hedge fund manager

Rengan Rajaratnam, Brother of Hedge Fund Founder, Indicted

The brother of jailed one-time billionaire hedge fund boss Raj Rajaratnam has been charged with conspiring with his brother to cheat on Wall Street through insider trading.

Bill Ackman's Big Bet on the Hong Kong Dollar

Hedge fund manager Bill Ackman made waves in the financial community yesterday by announcing a very bullish bet on the Hong Kong dollar. Currently pegged to its American counterpart, HK's currency would see its value soar if it were attached instead to a more compatible counterpart -- say, the Chinese yuan. Ackman appears to be banking on it, but in a low-risk way.