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Galleon Fears Raised in 2001

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ALL HAT, NO COWBOY
"Concerns about the business practices of Galleon hedge fund founder Raj Rajaratnam and his associates were raised inside JPMorgan Chase as far back as 2001, according to an internal company document seen by the Financial Times," the newspaper reported. "The 2001 “call note” written by an analyst at JPMorgan’s alternative asset management arm said the unit “should reduce our allocation” in Galleon’s flagship technology fund, citing what it described as “more negative news about Raj and his cohorts”."
SOURCE:   Financial Times

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