Galleon Informant Surfaces (WSJ)
Roomy Khan, who worked for Galleon in the late 90s, is said to be “Tipper A.” In 2005, she asked Rajaratnam for another job. He didn’t give her one, but he did ask if she had any inside information about any companies (turns out the answer was yes). Investigators say the informant and Mr. Rajaratnam both traded shares of Polycom multiple times, as well as shares of two other companies where the informant allegedly got inside information: Hilton Hotels and Google Inc. Also, Kahn and her husband were sued by their housekeeper a few years ago.
Meriwether Setting Up New Hedge Fund (FT)
How much investor money can John Meriwether lose in one lifetime? Step right up and find out. Fresh off the success of JWM Partners and huffing on the fumes of the LTCM days, Meriwether is starting a third hedge fund, JM Advisors Management, to launch next year. It will reportedly use the same strategy as both LTCM and JWM to “make” money. Act now to get in on this can’t-lose opportunity.
TPG Plans To Return $20 Million In Fund Fees (WSJ)
Throwing investors a bone: “The gesture is TPG’s second concession this year, as it tries to shore up its relationships with investors who have committed billions of dollars with the private-equity firm but have seen little in the way of new deals or positive investment returns.”
Galleon managers in Asia explore buyout of fund (Reuters)
“Management buyout is the most logical option,” said one of the sources, who declined to be identified because the talks were not public.
Credit Suisse Posts Third Straight Quarterly Profit on Trading (Bloomberg)
Net income was 2.35 billion Swiss francs ($2.33 billion), compared with a loss of 1.26 billion francs in the year-earlier period, the Zurich-based bank said in a statement today. Brady Dougan is “confident” about the banks business model.
I think she could eat Meredith. There’ll be no leftovers.
Just because her name is Roomy doesn’t mean she shouldn’t watch her weight.
yea, so what Einstein said about the definition of insanity…
@wcburrs87
Room with a view? now there’s a movie I wouldn’t want to see.
Man, these Indians are just so benign. You pay them a pittance and they just shake their heads from left to right and do the work with not a care in the world.
I’m hiring!
She does look pretty roomy.
I’m going to give her the benefit of the doubt and just assume she is a huge Gene Simmons fan and has modeled her appearance after him.
I received an offer from Meriwether’s new hedge fund yesterday.
-Jeffrey Chiang
Meriwether will never stop till he has proved that he can remain solvent long after markets have become insolvent … what a piece of work
Nancy Pelosi sans makeup?
Kaaaaaaaaaaaaaaaaaahn!!!
When did Robert Smith from the Cure change his name to Roomy Khan? Hope it wasn’t one of those converted to Islam things.
I’d hit it.
I’d hit that.
Among the many things TGFD doesn’t understand about finance, one thing in particular has my interest lately. Perhaps someone can enlighten TGFD.
Take Credit Suisse for example. Their “profit on trading” got me to thinking.
I’ve read that leverage on Wall St. is now in the 20x range vice 30x last year.
My question is…Who’s lending them all that gambling money these days, and are the loans at next-to-nothing interest rates?
The Guy from Delaware
p.s. Guests@#13 & #14…Seriously, you two clowns need help.
From: Jeffery Chiang
To: Wall Street
Subject: FW: Galleon Fund Buyout
From: Raj-raj
To: J. Chiang
Subject: Galleon Fund Buyout
Yo Jeff, it was a pleasure skinny dipping in your pool yesterday. The water was so warm. Please take the keys to my fund as a token of my gratitude.
xoxo
Raj
@15
You are, TGFD (the taxpayer).
Does Roomy have a rap?
Does Roomy have a rap?
Wasn’t that the bald headed broad that was in the first Star Trek movie?
The glut of scumbags being flushed out of the woodwork is astounding.
And why is it that they are so damn ugly?! Must the uglies cheat to get ahead?!
She’s more than roomy. She’s spacious. I’d estimate about 5 cubic yards.
Who wants to see my bald beagle?
Dennis Kneale
“Roomy” doesn’t do justice. She fit like a clown shoe.
-BM
I’m pretty sure that’s John Lovitz in drag.
@Tax this is their idea of payback to the world that has mistreated them. since they were born.
What gives DB…no post about Rebecca Jarvis leaving CNBC? I’m heartbroken.
I’m firmly convinced that Johm Meriwether’s single, solitary purpose in life is to seperate fools from their money. In this light, we should celebrate him for doing the lord’s work, methinks.
That bitch looks like she died and nobody told her.
Also, out of pure curiosity, does anybody else besides me feel that ratting on somebody worth over $1Bill is similar to ratting on someone in the mob, aka they need witness protection or they will be kapputt? Plus Raj has that whole Sri Lankan gang at his access, I think this hoe needs to go into hiding.
-Extra on The Sopranos
That reuters story is wrong. The asia fund run by David out of Singapore doesn’t have $500m in it.He’s also not their CEO. See the October Galleon investor letter Bess was first to publish here. Also another Reuters story that just recaps from the Galleon Investor letter says:
“Singapore-based Asia Macro Fund, managing $185 million of investments across asset classes, is up less than 1 percent.”
http://www.reuters.com/article/ousivMolt/idUSTRE59K61R20091022
Nice to see Dealbreaker helping Reuters source their reporting.
Chained Heat 4, Bridgitte Nielsen as Chiesi and Rosie O’Donnell as Khan. Getting hard just thinking about the prison shower scenes.
2 black olives and a gob of cranberry jelly stuck in a gooey mass of bread dough.
@32 Topped with a wad of crotch hair out of the men’s communal shower drain at Sing Sing.
@13, @14
I’d hit it….with a 2×4.
I KNEW I HAD SEEN HER WORK BEFORE!!!
http://www.skinema.com/AlbinPrincessTorture.gif
Roomy down low.
I think 25 is right!
9.8 on the ugly-as-shit-o-meter.