Dec 13 2012 | 2:18pm ET
Hedge fund Tiger Asia Management pleaded guilty to criminal fraud charges, with founder Bill Hwang admitting that the fund engaged in insider-trading.
Tiger Asia, which has been in hot water for the trades in the stocks of two Chinese banks in Hong Kong for three years, agreed to forfeit more than $16 million to settle the criminal case. The firm, which in August began to return outside capital, was also sentenced to a year of probation.
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…