Saturday, 20 December 2014
Last updated 1 day ago
Oct 21 2008 | 10:36am ET
Raoul Felder is not chopped liver, the famed New York divorce lawyer wants AllianceBernstein to know.
Felder has filed a $5 million lawsuit against the money manager, accusing it of misleading him into investing $750,000 in a hedge fund that subsequently lost him $200,000. According to the Duke of Divorce, he wanted a more conservative investment, but that AllianceBernstein pushed him toward the riskier hedge fund that earned it higher fees and commissions.
The firm put its “greed and self-interest” ahead of Felder’s “very simple” instructions, he said.
“It’s like the owner of a restaurant who tell his waiters to push the chopped liver,” Felder told the New York Daily News.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.