Nov 28 2012 | 12:01pm ET
SAC Capital Advisors will likely face Securities and Exchange Commission fraud charges stemming from alleged insider-trading by a former portfolio manager, and the regulator may go after firm founder Steven Cohen, as well.
SAC told clients that it has received a Wells notice from the SEC, indicating that the agency is poised to bring an enforcement action against it.
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…