Fund Boss Built Empire on Charm, Smarts and Information

WSJ  – Raj Rajaratnam liked to tell people that his first name meant “king” in Hindi, and, coupled with his last name, that made him “king of kings.”

He told the story with the broad, toothy smile that had ingratiated him to a generation of Silicon Valley executives. The grin softened the edge of a boss who’d call you an “idiot” or prod you into some humiliating stunt: Would you take $5,000 to be shocked with a stun gun?

In a mansion on a manmade island in Biscayne Bay in February 2007, Mr. Rajaratnam seemed determined to live up to his regal description of his name. It was Super Bowl weekend, and America’s rich and powerful had descended on South Florida to watch the Indianapolis Colts play the Chicago Bears. Mostly they were there to do business. Mr. Rajaratnam’s business was running a hedge fund, Galleon Group, that had made him a billionaire. And that business was based on contacts.

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