As beautiful women in slinky dresses gathered by the sleek rosewood bar and sipped cocktails, Rajaratnam delivered a powerful and moving speech. He likened Sri Lanka’s fishermen to hedge fund managers. “Every morning they go out to sea and try and catch as many fish as they can,” he told the thousand who had gathered. “And every night, just like hedge fund managers, they come back to port and eat what they catch.” Yes, and every once in a while, just like the Sri Lankan fishermen, hedge fund managers faced financial tsunamis that were as violent and humbling as the natural ones.
