Galleon To Open Singapore Office

Apr 24 2008 | 2:18pm ET

New York-based Galleon Group plans to open a Singapore office to run its two-year-old Asian long/short equity hedge fund.

The firm is hiring Asian experts for the new office, which will also look into new business ventures, Reuters reports.

Galleon, founded in 1997 by Raj Rajaratnam, manages US$7.5 billion. The Asian fund manages US$1.1 billion.


In Depth

Steinbrugge: Top 10 Hedge Fund Industry Trends for 2017

Jan 3 2017 | 9:03pm ET

Each year, Agecroft Partners' Don Steinbrugge predicts the top hedge fund industry...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

DarcMatter: The Top Trends in Alternative Investments for 2017

Jan 13 2017 | 8:22pm ET

The $7 trillion alternative investments industry is poised for continued growth...

 

From the current issue of

The U.S. Commodity Futures Trading Commission (CFTC) ordered The Goldman Sachs Group Inc., and Goldman, Sachs & Co. to pay a $120 million penalty for attempted manipulation and false reporting of ISDAFIX Benchmark Rates, a global benchmark for interest rate products.