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Galleon Tells Clients It Will Liquidate Hedge Funds

Galleon Tells Clients It Will Liquidate Hedge Funds

Raj Rajaratnam, the billionaire founder of Galleon Group charged last week by federal prosecutors with insider trading, told investors that he will liquidate his hedge funds. Galleon said it was exploring various alternatives for the business, according to a letter sent to investors today. Bloomberg's Erik Schatzker reports. (Source: Bloomberg)

Bloomberg | October 21, 2009Watch more videos from Bloomberg

Tags:. .rajaratnam. .galleon. .billionaire. .prosecutors. .erik

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