Dec 20 2012 | 9:49am ET
Morgan Stanley is dropping two Paulson & Co. hedge funds from its hedge fund platform.
Paulson's Advantage and Advantage Plus fund—which lost 36% and 51%, respectively, last year, and which are on their way to another double-digit loss this year—count about $100 million in Morgan Stanley client money among their roughly $5.7 billion in total assets.
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…