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Message: klaus

Re: klaus

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posted on Oct 19, 2009 09:47PM

Your're up late.....My wifes out so i thought I'd go thru some sights to expand my knowledge..lol.....found this art. on the hedge fund guy raj....wonder how it will effect some stocks as he raises cash.....

BY SUSAN PULLIAM AND GREGORY ZUCKERMAN

Hedge-fund giant Galleon Group, facing heavy investor withdrawal requests after Friday's arrest of co-founder Raj Rajaratnam, moved to unload some of its technology stocks and other holdings to raise cash.

Investors have sought to withdraw about $1.3 billion of the $3.7 billion in assets Galleon manages, traders say. Moreover, two of the brokerage firms Galleon normally deals with, Bank of America Merrill Lynch and Barclays PLC, have told Galleon they will no longer trade securities positions with the fund firm, according to a person close to the situation.

Both Merrill and Barclays declined to comment, as did Galleon Group.

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