Jun 2 2011 | 3:22pm ET
According to insurance expert Scott Davidoff, a directors and officer policy will not provide coverage for general SEC sweeps at a hedge fund, but a well-worded policy can provide formal and informal investigation coverage. It is anticipated that once Dodd-Frank takes effect on July 21, the sub-billion dollar SEC registered hedge funds will be targeted initially for surprise examinations by auditors.
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…