Feb 19 2013 | 9:34am ET
Investors moved to pull almost $1.7 billion from SAC Capital Advisors at Thursday's redemption deadline, significantly more than the hedge fund said it expected and in spite of the firm's moves to reassure clients over an insider-trading probe.
Clients put in redemption notices for $1.68 billion. SAC will pay out about $660 million next month and the rest over the course of the year; the firm's policies allow investors to withdraw only one-quarter of their money per quarter.
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…