Comments on: It happens all the time http://www.diyhedgefundsonline.com/2009/10/27/it-happens-all-the-time/ You are just as smart Thu, 29 Oct 2009 22:43:17 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: JayJay http://www.diyhedgefundsonline.com/2009/10/27/it-happens-all-the-time/comment-page-1/#comment-15 JayJay Thu, 29 Oct 2009 22:43:17 +0000 http://www.diyhedgefundsonline.com/?p=482#comment-15 From the Financial Times: October 28 2009 "The Galleon hedge fund at the centre of an insider trading scandal paid hundreds of millions of dollars a year to its Wall Street banks and in return regularly received market information that would not have been disclosed to most investors, executives familiar with the matter say." From the Financial Times: October 28 2009

“The Galleon hedge fund at the centre of an insider trading scandal paid hundreds of millions of dollars a year to its Wall Street banks and in return regularly received market information that would not have been disclosed to most investors, executives familiar with the matter say.”

]]> By: thebear http://www.diyhedgefundsonline.com/2009/10/27/it-happens-all-the-time/comment-page-1/#comment-14 thebear Wed, 28 Oct 2009 01:34:53 +0000 http://www.diyhedgefundsonline.com/?p=482#comment-14 it is reasonable to assume that Galleon committed much larger insider trades than what they have been legally accused of, but that the govt probably didn't have enough evidence on the other trades. professional investors do all sorts of activities to get inside information, including meeting with executives, calling salespeople at companies, discovering what deals their banks are working on, tracking where the M&A guy is traveling or meeting with regularly, having spies date secretaries of the executives, etc. it is reasonable to assume that Galleon committed much larger insider trades than what they have been legally accused of, but that the govt probably didn’t have enough evidence on the other trades. professional investors do all sorts of activities to get inside information, including meeting with executives, calling salespeople at companies, discovering what deals their banks are working on, tracking where the M&A guy is traveling or meeting with regularly, having spies date secretaries of the executives, etc.

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