Hedge-fund giant Galleon Group, facing heavy investor withdrawal requests after Friday's arrest of co-founder Raj Rajaratnam, moved to unload some of its technology stocks and other holdings to raise cash. Investors have sought to withdraw about $1.3 billion of the $3.7 billion in assets Galleon manages, traders say. Moreover, two of the brokerage firms Galleon normally deals with,Bank of America Merrill Lynch and BarclaysPLC, have told Galleon they will no longer trade securities positions with the fund firm, according to a person close to the situation.
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