June is Todd Deutsch’s last month at the Galleon Group, the $7.2 billion New York–based hedge fund firm he joined in 2001 as a portfolio manager after a four-year stint as a market maker for Goldman, Sachs & Co. Deutsch’s departure seems to be a watershed moment for Galleon, which in trying to establish itself as a more institutional player is adopting an approach that may be at odds with Deutsch’s more aggressive trading style.
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