Dec 9 2011 | 12:18pm ET
The Securities and Exchange Commission may bring fraud charges against Harbinger Capital Management founder Philip Falcone and two other executives at the hedge fund.
The SEC is probing several matters, among them possible manipulative debt trading from 2006 through 2008, when Harbinger made a mint betting against subprime mortgages. The New York-based hedge fund had disclosed the investigation in April, but gave no indication a lawsuit was possible.
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…