Nov 13 2006 | 5:28pm ET
Hedge funds and prime brokers got a stern talking-to from regulators today, and a warning to clean up their acts—or else.
At a hedge fund conference in New York, Securities and Exchange Commission enforcement chief Linda Thomsen said the agency will ratchet up the pressure on illegal trading and abusing clients’ trust with a flurry of lawsuits. “I expect to see activity in connection with both,” she said. “These days, the money is in hedge funds, so the potential for securities law violations is there because there is so much money there.”
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…