Oct 11 2011 | 2:49pm ET
Longacre Fund Management is closing its largest hedge funds and preparing for a much smaller future.
The New York-based firm told investors yesterday that it would shutter its main funds in the wake of larger-than-expected redemptions. Clients apparently headed for the door as the firm lost 7% in August, wiping out its year-to-date gains.
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…