Oct 1 2012 | 6:46am ET
Quantitative easing has been a boon to Centerbridge Partners' credit hedge fund. But it's also proving a damper on opportunities for the US$8.3 billion hedge fund.
Centerbridge on Friday told investors in its Credit Partners fund that it would return US$500 million. The firm said that it has as much as US$2 billion of the fund's assets simply sitting in cash due to the paucity of enticing options.
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…