May 3 2013 | 9:41am ET
With nine current or former employees accused—or convicted—of insider trading and facing an ongoing federal investigation, SAC Capital Advisors announced a new series of policies designed to combat illicit trading.
Chief among the new rules is a clawback provision, allowing SAC to recover compensation paid to employees found guilty of criminal charges and those sanctioned by regulators.
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…