
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