Hedge Funds

Raj Rajaratnam's travels

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Raj Rajaratnam has steered his ship through rough seas before. But the departure of a senior partner, the closure of a big fund and losses at his two main funds are leading him into uncharted waters as he opens Asian macro and private equity funds. Can he admiral an entire fleet?

Raj Rajaratnam sails into uncharted waters with Asian macro and private equity funds

By Julie Dalla-Costa

Galleon Group's Raj Rajaratnam is no stranger to rough seas. The technology captain steered his hedge fund firm through the last market crash, the departure of one of his shipmates and a number of lawsuits, including one settled with the Securities and Exchange Commission in 2005. Now Rajaratnam faces a new storm - the departure of another senior partner, the closure of a big fund and losses at his two main multimanager funds.

This time, the