Jul 24 2012 | 1:15pm ET
Amidst billions more in redemptions, the Man Group has pledged to more than double its cost cuts as it struggles to rebuild its share price.
The publicly-listed hedge fund said it would reduce expenses by an additional US$100 million over the next year-and-a-half. Those cuts will be made on top of US$95 million in cuts announced in March.
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…