Nov 9 2006 | 10:57am ET
It seems that hedge funds don’t have to be profitable in order for the companies that run them to be.
Man Group, the largest publicly-traded hedge fund manager in the world, painted a very rosy picture of its fiscal first half, in spite of that fact that several of its funds were down during the period, including its flagship Man AHL Diversified, which fell 4% in the six months through September. The firm said first-half profit soared 40% to US$637 million on a 50% jump in revenue to US$2.24 billion.
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…