Mar 15 2013 | 3:05pm ET
SAC Capital Advisors has agreed to pay more than $600 million to settle insider-trading charges.
Two SAC affiliates, CR Intrinsic Investors and Sigma Capital Management, have settled with the Securities and Exchange Commission for $614 million, the largest-ever settlement for insider-trading. The SEC had accused the hedge fund of trading on confidential information about Alzheimer's drug trials and technology stocks.
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…