Monthly Archives: February 2004
Federated to Pay $7.6 Million to Investors Harmed by Trading
Feb. 4–Federated Investors said yesterday it had fired one employee and punished five others in connection with questionable mutual fund trading. The company also said it would pay $7.6 million toinvestors who may have been harmed by the activity, but […]
SEC Probes Fund Tied to U.S. Bancorp
Feb. 4–Federal securities regulators are conducting an inquiry into a Milwaukee mutual fund affiliated with U.S. Bancorp for what the fund calls “potentially improper trading” of a security in itsportfolio. The informal probe by the Securities and Exchange Commission into […]
Schneider Capital Launches a Multi Strategy Hedge Fund
WEST PALM BEACH, FL (HEDGECO.NET) – Schneider Capital Management has unveiled a new hedge fund, according to a just released statement. This is the second hedge fund launched by the asset managerthis year so far. The first fund launched earlier […]
Emergent Asset Management Launches Two New Funds
WEST PALM BEACH, FL (HEDGECO.NET) – Emergent Asset Management Company is launching two new funds according to released company statements, the new funds, Emergent Diversified Emerging Markets MacroFund and the Emergent Global Fund would help �to streamline investment products for […]
Managed Futures Top $131 Billion, Money Under Management Nearly Doubles in 18 Months
Fairfield, Iowa, Feb. 3, 2005 — The Barclay Group reported today that money under management in managed futures climbed to a record $131.9 billion during the 4th quarter of 2004. Barclay is aleading provider of managed futures and hedge fund […]
Federated to Take $20M Charge
PITTSBURGH (AP) – Federated Investors Inc. will take a $20 million charge on fourth-quarter earnings to establish a fund for investors and pay for an internal review of mutual fund trading practices,the company announced Tuesday. Federated also said it had […]
SHARES AND MARKET REPORT: Troubled Goshawk lifted by talk of predator waiting to pounce
TAKEOVER TALKS may soon be back on the cards at Goshawk, the general insurer, if the latest stock market gossip is to be believed. Dealers reckon a predator has been running the slide rule over thegroup in recent weeks and […]
Former CIBC executive arrested, arraigned in latest mutual fund
NEW YORK (AP) — A former executive of the Canadian Imperial Bank of Commerce was arrested and arraigned on charges of arranging financing for an improper trading scheme that stole more than $2million from two mutual funds. Paul A. Flynn, […]
Ex-CIBC Executive Arrested in Scheme
NEW YORK (AP) – A former executive of the Canadian Imperial Bank of Commerce was arrested and arraigned Tuesday on charges of arranging financing for an improper trading scheme that stole more than$2 million from two mutual funds. Paul A. […]
Federated to Take $20M Charge
Federated Investors Inc. will take a $20 million charge on fourth-quarter earnings to establish a fund for investors and pay for an internal review of mutual fund trading practices, the companyannounced Tuesday. Federated also said it had punished three officers, […]
AME Info, Abu Dhabi, United Arab Emirates, Oil and Gas Briefs Column
Feb. 3–GULF TANKER RATES CLIMB ON DEMAND: Gulf supertanker rates have risen on demand for March cargoes and limited availability. About 25 tankers are likely to take on cargo in the Gulf next month.At just nine, only a fraction of […]
China: An Emerging Super Market for International Asset Management
WEST PALM BEACH, FL (HEDGECO.NET) – The strength and economic growth occurring in China has surprised many market observers. While the Chinese Communist government continues to wield political power,Chinese economy is increasingly integrating with international economies at an astonishing pace. […]