Dec 1 2005 | 9:47pm ET
New York-based hedge fund Watsek Value Management has just launched its first fund, the Watsek Deep Value Fund, with $5 million in commitments.
Randall Watsek, president and portfolio manager, will invest in stocks of 15-25 companies he believes to be deeply undervalued, including both those located in the U.S. and overseas.
"Value investors look at the cheapest 40% of firms, I look at the cheapest 5%," said Watsek, a former research analyst at Dalton, Greiner, Hartman, Maher & Co.
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…