NEW YORK (AP) – Investors fled hedge funds accused of shady trading practices in droves last year as their strategies came under intense scrutiny from regulators, according to a survey. The funds saw $1.8 billion, or nearly half of their […]

Janus Capital Group Inc. reported $62.8 million in fourth-quarter costs related to mutual fund investigations Wednesday, putting a slight crimp in earnings for the period that surged on a one-timegain. The Denver-based company reported net income of $812.9 million, or […]

Feb. 4–Former CIBC managing director Paul Flynn was arrested outside his Larchmont home yesterday and led off in handcuffs to face criminal charges in the expanding probe of improper mutual fundtrading. Flynn, 46, pleaded not guilty to five felony counts […]

Tokyo, Feb. 4 (Jiji Press)–Stocks ceded further ground on the Tokyo Stock Exchange Wednesday morning, as the dollar’s continued weakness weighed on shares of major high technology firms andautomakers. At the morning close, the 225-issue Nikkei average stood down 128.16 […]

SEC probes fund tied to U.S. Bancorp City firm says it told agency of trade concerns By PAUL GORES [email protected], Journal Sentinel Wednesday, February 4, 2004 Federal securities regulators are conducting an inquiry into a Milwaukee mutual fund affiliated with […]

Feb. 4–Like a sunny morning after a bleak February storm, the stock market’s recovery has eased some of the strain on U.S. pension plans. But corporations and taxpayers still face years of rising subsidies to fund the checks promised to […]

A former executive at Canadian Imperial Bank of Commerce was arrested Tuesday and faces criminal and civil charges by U.S. regulators in an illegal mutual fund trading scheme. New York Attorney General Eliot Spitzer’s office arrested Paul Flynn, a former […]

SHARES IN the electricity generator British Energy have been set alight in the past week by news that the US hedge fund Appaloosa has taken a 4 per cent stake in the company. The shares rose afurther 21 per cent, […]

AMVESCAP, THE Anglo-American fund manager, yesterday revealed that it had set aside more than pounds 20m to cover the costs of an investigation by US authorities into examples of controversial markettiming trading within its business. The company included a pounds […]

Feb. 4–The Milwaukee Journal Sentinel has moved a correction for the story slugged MW-MUTUAL filed by Knight Ridder/Tribune Business News for Feb. 4. The new version deletes the penultimate grafbeginning “Milwaukee’s Artisan Partners …” to remove the company from the […]

xfdce NIGHTLY-BUSINESS-REPO-00 Show: NIGHTLY BUSINESS REPORT> Date: February 4, 2004> Time: 18:30:00> Tran: 020400cb.118> Type: SHOW> Head: Nightly Business Report> Sect: Business> Byline: Susie Gharib, Jeff Yastine> Guest: Ronald Sugar, Kevin McCormally> Spec: Business; Economy> Time: 00:00:00> SUSIE GHARIB, NIGHTLY […]

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 […]