Oct 24 2006 | 12:08pm ET
It’s hedge fund versus hedge fund as Highland Capital Management seeks to derail what it calls preferential treatment accorded New York-based MHR Fund Management.
In a letter to a special committee of Loral Space & Communication’s board of directors, J. Kevin Ciavarra, general counsel at Dallas-based Highland, which owns more than 5% of Loral, calls the terms of a proposed $300 million sale of convertible perpetual preferred stock to MHR – Loral’s largest shareholder – “a magnet for private and governmental scrutiny and stockholder litigation.” Highland has, in turn, offered to purchase the shares on terms it calls more favorable.
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…