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traders, and various back office and support staff including accounting and investor relations people and a chief financial officer. Besides the office in New York where most of the traders are located, there is an office in Santa Clara, California, where the semiconductor, data networking, hardware equipment, and software exposure analysts are located. By being in Silicon Valley, they can develop good contacts with the companies they follow.

The analysts in New York follow wireless, telecommunications, Internet, software, and health-care industries. Communication between the two offices is seamless, making them feel like one group.

Rajaratnam covers companies as well. He is the managing general partner and portfolio manager of the Galleon Technology and New Media funds. He describes himself as the quarterback of the team. He is involved with everything in the firm and often accompanies the analysts to their company meetings. Rajaratnam meets with two to three companies a day. One week out of every month, he visits about 25 companies in California.

His typical day starts with a walk to work. From 7:30 to 8:45 A.M., he listens to the brokers' calls to hear what the Wall Street analysts have to say. At 8:45 A.M., Galleon has its own meeting, which lasts for about an hour. Every issue is discussed regarding the companies being followed. Because the companies are all interrelated, it is educational for all to have an idea on each other's areas. Conference calls are held with the California office. By 10 A.M., the day's game plan has been formulated.

Everyone sits in a bull pen to facilitate the communication between the portfolio managers and the analysts. There are five portfolio managers in the various funds. These include Rajaratnam, Arjavalingam, Bernstein, Sud, and Lachman (coportfolio managers of Galleon Healthcare Partners).

Unlike most other hedge fund managers, Galleon does not have an investment committee; they work as a team. Galleon is a thematic investor rather than optimizing the portfolio by sector. Five to six powerful themes are identified and trades are placed based on those themes. One example of a theme is the growth of the Internet. Rajaratnam says they are an agnostic when it comes to market capitalizations of a stock. Liquidity is not a concern.

Rajaratnam makes it a point to meet with investors. He meets with investors any time after 4 P.M., when the markets have closed, until