Nov 16 2011 | 11:45am ET
Wessex Asset Management will close its three hedge funds after their assets dwindled from more than US$600 million to about US$20 million.
The London-based firm, which was founded in 1999 by a pair of Abbey Life veterans, has also suffered double-digit losses in all three of the funds this year.
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…