Jan 3 2014 | 3:11pm ET
History will show that 2013 was an extremely disappointing year for hedge funds, with the average manager struggling to achieve even one-third the return of soaring stock markets. But a number of prominent managers will remember last year very differently.
Appaloosa Management returned 42% and Owl Creek Asset Management 48%, to name just two of the hedge funds to top the Standard & Poor's 500 Index's nearly 30% rise last year.
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…