Results tagged “investments”

Even though he's claiming he's innocent of insider trading charges, billionaire Raj Rajaratnam is liquidating his Galleon Group hedge fund and preparing to shut it down. In a letter sent to investors, Rajaratnam wrote, "I want to reassure investors of the liquidity of our funds and assure Galleon employees that we are seeking the best way to keep together what I believe is the best long/short equity team in the business. I want to reiterate that I am innocent of all the charges."

Former Gov. Eliot Spitzer seems to have turned the corner after resigning from his Albany office in the middle of a prostitution scandal. And instead of whiling away his summer at the beach, the Steamroller is planning on establishing an investment fund that will focus on turning people's failed dreams into cold hard cash for himself.