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.
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…