Raj Rajaratnam, former hedge-fund titan, now known Inmate 62785-054, has one thing to look forward to this year.  A federal judge has agreed to return $2.5 million in cash and release $17.5 million in property that was used to secure Rajaratnam’s $100 million bond now that he is behind bars, serving a term of more than 11 years in prison for insider trading.  Rajaratnam’s passport, which prosecutors requested he surrender as part of his bail package, also will be returned to his lawyers, according to the order by U.S. District Judge Richard Holwell.  He has already paid a $10 million fine and forfeited $53.8 million in his criminal case. Rajaratnam,  was convicted of conspiracy and securities fraud in May and surrendered to prison officials in Massachusetts a week ago to begin serving his sentence. The founder of Galleon Group, Rajaratnam, 54 years old, is expected to challenge his conviction on appeal, as well as a record financial penalty of more than $92 million in a separate civil case brought by the SEC. A spokeswoman for Akin Gump, which is representing Rajaratnam, declined to comment.  [wsj 12/12/11]