Wednesday, 26 November 2014
Last updated 12 hours 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.
Nov 4 2014 | 9:45am ET
Data management is important to every business, but for hedge funds, it is critical. FINalternatives recently asked Peter Sanchez, CEO of Northern Trust Hedge Fund Services, how fund managers can deal with the demands of managing data while at the same time remain transparent and abide by operational best practices. Read more…
Reg NMS created a huge bifurcation in equity markets and while much of what has followed has been positive, in terms of lower fees and greater liquidity, many traders would like to see the market come...