Financial Times

Rajaratnam biggest individual shareholder in JKH, Hayleys
Raj Rajaratnam, the Sri Lankan-born US hedge fund manager who made waves with his investments in the Colombo bourse, has emerged as the largest individual shareholder in the top conglomerates, John Keells Holdings and Hayleys.

He owns over 30 million JKH shares or a 10.09 percent stake, according to the annual report released last week. Sohli Captain, who was the largest individual shareholder in JKH the year before, with over 16 million shares or a stake of 8.65 percent, is now just behind Rajaratnam. Captain has raised his stake to 30 million shares or a 10 percent stake.

Rajaratnam is also the largest individual shareholder in the Hayleys conglomerate with over three million shares or a 6.29 percent stake, down from the year before when he owned 7.79 percent. The biggest shareholder in Hayleys is the D.S. Jayasundera Trust followed by the Employees' Share Trust.

Rajaratnam drew attention over the last two years with his forays in the Colombo bourse where he acquired stakes in several blue chips. He also set up several funds to invest in Sri Lankan firms. He made a name for himself in the US with his successful Galleon Fund, which he founded.

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