May 20 2013 | 5:15pm ET
SAC Capital Advisors founder Steven Cohen is considering a deal that would end one of the most storied runs for a hedge fund manager in history: Under a proposal that has been discussed with prosecutors, the hedge fund would enter into a deferred-prosecution agreement that would require it to return outside capital and pay a fine. SAC would admit wrongdoing, but would not be prosecuted unless it again violates the law.
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…