Jun 10 2010 | 9:02am ET
A collapsed Australian hedge fund has sued Goldman Sachs for more than $1 billion, accusing the Wall Street giant of misleading it about a collateralized debt obligation that one of its executives called a “shitty deal.”
The move comes after weeks of settlement talks between Basis Capital Management and Goldman failed to produce an agreement.
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…