Galleon Tells Clients It Will Liquidate Hedge Funds: Video

Oct. 21 (Bloomberg) -- Raj Rajaratnam, the billionaire founder of Galleon Group charged last week...  More »

Oct. 21 (Bloomberg) -- 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)  « Less