Jan 12 2007 | 11:20am ET
Housing will likely have a hard landing this year and consumer spending will also hit a rough patch, according to a recent survey of 106 distressed debt prop traders and hedge fund managers, conducted by distressed and high-yield data provider Debtwire. As new debt issuance dries up in 2007, hedge funds that participate in the space will find a tougher fund raising environment. And as competition heats up for lesser deals, hedge funds will make riskier bets resulting in attrition for some of the 1,000 funds this year.
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…