Friday, 24 October 2014
Last updated 37 min ago
Mar 14 2011 | 2:01pm ET
Unsurprisingly, more than a few Galleon Group and former Galleon Group employees appear on a list of possible witnesses in the insider-trading trial of firm founder Raj Rajaratnam. But the appearance of Robert Harrington among the 112 potential witnesses certainly surprised Harrington himself.
Harrington, who now works at hedge fund Jabre Capital Partners in Geneva, Switzerland, said that neither he nor his new firm had been contacted by either the prosecution or by Rajaratnam's defense team.
"No one from any organization or entity has contacted me about this issue," he told MarketWatch. And neither the U.S. Attorney's office nor Rajaratnam's legal team would comment on Harrington's appearance on the list.
Philippe Riachi, a managing partner at Jabre Capital, also told MarketWatch he hadn't heard anything about Harrington.
"We have not had any regulator conduct an investigation," he said.
Harrington left Galleon in 2007, the same year that Philippe Jabre, a former star trader at GLG Partners, founded his eponymous hedge fund.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...