The Galleon Group, whose founder is accused of running a wide-ranging insider trading scheme, said in a letter to investors on Wednesday that it will begin winding down its hedge funds as it faces investor redemptions. Read the letter on DealBook.
By Michael J. de la Merced and Zachery Kouwe, New York Times
Tue, 10/20/2009 - 9:00pm
The Galleon Group, whose founder is accused of running a wide-ranging insider trading scheme, said in a letter to investors on Wednesday that it will begin winding down its hedge funds as it faces investor redemptions. Read the letter on DealBook.