Sep 30 2006 | 9:08am ET
New York investment bank Jefferies Group is vying for a slice of the lucrative prime brokerage market, where it will compete with its larger Wall Street brothers, including Bear Stearns, Goldman Sachs and Morgan Stanley.
Next week the firm is launching a prime brokerage that will focus on smaller and mid-sized hedge funds – those with between $25 million and $1 billion in assets – instead of shooting for the giant funds serviced by giant banks.
The prime brokerage aims to have 25 hedge fund clients by the end of 2006, and hopes to add up to 120 new clients next year.
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…