One Year Ago
»»The liquidation of Raj
Rajaratnam’s Galleon Group
was largely complete, with the firm, which managed $3.7
billion under management, set to pay back investors by January
1, 2010. Earlier in 2009, Rajaratnam was charged with
conspiring to use insider information, allegations he continues
to fight. In mid-October, the Galleon Group sublet its office
at 590 Madison Avenue to Forefront Advisory, an asset
management firm. They’ve leased 25,030 square feet
at $125 per square foot.
»»Tassos Recachinas, who left Pirate Capital in
formed Sophis Investments and prepared to launch the Sophis
Fundamental Value Fund. Recachinas had slated $35 million for
the launch of the fund, which planned to invest in equities,
credit, commodities and currencies.
Five Years Ago
The Blackstone Group hired Edwin Conway to serve as a
managing director in its fund of funds division, Blackstone
Alternative Asset Management, which managed $9.3 billion at the
time. Previously he was an executive director at fund of funds
Arden Asset Management, focusing on business development.
Conway is now a senior managing director in the investor
relations and business development group for the entire