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

GSAM's Papagiannis: Liquid Alternatives For The Long Run

Apr 21 2017 | 8:44pm ET

Interest in liquid alternatives cooled a bit last year amid a broad shift in investor...

Lifestyle

Aston Martin Returns To Debt Market As DB11 Drives Turnaround

Mar 31 2017 | 5:21pm ET

James Bond’s preferred carmaker is returning to the public debt markets for the...

Guest Contributor

Debunking Conventional Investment Wisdom (Part II)

Apr 17 2017 | 5:56pm ET

The alternative investment industry is currently replete with buzzwords around data...

 

From the current issue of