Monthly Archives: November 2003
Security Trust Co. to cease operation by March 31
Security Trust Co. will shut down — making it the first corporate casualty in the mutual fund trading scandal, a federal banking agency said Tuesday. The Office of the Comptroller of the Currency (OCC), which oversees national banks, said that […]
Two traders split pounds 50m as Man buys into BlueCrest
TWO FORMER JP Morgan traders who set up their own hedge fund in 2000 each pocketed pounds 25m yesterday when they sold a stake in their asset management business to Man Group, the FTSE 100 hedge fundmanager. Man is paying […]
Banking giant UBS sacks two as Spitzer spotlight shines on new targets
UBS, EUROPE’S largest investment bank, has sacked two financial advisers and disciplined nine others after an internal investigation found the bank had traded in shares against the interests of itsclients. The Swiss giant is the most high-profile financial institution on […]
Amvescap arm facing twin fines in US funds probe
FUND manager Amvescap has confirmed it is facing punishment in connection with the mutual fund scandal sweeping across the US, writes Patrick Hosking. London-listed Amvescap, best known in Britain for its Perpetual and Invesco brands, faces fines from the Securities […]
BlueCrest hedge fund pair in 105m deal with Man
TWO London dealers who quit JP Morgan three years ago to set up their own hedge fund business clinched a deal today which values their firm at 420 million, writes Patrick Hosking. Mike Platt and Bill Reeves have sold 25% […]
N.Y. Charges Three in Mutual Fund Probe
NEW YORK (AP) – Three former top executives at Security Trust Co. were charged Tuesday with acting as middlemen in an illegal trading scheme that cost investors $1 million, and authorities orderedthe company to shut down. Those charged with felonies […]
Ask Jeeves — CEO, CNNfn
xfdce CNNfn-MARKET-CALL-08 Show: MARKET CALL> Date: November 25, 2003> Time: 09:00:00> Tran: 112508cb.l05> Type: INTERVIEW> Head: Ask Jeeves — CEO, CNNfn> Sect: Business> Byline: Rhonda Schaffler, Douglas Lane> Guest: Steve Berkowitz> Spec: Business; Internet Services; ASKJ (Nasdaq); SIC: 7379> Time: […]
Spitzer files criminal charges in mutual fund investigation
ALBANY, New York (AP) — The first criminal charges in the mutual fund scandal were filed Tuesday by New York’s attorney general, accusing three former top executives at Security Trust Co. with“pervasive misconduct” in a late-trading scheme that cost investors […]
Bank of Bermuda to Open an Office in San Francisco
<body.content> <block> <p>NEW YORK, Nov. 25 /PRNewswire-FirstCall/ — Bank of Bermuda , today announces that its Global Fund Services division is expanding its global network ofoffices by opening an office in San Francisco. Global Fund Services (San Francisco) Limited, a […]
PFG Announces ‘CTA Challenge 2003’ Winners
<body.content> <block> <p>CHICAGO, Nov. 25 /PRNewswire/ — Peregrine Financial Group, Inc. (PFG), in cooperation with Trader Source, Inc. (TSI), today announced Villano Capital andArthur Aschauer as the winners of the “CTA Challenge 2003.” Trading firm Villano Capital receives a $1 […]
Spitzer Files Charges in Mutual Fund Case
Criminal charges were filed Tuesday against three former top executives at Security Trust Co. for allegedly acting as middlemen for hedge funds in an illegal late-trading scheme that cost investors$1 million. Those charged with felonies by New York Attorney General […]
Spitzer Files Charges in Mutual Fund Case
Three former top executives at Security Trust Co. were charged Tuesday with acting as middlemen for hedge funds in an illegal mutual funds late-trading scheme that cost investors $1 million. Those charged with felonies by New York Attorney General Eliot […]
