Galleon floats on rising tide as big names sink


The strength of technology-oriented hedge funds was underscored in April by a NASDAQ that seemed to rise from the dead. In fact, the NASDAQ surged about 9.2% on the month, accounting for the bulk of the 9.6% gain for the benchmark on the year.

Apparently riding this wave was Raj Rajaratnam's Galleon Management, which saw a 3.3% rise in its Galleon Omni technology fund. Some of the more notable holdings in Galleon's portfolio of late have included Agere Systems, Apple Computer, and Atmel Corp, according to regulatory filings. Other mainstay names included were Microsoft, Intel and Broadcom. Another was