As you’re aware, ten more people are expected to be charged with insider trading this week. Some of them may be connected to the Rajaratnam case. Others will be accused of dipping their wick elsewhere. The authorities refuse to give any hints as to who could potentially be perp-walking, forcing us to wildly speculate, since we can’t take the suspense! To that end, we’re just going to throw some stuff out there. Maybe it means something, maybe not! It’s all relative.
One of the cooperating witnesses in the Galleon case is Choo Beng Lee, who started Spherix Capital in March 2008, after working at Stratix Asset Management, a tech fund. Stratix was formed by SAC veterans Ian Goodman and Richard Grodin, and closed in December 2007, supposedly due to personal issues between the founders. Grodin then started Quadrum Capital, another tech-focused fund, around March 2008. We were told yesterday that Quadrum “abruptly” closed at some point last week. And apparently they really don’t want to talk about it, because the firm’s number is now out of service.
Update, 10/24: The WSJ has confirmed all of the above, and notes that Grodin had been subpoenaed for his trading records.
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- Use the Bloomberg command
NH BLG_DEALBREAKER <GO>
to access Dealbreaker
It’s not me biotches, and stop talking about my Zamboni.
-SC
bess levin i’m going to eat you alive.
-you know who
Quadrum doesn’t exist on Bloomberg and Richard Grodin is still listed at Stratix. Must have been quite the shop at Quadrum.
@3
We ran it out of my mom’s basement, using Scottrade as our prime broker.
-Quadrum Quant
@3 stratix closed in 2007. tell the fucking mayor to update his system.
http://www.finalternatives.com/node/3084
and Quadrum existed, until recently…
Bess, a word to the wise– you don’t want to dig further into this one.
-a friend in Stamford
So it WAS the Trannies……with the candlestick….in the library!!!!
I knew It!!!
– Cluso
@5 I’ll update things when I damn well please.
Dictator For Life MB
@7 I think Rich and Ian were out of 72 Cummings before Tranny-Gate.
SAC knows all.
True Story: AQR is the special project arm of SAC. The physical distance between the two firms was specifically calculated so as not to not affect the tilt and rotation of earth.
Why do you think both firms share 3 letter acronyms, eh, eh?
-Legacy Lehman Quant
You can take the Israelis out of Brooklyn , but can’t take the Brooklyn of the Israelis
@10 may your next attempt at hilarity be successful. godspeed.
@12 shut your dirty whore mouth!
12,
Get a sense of humor, you dolt.
-Not 10
Raj and Lil Wayne are going to tear up the jailhouse mixtape scene.
Of all the desks I have visited over the years, Galleon and Stratix seemed the most unnecessarily tense/high strung.
Ian looked liek he had been up for days every time I met him. Nice guy though.
Vendor Boy
(To the Rescue!)
One buy side fuckstick who chewed me out unnecessarily down – 38 to go.
Sell Side Desk Jockey
The difference b/w Galleon and SAC is Galleon used inside information from inside companies. SAC uses inside information from inside Wall St. They get tipped off on all sorts of stuff by the sell side itself, since they are such big commission payers. Stevie is too smart to go around messing with amateur fraudsters at IR firms, McKinsey, and the like.
The difference b/w Galleon and SAC is Galleon used inside information from inside companies. SAC uses inside information from inside Wall St. They get tipped off on all sorts of stuff by the sell side itself, since they are such big commission payers. Stevie is too smart to go around messing with amateur fraudsters at IR firms, McKinsey, and the like.
@18/19 what’s the difference b/t Galleon and SAC?
@15 – Chopped and “Screwed”!!!
http://74.125.155.132/search?q=cache:4IdMpyyCE7MJ:www.facebook.com/people/Richard-J-Johnson/604308953+site:facebook.com+604308953
Google cache of Richard J. Johnson’s deleted facebook page.
@15, bitter much?
http://74.125.155.132/search?q=cache:Sh6PeJuSutMJ:www.linkedin.com/pub/richard-j-johnson/5/b89/75+site:linkedin.com+Richard+J.+Johnson
Google Cache of Linked-in page. Get it before the cache expires, as the page has been wiped to read “Hand Model, Furniture Industry”
@22 the richard referred to in the post is richard grodin.
@24 awesome. he also spelled the name of the fucking fund incorrectly.
@24 how can that be real? is he drunk and updating his linkedin profile? under info about Stratix he wrote “we really rocked it.”
Galleon was a sponsor of the Grodin’s pet charity for Lyme disease. The more constant contributor was Goldman (sacks of coin).
http://www.turnthecorner.org/2005sponsors.htm
@20, a deep fryer, a shark in formaldehyde, some smokin’ trannies and about $16 bio?
@23 very bitter. My rap career hasn’t taken off because those Galleon boys have been hoggin all the top spots on the charts.
@17
You’re sellside, get used to it or go work with that Chiang fellow at McDonalds.
Is this our girl? If so, does Trivium have something to worry about?
http://www.linkedin.com/pub/roomy-khan/2/238/b52
@17
You’re sellside, get used to it or go work with that Chiang fellow at McDonalds.
the detective trail reads like an STD transmission flowchart.
@35 what?
This is why we need our H1B1 visa system, to keep the skilled workers in this country rather than our competitors.
@37 what the fuck does that have to do with anything? the guys referenced above are white males. insider trading knows no color.
holy shit bess called this thing.
http://online.wsj.com/article/SB125632433920204407.html
Bess did an excellent job of souring and reporting there were problems with Grodin’s firm and his ties to SAC capital. It looks like Susan Pulliam at the WSJ saw Dealbreaker’s story and figured it’s worth checking out. So I find it very disappointing that that the WSJ doesn’t have the editorial ethics to report that Dealbreaker was first to report news that Grodin had suddenly closed his fund this week. Don’t you?
it took the journal 2 days to copy this story? nice.
I think if any Dealbreaker readers also have a WSJ password to comment they should speak out on WSJ’s story and remind readers that Bess was first to this story. We need to hold them accountable for consistantly copying or out right stealing DB’s hard work.
“Probe Widening .. Ties to a Witness.”
Bess, you’re right: WSJ has become a straight-up smut factory.
@42/JT, someone did,
http://online.wsj.com/article/SB125632433920204407.html#articleTabs=comments#comment576416
nice work levin