May 7 2010 | 3:30am ET
Goldman Sachs has determined that it must settle charges that it defrauded investors in a collateralized debt obligation it structured for hedge fund Paulson & Co.
A deal with the Securities and Exchange Commission, which sued Goldman for allegedly failing to disclose Paulson’s role in the construction of the CDO or the hedge fund’s short interest in it, could cost Goldman between $1 billion and $5 billion.
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…