May 15 2013 | 1:51pm ET
A New York court threw out a collateralized debt obligation lawsuit against Goldman Sachs, leaving Paulson & Co. to defend the allegations alone—for now.
The New York State Supreme Court's Appellate Decision dismissed ACA Financial Guaranty's lawsuit, which accused Goldman and Paulson of misleading it about the hedge fund's role in the CDO. The court ruled that ACA should have known what was going on, calling the firm a "highly sophisticated commercial entity."
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…