Rajaratnam Says Law Misunderstood Hedge Fund Business
Bloomberg Businessweek
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How Do You Run a Hedge Fund?
I think what happened was the law enforcement people did not understand the hedge fund industry or the investment industry. 100 % of my trades that they alleged, we had an existingprecan positions before the alleged trip. At that time, the us Attorney, mister pret barrara, came up with his own theory of what incided trading should be and even he prosecuted. Five years after my conviction, the second circuit firmly rejected his theory. We've had a very few insider trading cases.
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