Category Archives: HedgeCo News
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 […]
Shell gets jitters ahead of crunch day for chairman ; Market Report
THE City fears tomorrow could be D-Day for oil giant Shell when it unveils fourth-quarter and full year results. Fourth-quarter earnings are expected to be down by almost a third after a previously announced write-off totalling Pounds 1 billion. Analysts […]
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 […]
Hedge Watch
A NEW index of hedge funds is to join the FTSE 100 and the FTSE All Share among the barometers of investment returns. FTSE Group announced plans to launch FTSE Hedge, an index reflecting theperformance of 40 hedge funds worldwide, […]
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 […]
Franklin Funds Parent Accused of Fraud
BOSTON (AP) – State regulators accused the parent company of mutual fund firm Franklin Templeton of fraud Wednesday for allegedly allowing a Las Vegas businessman to market time $45 million in mutualfunds in exchange for a $10 million investment in […]
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. […]
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, […]
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 […]
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 […]
CIBC Pledges Co-operation with SEC Investigators on Mutual Fund Scandal
WEST PALM BEACH, FL (HEDGECO.NET) – Officials of the Canadian Imperial Bank of Commerce [CIBC] have pledged their full cooperation to Securities and Exchange regulators looking into the question ofan estimated $1 billion provided by the bank for some investors […]
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. […]