Hedge Funds

Galleon to roll out emerging markets tech fund


#New York's Galleon Group is getting ready to debut an emerging markets technology strategy that has been incubating for about a year. The fund, which will begin taking in outside capital on September 1, will be managed by Galleon's head honcho and founder Raj Rajaratnam.

Rajaratnam has been trading Galleon Emerging Markets Technology Fund internally since July 2005 with some $75 million in proprietary capital and has expanded Galleon's research team to include investment professionals in India, Taiwan and China to support his efforts. It also has a dedicated trader housed at its New York headquarters. In its first