Wednesday, May 23, 2012

Gupta one of a handful of people on Raj’s VIP list




This is one VIP list that no one wants to be on.  The New Yor Post writes that jailed hedge fund manager Raj Rajaratnam deemed only a handful of people — including ex-Goldman Sachs director Rajat Gupta — important enough to disturb his trading day, Rajaratnam’s former assistant testified yesterday in Manhattan federal court.

Carlyn Eisenberg, the government’s first witness in the trial of Gupta on insider-trading charges, said his name was on a “special list” of those whose calls she was to put through to her then-boss.
She said it was one of those calls in September 2008 that triggered a flurry of trading activity at Rajaratnam’s Galleon Group, shortly before Goldman Sachs announced it had landed a $5 billion investment from famed investor Warren Buffett.

Rajaratnam’s VIP list also included hedge-fund honcho Stan Druckenmiller, who announced his retirement from the business two years ago, and Danielle Chiesi, a former trader who pleaded guilty in the Galleon case…..

Read more: http://www.nypost.com/p/news/business/gupta_no_call_waiting_nSv4PqVxln8QrhBt2xqEXM

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