Apr 8 2013 | 11:29am ET
Last month, Jeffrey Vinik said he could see his firm managing as much as $10 billion. Instead, he finds his Vinik Asset Management running about $6.5 billion after a wave of redemptions.
Investors have asked to withdraw about $1.5 billion from the firm, about 18% of the $8 billion it currently manages.
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…