Galleon to Begin Wind-Down of Funds [external] The Galleon Group, whose founder whose founder is one of six individuals accused of participating in a wide-ranging insider trading scheme, said in a letter to employees and investors on Wednesday that it will begin winding down its hedge funds as it faces investor redemptions. Read the letter on...
Morgan Stanley Returns to a Profit [external] The results marked a reversal of fortune for Morgan Stanley, which had reported three consecutive quarterly losses.
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