Nov 15 2010 | 11:38am ET
Harbinger Capital Management is facing parallel civil and criminal probes into a controversial loan taken by firm founder Philip Falcone.
Both the Securities and Exchange Commission and U.S. Attorney’s office in New York are investigating that $113 million loan Falcone took last October to pay off unexpected tax liabilities. Authorities are also probing whether Harbinger gave some clients preferential withdrawal terms after it tightened its redemption policies following the financial crisis.
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…