Monthly Archives: November 2003
State regulators have begun their own investigation of Strong
State regulators have begun their own investigation of Strong Agency could suspend the licenses of advisers By PAUL GORES [email protected], Journal Sentinel Sunday, November 9, 2003 While New York Attorney General Eliot Spitzer and the Securities and Exchange Commission grab […]
INVESTMENT: SECRETS OF SUCCESS – For the long haul, invest in what you can touch
Is the era of paper assets, such as shares and bonds, over for now? Are we moving back to a period when it will be things you can touch and feel, such as commodities, that deliver the best returns?This seems […]
Tokyo Stocks End Higher, Nikkei Logs 1st Rise in 3 Days
Tokyo, Nov. 7 (Jiji Press)–Stocks wiped out their earlier losses and finished higher on the Tokyo Stock Exchange Friday, with the benchmark Nikkei average posting the first rise in three sessions. But the market lacked a clear direction as a […]
Tokyo Stocks Seen Range-Bound Next Week
Tokyo, Nov. 7 (Jiji Press)–Tokyo stocks are likely to move narrowly next week, with investors keeping close tabs on the outcome of Sunday’s general election and the release of key Japanese economicindicators. “The benchmark Nikkei average is expected to move […]
CORRECTING and REPLACING: Law Offices Of Charles J. Piven, P.A. Announces the Filing of a Class Action Suit Against Federated Investors, Inc. And Its Federated Family of Mutual Funds on Behalf of Investors – FEDEX, CAPAX, FCTAX, FMCGX
BALTIMORE, Nov. 7, 2003 (PRIMEZONE) — Law Offices Of Charles J. Piven, P.A. announces that a class action lawsuit has been filed in the United States District Court for the Western District ofPennsylvania on behalf of all purchasers of the […]
Denver-based Invesco May Be Next Target in Fund Crackdown
Nov. 7–Denver-based Invesco Funds Group may be next on New York Attorney General Eliot Spitzer’s anvil to be pounded for alleged trading abuses. If the hammer is coming down, the fund group said it hasn’t heard anything, other than from […]
In brief: Hedge funds boost Man
Booming hedge fund sales have helped Man Group post a better than expected 38% rise in core profits for the first half of the financial year. Profits before tax, goodwill, amortisation and exceptionals rose to pounds 190.5m from pounds 138m […]
Man Group’s underlying profits climb 38%
MAN GROUP posted a 38 per cent rise in underlying profits yesterday as funds under management at the blue chip hedge fund rose more than a fifth to $31.5bn in the six months to 30 September. Pre- taxprofits before exceptionals […]
$136.2 Million Is Pulled from Strong Capital Management in October
Nov. 7–Investors last month pulled $136.2 million out of equity funds managed by Strong Capital Management Inc., one of the companies in the cross hairs of New York Attorney General Eliot Spitzer’sinvestigation of alleged abuse in the mutual fund industry. […]
St. Louis Post-Dispatch David Nicklaus Column
Nov. 7–When your own money is being misused, you feel like you should do something about it. That’s why, after building up a strong sense of outrage about financial misdeeds at Enron and WorldCom, investors are even more concerned about […]
New York Attorney General Steps Up Probe of Mutual Fund Improprieties
Nov. 7–New York Attorney General Eliot Spitzer intensified his investigation into the problems plaguing the mutual fund industry even as talks continue with several funds into possible settlements. Spitzer’s office has more than 100 subpoenas for information pending and more […]
Oregon Based Manager Launches with New Small Cap Focused Fund
Mark Corcoran, CFA, will draw upon his ten years in the industry to manage the Brookridge Small Cap Opportunities Fund that launched this past September, 2003. Mr. Corcoran formerly served asFundamental Research Group Leader, Supervisory Analyst and Senior Technology Analyst […]