More Problems with Efficient Markets

A sharp-eyed reader picked this up from the San Francisco Chronicle:

If you haven’t heard of her by now, Roomy Khan, a former local employee of Rajaratnam’s Galleon Group LLP, has emerged as a key government “cooperating witness” in the $20 million insider trading affair. Khan’s Bay Area ties include running a hedge fund, Digital Age Capital Ltd., out of her $13 million Atherton mansion which she sold for $9.4 million in May.

If a $13 million mansion recently sold for $9.4 million, then I’m pretty sure it’s a $9.4 million mansion.

Posted by on October 25th, 2009 at 8:51 pm

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