So this week Anil Kumar testified in the "Galleon Insider Trading Case". Kumar, a former financial consultant has already plead guilty to securities charges and is cooperating with the Prosecution.
In his testimony Kumar stated that he provided "hot " insider info to Rajaratnam on the ATI Technologies Inc merger, and that Raj paid him a million. Probably cash. If proved , that testimony alone will be sufficent to convict the former hedge fund magnate. We shall see how Kumar survives cross-examination!
Stay tuned!
Showing posts with label hedge funds. Show all posts
Showing posts with label hedge funds. Show all posts
Thursday, March 17, 2011
Thursday, November 18, 2010
More and more Hedge Funds getting into the act.
Litigation funding has now been around for 15-17 years. What started out with a handfull of small mom and pop companies...has now turned into a "billion dollar industry". Where has the infusion of cash come from? Large banks, wall street, wealthy individuals, insurance companies and hedge funds.
These large sources of capital have come to realize that while stocks, bonds, currency , futures, commodities , puts and calls may be traditional investments, swings in the economy will ultimately control their value; while litigation funding will actually operate in a vacuum, independent of the local, national and world economies. In fact an argument can be made that funding will actually increase during economic downswings..
Your thoughts?
These large sources of capital have come to realize that while stocks, bonds, currency , futures, commodities , puts and calls may be traditional investments, swings in the economy will ultimately control their value; while litigation funding will actually operate in a vacuum, independent of the local, national and world economies. In fact an argument can be made that funding will actually increase during economic downswings..
Your thoughts?
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