Aug 11 2011 | 12:52pm ET
Citadel Investment Group hopes to sell its struggling three-year-old investment banking unit, a business that has perhaps become more notable over its short life for its revolving-door management team than the customer service it promised to provide.
The $11 billion hedge fund is looking for a buyer for Citadel Securities' advisory business. It has also decided to close its equity research operation and lay off its staff.
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…