Nov 21 2013 | 11:40am ET
SAC Capital Management trader Michael Steinberg was the beneficiary of a "secret pipeline" of confidential corporate information, helping him earn millions for the scandal-tarred hedge fund, prosecutors alleged yesterday.
Steinberg's insider-trading trial got underway in earnest with opening statements in Manhattan federal court. Prosecutor Antonia Apps told the newly-empanelled jury that Steinberg worked to get "secret, confidential information" through a network of "corrupt" corporate insiders and hedge fund analysts.
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…