New York (HedgeCo.net) – In a letter first made public by Reuters today to Galleon employees and clients, Raj Rajaratnam, who has been released on bail, said “I have decided that it is now in the best interest of our investors and employees to conduct an orderly wind down of Galleon\u2019s funds while we explore various alternatives for our business.”<\/p>\n
His bail was set at $100 million.\u00a0 He said,\u00a0 regarding\u00a0 the charges, that, “they are, without exception, entirely baseless. I am innocent and will vigorously defend myself and our firm.”<\/p>\n
“The privilege of managing investors\u2019 capital is a responsibility that I have always taken very seriously.\u00a0 I want to reiterate that I am innocent of all charges and will defend myself against these accusations with the same intensity and focus I have brought to managing our investors\u2019 capital.” Rajartnam concluded.<\/p>\n
Alex Akesson New York (HedgeCo.net) – In a letter first made public by Reuters today to Galleon employees and clients, Raj Rajaratnam, who has been released on bail, said “I have decided that it is now in the best interest of our […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[1004,4503,11148,11708,6937],"class_list":["post-12617","post","type-post","status-publish","format-standard","hentry","category-hedgeco-news","tag-accredited-investors","tag-accusations","tag-hedge-fund","tag-hedge-funds","tag-investors-capital"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/12617","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=12617"}],"version-history":[{"count":3,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/12617\/revisions"}],"predecessor-version":[{"id":12619,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/12617\/revisions\/12619"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=12617"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=12617"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=12617"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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