19 October 2009
What is happening to Galleon Names
We don't know what changes they made to Galleon's portfolio since the end of June. We can guess that the stocks where they built a large position are probably still in the portfolio. That goes double for the companies where Galleon had a large share of shares outstanding. This chart shows that even on an upday the names where Galleon was a large shareholder are underperforming. If press rumors hold and the fund goes to liquidation, I'd guess we'll see lots more of this.