Nov 10 2006 | 12:01pm ET
By Deirdre Brennan
After an ugly 2005, hedge fund experts declared convertible arbitrage all but dead, saying that the field was too crowded and opportunities were far and few between. While October returns for the asset class were weak (up 0.76%, according to the Dow Jones Hedge Fund Indexes), convertible arbitrage managers posted the best results for the third quarter, 3.27%, and the strategy is up 9.51% year-to-date, making it second-highest performer in the Dow Jones indices.
Feb 3 2014 | 9:27am ET
In recognition of his extraordinary dedication to philanthropy, Marathon Asset Management’s Bruce Richards will be presented with the Award for Caring during the 16th Annual New York Open Your Heart to the Children Benefit, which takes place on Thursday, March 6. The gala, the largest gathering that Hedge Funds Care/Help For Children holds worldwide, will bring together 1,000 hedge fund executives to raise funds to help prevent and treat child abuse in New York, New Jersey and Connecticut. Read more…