Jan 11 2013 | 1:44pm ET
Under an insider-trading cloud, SAC Capital Advisors expects clients to redeem at least $1 billion next month.
The $14 billion Stamford, Conn.-based hedge fund giant has been mentioning the figure in talks with advisers and top employees. Withdrawals of that amount would account for one-sixth of outside capital invested with SAC.
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…