Feb 4 2013 | 4:25pm ET
The "most lucrative" insider-trading scheme in history may not have been as rich as prosecutors have suggested.
Former SAC Capital Advisors portfolio manager Mathew Martoma stands accused of earning the hedge fund some $276 million in illicit profits—both gains and losses avoided—trading on confidential information about Alzheimer's drug trials. But in all of their public pronouncements, the Justice Department has not mentioned that SAC did suffer a loss on the trade through an equity swap previously disclosed only in court documents.
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…