Rengan Rajaratnam Steers Clear of Raj in Trial Defense

When Rengan Rajaratnam started Sedna Capital Management LLC, he named the hedge fund after a newly discovered dwarf planet on the edge of the solar system, reflecting his focus on small-cap businesses unnoticed on Wall Street.

Rajaratnam, who worked his way up through Steven Cohen’s SAC Capital Advisors LP and Galleon Group LLC, the hedge fund co-founded by his billionaire brother Raj, said in a 2004 interview that “Sedna speaks to our strategy of looking where other people aren’t looking.”