Jan 13 2012 | 1:12am ET
Avesta Capital Advisors founder William Tung is closing his firm's doors to return to the hedge fund he left almost a decade ago.
Tung told clients that he would liquidate Avesta and return their money by the end of next month. He plans to return to Moore Capital Management, where he spent six years before founding Avesta, which currently manages about $630 million.
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…