Dec 22 2009 | 8:25am ET
The past 18 months has been tumultuous for the prime brokerage industry. On Sept. 15, 2008, the day Lehman Brothers filed for bankruptcy, hedge funds woke up to the fact that their assets could actually be frozen if a large bank failed. The practice of using multiple prime brokers and having several custody relationships took on new urgency. Hedge funds began to reevaluate their existing prime brokerage relationships en masse.
Feb 3 2014 | 9:27am ET
In recognition of his extraordinary dedication to philanthropy, Marathon Asset Management’s Bruce Richards will be presented with the Award for Caring during the 16th Annual New York Open Your Heart to the Children Benefit, which takes place on Thursday, March 6. The gala, the largest gathering that Hedge Funds Care/Help For Children holds worldwide, will bring together 1,000 hedge fund executives to raise funds to help prevent and treat child abuse in New York, New Jersey and Connecticut. Read more…