- Bear Managers Cioffi, Tannin Rest, Won’t Testify
- Raj Rajaratnam Said to Keep Personal Investments in Sri Lanka
- KKR — a Q&A With Pioneers in M&A
- Dollar May Gain 10% Against Euro, Faber Says
Bear Managers Cioffi, Tannin Rest, Won’t Testify – Bloomberg
Former Bear Stearns Cos. hedge-fund managers Ralph Cioffi and Matthew Tannin rested their cases and won’t testify in their defense at their fraud trial, their lawyers told a federal judge.
Jurors in Brooklyn, New York, will hear closing arguments starting Nov. 5, U.S. District Judge Frederic Block said today after hearing from Dane Butswinkas, a lawyer for Cioffi, and Susan Brune, a lawyer for Tannin. Block told jurors he plans to instruct them on the law on Nov. 9 and they can begin deliberating immediately afterward…..
Raj Rajaratnam Said to Keep Personal Investments in Sri Lanka – Bloomberg
Raj Rajaratnam, the biggest investor in Sri Lanka’s stock market, has no immediate plans to sell holdings in the south Asian nation after insider-trading charges in the U.S., a person familiar with the matter said.
The Sri Lankan-born billionaire’s direct interests and stakes on the island held through his Galleon Group LLC won’t be affected by the liquidation of the hedge-fund firm following criminal and civil probes, according to the person, who asked not to be identified because the information is private…..
KKR — a Q&A With Pioneers in M&A – Wall Street Journal
Messrs. Kravis and Roberts recently sat down with the Journal. Edited excerpts of their conversation follow:……
Dollar May Gain 10% Against Euro, Faber Says – Bloomberg
The U.S. dollar may appreciate 10 percent against the euro in one to three months, said Marc Faber, the publisher of the Gloom, Boom & Doom report.
“Maybe the dollar has made a turn, it can easily rebound by 10 percent,” Faber said in an interview in Istanbul. “It may have started already since the asset markets started to go down 10 days ago.”…
Tags: Bear Stearns, Galleon, Hedge funds, Henry Kravis, KKR, Legal, Marc Faber, Raj Raratnam
