Aug 5 2011 | 1:13pm ET
The Securities and Exchange Commission and former McKinsey & Co. chief Rajat Gupta have agreed to something of a ceasefire.
The regulator has agreed to drop the administrative proceedings it brought against Gupta for insider-trading—Gupta allegedly served as one of Galleon Group founder Raj Rajaratnam's sources of confidential tips—and, in exchange, Gupta has agreed to drop his lawsuit against the SEC seeking to force it to sue him, rather than bring him before an administrative law judge.
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…