May 17 2010 | 11:23am ET
The Man Group will pay US$1.6 billion to buy GLG Partners in a move that could once again make the firm the world’s largest hedge fund manager.
The cash-and-stock deal will give the combined company more than US$62 billion in assets. While that’s still far below US$79.5 million that Man managed before the economic crisis, it is more than the total managed by the world’s biggest hedge fund manager, JPMorgan Asset Management, which had US$53.5 billion at the beginning of the year.
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…