Aug 7 2009 | 9:17am ET
By David Benoit -- In a recent ruling by the U.S. Court of Appeals for the Second Circuit involving investment losses stemming from the Bayou Ponzi scheme, an important decision was issued concerning the due diligence practices of investment advisers and the liability they face for failures to conduct thorough due diligence on investment managers.
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…