|Residence||Brazil (at arrest)|
|Alma mater||Stanford Graduate School of Business
University of Pennsylvania
|Occupation||Hedge fund manager|
Rengan Rajaratnam (b. 1971) was the founder of hedge fund Sedna Capital and the younger brother of convicted hedge fund founder Raj Rajaratnam. He was arrested for securities fraud in March 2013 and is pending trial. He graduated from the Stanford Graduate School of Business and the University of Pennsylvania.
After graduating from the University of Pennsylvania and Stanford, Rengan Rajaratnam worked at Morgan Stanley and for a year at SAC Capital Advisors, founded by Steven A. Cohen. He left to run his own hedge fund, Sedna Capital, before joining the Galleon Group.
Insider trading allegations
The Galleon Group insider trading investigation began with the investigation of Sedna Capital in 2003-2004. Prosecutors allege that Rengan Rajaratnam regularly shared confidential information with his brother, Raj Rajaratnam.
During Raj Rajaratnam's trial, the jury heard Rengan call former classmate and McKinsey junior partner David Palecek "a little dirty" and "boasted that he [Palecek] 'finally spilled his beans' by sharing corporate secrets." According to Bloomberg, when asked about AMD Palecek allegedly said "Buy it, buy as much as you can as soon as you can."
- "Brother of Galleon Group’s Rajaratnam Is Indicted on Insider Trading Charges". The New York Times.
- "Brother of a Fallen Hedge Fund King Pleads Not Guilty". The New York Times.
- "Raj Rajaratnam’s Brother Charged With Insider Trading". Bloomberg.
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