Aug 2 2010 | 6:24am ET
While Maverick Capital Management co-founder Samuel Wyly has been accused of a $550 million fraud by the Securities and Exchange Commission, the hedge fund is not under investigation, it told investors.
Dallas-based Maverick moved quickly to quell investor concerns after Wyly and his brother, Charles, were hit with the charges, which accuse them of hiding assets and insider trading. But while the SEC alleges that the Wylys diverted some of their ill-gotten gains to Maverick and another hedge fund founded by Samuel Wyly, Ranger Capital, Maverick is not a subject of the probe.
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…