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."
Feb 3 2014 | 9:27am ET
In recognition of his extraordinary dedication to philanthropy, Marathon Asset Management’s Bruce Richards will be presented with the Award for Caring during the 16th Annual New York Open Your Heart to the Children Benefit, which takes place on Thursday, March 6. The gala, the largest gathering that Hedge Funds Care/Help For Children holds worldwide, will bring together 1,000 hedge fund executives to raise funds to help prevent and treat child abuse in New York, New Jersey and Connecticut. Read more…