Jun 10 2013 | 12:50pm ET
SAC Capital Advisors clients moved to redeem substantially less from the hedge fund than expected, according to a report.
Investors filed redemption requests for between $2 billion and $3 billion from the $15 billion hedge fund. While redemptions are said to be closer to $3 billion than to $2 billion, it is still significantly less than expected and welcome news for SAC, which faced the redemption deadline amidst reports that prosecutors may file criminal charges against the firm itself.
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…