CHART OF THE DAY: Lucky Timing Of Galleon Bust Makes Investors $124 Million

button more charts
button chart prev
button chart next

Galleon Groups’ wind-down is 90% complete as of last week, according to a report today from Reuters.

Galleon couldn’t have been given a better time to get out of the market. Had the Feds announced insider trading charges even this summer — let alone in the middle of the financial crisis last year — the sale of its stock holdings would have yielded far less profit.

For example, Galleon’s top 10 holdings would have been worth $419.48 million on June 30, 2009, the date of the group’s most recent 13-F SEC filing. But if we assume those 10 stocks were sold at close-of-market prices Friday, Raj Rajaratnam and Co. would have gotten $543.48 million, or more than $124 million more than in June.

Get This Delivered To Your Inbox
You can get this dropped in your inbox every afternoon as The Chart Of The Day. It’s simple. It’s convenient. It’s free. All we need is your email address (though we’d love your name and state, too, if you’re willing to share it).  Sign up below!

Email State First Name Last Name

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.