Aug 16 2011 | 2:25pm ET
More than a year after the team was sold, the Texas Rangers' post-bankruptcy administrator has sued its former owner on behalf its creditors, led by hedge fund Monarch Alternative Capital.
According to the lawsuit, filed on behalf of Texas Rangers Baseball Partners by administrator Alan Jacobs, Tom Hicks, the private equity veteran, wrongly used tens of millions of dollars from the team to buy and develop parking lots near the Ranger's home ballpark in Arlington, Texas.
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…