Sep 24 2012 | 2:28pm ET
Morgan Creek Capital Management's Mark Yusko, the “father of endowment-style investing,” kicked off the FINforums Annual Hedge Fund Summit in New York with a high-energy talk that began with the blunt admission that hedge funds have underperformed the market by a whopping 89% over the past three years. But from 1999 to 2009, he said, hedge funds returned 8% while the stock market returned zero. And that's why smart investors will not only be in hedge funds over the next 10 years, they'll be in small, emerging hedge funds, he said.
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…