Nov 4 2013 | 2:53pm ET
SAC Capital Advisors, one of the largest and most successful hedge funds in history, has agreed to plead guilty to insider-trading charges that will put it out of the hedge fund business.
The Stamford, Conn.-based firm will cease to operate as an investment adviser, prosecutors said in a court filing today. SAC has also agreed to pay a record $1.8 billion, half of which is a fine and the other half a forfeiture.
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…