Sri Lanka shocked by fund manager fraud charges

Sri Lankan brokers said Raj, founder and head of the New York-based Galleon Management hedge fund, was a major investor in Sri Lanka's small 10-billion-dollar bourse which is among the world's best performing markets... Rajaratnam and his fellow alleged conspirators were accused of earning 20 million dollars from illegal trading in what US media reports said was the biggest-ever hedge fund insider dealing scheme. Related article: Warning to traders