Sep 24 2013 | 10:05am ET
SAC Capital Advisors may be ready to cut a deal.
Lawyers for the embattled hedge fund told prosecutors last week that firm founder Steven Cohen would like to reach a settlement of the criminal insider-trading charges against SAC, as well as civil charges against him filed by the Securities and Exchange Commission. Any agreement would likely include of fine of about $1 billion.
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…