Sep 15 2010 | 2:52am ET
JPMorgan Chase CEO Jamie Dimon has announced the firm’s plans to comply with the newly-enacted Volcker rule, and they do not include divesting the firm’s enormous Highbridge Capital Management hedge fund or its main private equity business.
Dimon said the new U.S. banking regulations will not force it to sell Highbridge, so the unit “will stay in the current form it is.” Highbridge manages “client-only” hedge funds, so “the seed restriction on capital is fine with us,” Dimon said during an investor presentation yesterday.
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…