Accused Rajaratnam Tipster Fired By Morgan Stanley

Oct 7 2011 | 11:07am ET

A Morgan Stanley banker identified as a source of insider information during Galleon Group founder Raj Rajaratnam's trial earlier this year has been fired.

Kamal Ahmed was let go in May, two months after his name surfaced at Rajaratnam's trial. Morgan Stanley said that Ahmed, who worked in California, was found to have violated its disclosure policies following an internal investigation, the Financial Times reports.

Ahmed was fingered by former Galleon portfolio manager Adam Smith, who testified against Rajaratnam. Smith said he had received confidential information about several companies from Ahmed that he passed along to his boss.

Ahmed has not been charged with any wrongdoing by the authorities.


In Depth

Q&A: Filippo Pignatti Morano On The Ultimate Alternative Investment...Classic Cars

Jan 29 2015 | 12:37pm ET

In 2011, Filippo Pignatti Morano launched a fund to invest in classic cars. FINalternatives...

Lifestyle

Looking For A Hedge Fund Manager? Try Davos

Jan 28 2015 | 8:48am ET

Davos, Switzerland seems to have become the hedge fund capital of the world—at...

Guest Contributor

From Switzerland With Love: Some Hard Truths About Central Banks And Risk

Jan 23 2015 | 7:54am ET

In the wake of the Swiss National Bank uncoupling the country’s currency from...

 

Editor's Note