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.
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…