Jan 14 2011 | 1:24pm ET
Despite raising almost a half-billion dollars to launch his hedge fund, Fortress Investment Group veteran Sri Wijegoonaratna couldn't make it stick.
Wijegoonaratna told investors yesterday that he was pulling the plug on his Galle Global Macro Partners, less than a year after its debut. He blamed investor redemptions and sub-par performance for the firm's failure.
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…