Galleon Group intends to sell Asian assets

Galleon Group is exploring the possibility of selling their units in Asia, among other options after the company's founder Radzharatnamu Raju (Raj Rajaratnam) last week were charged with insider trading, reports Bloomberg referring to informed sources.

The company plans to sell two of Singapore hedge fund with assets worth $ 500 million, however, according to the source, the Asian assets Galleon from the arrest of its head none of the investors' interest has not yet revealed.



Galleon, founded by billionaire Radzharatnamom in 1997, the beginning of the elimination of the main positions in response to investor demand to return the money. Assets Galleon has greatly decreased over the past few days: Investors took at least $ 1.3 billion from $ 3.7 billion, is managed by the company. Approximately $ 1 billion belongs to the staff Galleon, including Radzharatnama.

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