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.
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…