Galleon Group LLC made money when company revenue figures differed from the Wall Street consensus by using insider tips as an “edge,” a former portfolio manager testified at his ex-boss’s trial.
Adam Smith , the Scottish academic who fathered the dismal science, is a biographer’s nightmare.
Former Galleon Group LLC portfolio manager Adam Smith has provided “valuable” assistance as a “key” cooperating witness against Galleon co-founder Raj Rajaratnam, a U.S. prosecutor said today.
A lawyer for Galleon Group LLC co- founder Raj Rajaratnam sparred with Adam Smith , a former portfolio manager for the hedge-fund, over why the firm bought stock in ATI Technologies before a 2006 takeover.
Former Galleon Group LLC traders Adam Smith and Michael Cardillo pleaded guilty today and agreed to cooperate with prosecutors in insider-trading cases.
"We do not want to go into this on the side of Assad."
- Adam Smith on Aug 31, 2014