Concerns about Galleon dating back to 2001 (Headlines)
Concerns about the business practices of Galleon hedge fund founder Raj Rajaratnam and his associates were raised inside JPMorgan Chase as far back as 2001, the FT reports.
Picard estimates $21.2bn lost through Madoff scheme (Fund News)
Irving Picard, the trustee in charge of recovering assets from Bernard Madoffâ??s fraudulent investment operations, said on Wednesday $21.2bn had been lost through Madoff's Ponzi scheme, an amount far higher than was thought as recently as June.
Galleon paid banks millions for information edge (Headlines)
The Galleon hedge fund at the centre of an insider trading scandal paid hundreds of millions of dollars a year to its Wall Street banks and in return regularly received market information that would not have been disclosed to most investors, the FT reports.