Aug 13 2013 | 11:37am ET
Pershing Square Capital Management chief William Ackman has resigned from J.C. Penney Co.'s board amidst a nasty spat with his fellow directors.
Penney's said it would add two new directors in conjunction with Ackman's exit from the board. In a statement, the hedge fund manager said that "the addition of two new directors and my stepping down from the board is the most constructive way forward for J.C. Penney and all other parties involved."
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…