Monthly Archives: November 2003
Nationwide Fund Scandal Causes Two Founders of Boston-Based Group to Resign
Nov. 14–Founders of Pilgrim Baxter & Associates, a unit of the Boston-based operations of Old Mutual of London, were forced to step down yesterday amid disclosures of market timing in its mutualfunds by a hedge fund in which one of […]
Founders of Pilgrim Baxter Mutual Fund Step Down after Internal Review
Nov. 14–The already hard-hit mutual fund industry endured two new blows yesterday as more top executives resigned and one of the nation’s highest-profile fund families reached a partial settlementwith regulators over improper trading activities. Gary Pilgrim and Harold Baxter, the […]
Founders of Pilgrim Baxter Mutual Fund Step Down after Internal Review
Nov. 14–The already hard-hit mutual fund industry endured two new blows yesterday as more top executives resigned and one of the nation’s highest-profile fund families reached a partial settlementwith regulators over improper trading activities. Gary Pilgrim and Harold Baxter, the […]
Idaho board fires Strong
Idaho board fires Strong Endowment fund fears investors may bail By KATHLEEN GALLAGHER [email protected], Journal Sentinel Thursday, November 13, 2003 The Idaho Endowment Fund Investment Board said Wednesday it has fired Strong Capital Management Inc. as one of its investment […]
Tokyo Stocks Sharply Higher in Morning
Tokyo, Nov. 13 (Jiji Press)–Stocks rose sharply on the Tokyo Stock Exchange Thursday morning, with technology stocks leading the way higher tracing the strength of their U.S. counterparts overnight. “Wall Street’s moves and foreign investors’ buying of Tokyo stocks were […]
Denver-Based Money Manager Janus Capital Included in NASD Probe
Nov. 13–The National Association of Securities Dealers has queried Janus Capital Group as part of a larger probe into deals between brokerage firms and mutual funds, the Denver money manager saidWednesday. “We received a request for information from the NASD […]
Denver-Based Money Manager Janus Capital Included in NASD Probe
Nov. 13–The National Association of Securities Dealers has queried Janus Capital Group as part of a larger probe into deals between brokerage firms and mutual funds, the Denver money manager saidWednesday. “We received a request for information from the NASD […]
Van Global Hedge Fund Index Posts 2.5% October Net Return; Managers Report Widespread Gains
NASHVILLE, Tenn.–(BUSINESS WIRE)–Nov. 13, 2003–The Van Global Hedge Fund Index rose 2.5% net of fees in October, according to Van Hedge Fund Advisors International (VAN). The Index represents theaverage net return of hedge funds tracked by VAN, with the October […]
Van Global Hedge Fund Index Posts 2.5% October Net Return; Managers Report Widespread Gains
NASHVILLE, Tenn.–(BUSINESS WIRE)–Nov. 13, 2003–The Van Global Hedge Fund Index rose 2.5% net of fees in October, according to Van Hedge Fund Advisors International (VAN). The Index represents theaverage net return of hedge funds tracked by VAN, with the October […]
Maverick on a mission to end scandal of the lost pensions
WHEN we think of pensions policy we tend to visualise dull actuaries in grey suits and bottle glasses poring over columns of figures. These are people who are very good with numbers, but clueless when it came to spotting the […]
Maverick on a mission to end scandal of the lost pensions
WHEN we think of pensions policy we tend to visualise dull actuaries in grey suits and bottle glasses poring over columns of figures. These are people who are very good with numbers, but clueless when it came to spotting the […]
Milken’s Nextera coming up empty
Investing in the second act of the business drama of Michael Milken, the onetime king of junk bonds, has not been a rewarding experience for everyone. Just ask the shareholders of NexteraEnterprises, a company controlled by Milken and his brother, […]