 | |
| Industry | Investment management |
|---|---|
| Founded | 1997 |
| Founder | Raj Rajaratnam Ari Arjavalingam Gary Rosenbach Krishen Sud |
| Defunct | October 21, 2009 |
| Headquarters | New York City, U.S. |
Key people | Raj Rajaratnam (investing) Gary Rosenbach (trading) |
| Products | Hedge fund |
| AUM | over $7 billion (peak) |
| Website | www.galleongrp.com |
The Galleon Group was one of the largest hedge fund management firms in the world, managing over $7 billion, before closing in October 2009.[1] The firm was the epicenter of a 2009 insider trading scandal which subsequently led to its fall.[2][3]
The firm was founded by Ari Arjavalingam, Gary Rosenbach, Krishen Sud, and Raj Rajaratnam, a former equity research analyst and eventual president of Needham & Company, in 1997.[4][5] The New York headquartered firm was named for the galleon, a large sailing ship used from the 16th to 18th centuries by European traders and explorers, especially from Spain.
The rise and fall of Galleon has been the subject of a number of books including The Billionaire's Apprentice (by Anita Raghavan, a journalist with The Wall Street Journal).[6]
- ^ "Galleon to Wind Down Hedge Funds". The Wall Street Journal. 2009-10-21. Retrieved 2024-10-18.
- ^ Raghavan, Anita (2015). The Billionaire's Apprentice: The Rise of The Indian-American Elite and The Fall of The Galleon Hedge Fund. New York: Grand Central Publishing. ISBN 978-1-4555-0401-5.
- ^ Galleon Clients Abandon Ship. The Wall Street Journal, October 21, 2009
- ^ "General Information". Teksia. Archived from the original on 2011-07-16. Retrieved 2009-02-19.
- ^ "Who is the Galleon Group?". SiliconIran. Archived from the original on 2009-02-08. Retrieved 2009-02-19.
- ^ "Book review - The Billionaire's Apprentice - Shortlist, FT and MCKinsey Book of the year award". Financial Times. 1 January 2014. Retrieved 31 October 2018.