Jan 6 2010 | 12:32pm ET
Galleon Group founder Raj Rajaratnam paid tipsters for insider information, prosecutors said yesterday, adding that the billionaire hedge fund honcho faces new insider-trading charges.
Prosecutors leveled the new allegations in an effort to keep a judge from reducing Rajaratnam’s record $100 million bail to $20 million. They said that Rajaratnam made more money, and traded illegally for a longer period of time, than indicated in the original indictment.
Mar 17 2014 | 9:30am ET
“Transparency” has become a touchstone for investors in the post-Madoff world but, according to Carl Lingenfelter, chief administration officer at Northern Trust Hedge Fund Services, it's a concept that has evolved over the past five years from fraud protection to risk management to investment performance. Read more…
Mar 10 2014 | 11:33am ET
A huge thank you to all of the people who helped make last Thursday’s HFC NY Open Your Heart to the Children Benefit such a success. The charity gala raised nearly $2 million to prevent and treat child abuse in New York, New Jersey and Connecticut. Read more…