Ex-Galleon Trader To Write Tell-All Book

Dec 7 2011 | 10:11am ET

A former Galleon Group trader has signed a deal to write a memoir that will focus heavily on his relatively brief stint at the hedge fund brought down by insider-trading.

Turney Duff will receive more than $250,000 to write The Buy Side, which will cover the 41-year-old's entire career with a significant chunk dealing with his two years at Galleon, from 1999 until 2001. Crown Business, the publisher, describes the book as "a journey through the trading underworld as well as a look at after-hours Wall Street, where sex and drugs are the quid pro quo in a culture in which a billion isn't enough."

The book deal for Duff comes as his old boss, Galleon founder Raj Rajaratnam, begins his 11-year prison sentence for insider trading. Rajaratnam was convicted in May and reported to prison on Monday.

Duff was not implicated in any of Rajaratnam's illegal dealings.

The Buy Side is due in 2013.

Duff was a health care trader at Galleon, which he joined from Morgan Stanley. He left the hedge fund to co-found Argus Partners and joined hedge fund J.L. Berkowitz & Co. in 2007. He left that firm in 2009, in part to pursue his new career as a writer.

In Depth

Financial Industry Blockchain Consortium R3 To Open-Source Platform Code

Oct 20 2016 | 9:03pm ET

Bitcoin's blockchain technology has spawned a flurry of activity among fintech startups...


U.S. Trust's Beard: The Rapid Growth of the Art Lending Industry

Oct 7 2016 | 10:55pm ET

Alternative investment managers have emerged as some of the most significant art...

Guest Contributor

Hedge Fund Marketing – Tips for Your Initial Sales Meeting

Sep 29 2016 | 5:46pm ET

There are two main goals a hedge fund should have for an initial in-person sales...