Jul 25 2013 | 11:27am ET
Capping a years-long investigation, federal prosecutors have filed criminal charges against SAC Capital Advisors, accusing the legendary hedge fund of "substantial, pervasive" insider-trading over the course of a 10-year period and imperiling the firm's very existence.
The U.S. Attorney's Office in Manhattan said today that a federal grand jury indicted SAC and its division on four counts of securities fraud and one of wire fraud.
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…