Rajaratnam told prospective investors that the fund’s returns were driven by “bottoms-up research” carried out by a team of analysts who visited more than three hundred companies a month. Analysts were urged to travel as much as they wanted and to visit as many companies as they could. Rajaratnam had only one requirement: at the end of the day, the analysts had to email or fax an explanation of what they learned during their company visit. If they didn’t, their travel expenses were not reimbursed.
