Feb 14 2013 | 2:19pm ET
Prosecutors appear poised to seek an indictment against a top SAC Capital Advisors portfolio manager, buoyed by an allegation from a former SAC analyst that he was pressured to garner insider information.
The U.S. Attorney's Office in Manhattan is preparing a grand-jury presentation against Michael Steinberg. Steinberg, who specializes in technology stocks at SAC's Sigma Capital Management unit, would be the most senior person at the hedge fund charged if the grand jury returns an indictment.
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…