Category Archives: HedgeCo News

Maximum Dynamics, Inc. Announces Another Appointment to Its Advisory Board

Maximum Dynamics, Inc. (OTC BB: MXDY), a technology solutions company that combines cutting edge technology with its back office and administration services to provide client side support and business process management services, announced today that Andile Mbeki accepted an invitation […]

Janus to restore $31.5 million in market timing gains

DENVER (AP) — Janus Capital Group Inc. said Friday it will pay back $31.5 million gained from questionable mutual fund trading arrangements that have led to investigations by state and federalregulators. Janus said it had not determined whether the money […]

Janus to Pay $31.5 Million for Gains

DENVER (AP) – Janus Capital Group Inc. said Friday it will pay back $31.5 million gained from previously-disclosed market timing in its mutual funds, the short-term trading arrangements that have ledto investigations by state and federal regulators. Janus said it […]

Janus to Restore $31.5M Market Gains

Janus Capital Group Inc. said Friday it will pay back $31.5 million gained from improper trading as part of moves intended to restore investor confidence and placate regulators investigating themutual fund company. The Denver-based company also announced tighter controls on […]

Maximum Dynamics, Inc. Announces Another Appointment to Its Advisory Board

COLORADO SPRINGS, CO — (MARKET WIRE) — 12/19/2003 — Maximum Dynamics, Inc. (OTC BB: MXDY), a technology solutions company that combines cutting edge technology with its back office andadministration services to provide client side support and business process management services, […]

Alliance Agrees to $600M SEC Settlement

Alliance Capital Management agreed to a $600 million penalty to resolve allegations of improper mutual fund trading, the most costly settlement to date in a scandal that has tainted the entireindustry and divided regulators. An agreement jointly negotiated by the […]

SEC’s Carlin Leaving for Private Law Firm

WASHINGTON (AP) – Wayne Carlin, the head of the Securities and Exchange Commission’s northeast regional office in New York, said Friday he will leave the SEC in January to become a partner in the lawfirm of Wachtell, Lipton, Rosen & […]

Janus Is in Settlement Talks With Colo.

DENVER (AP) – The Colorado attorney general announced Thursday that he is in settlement talks with Janus Capital Group Inc. over improper mutual fund trading in a scandal that has swept the industry. Attorney General Ken Salazar said he would […]

FMG Launches New Hedge Fund

FMG has unveiled its latest hedge fund, the Scandinavian Fund Ltd. The new product is a single-strategy long-short equity fund, seeking to invest in the equity markets of the Scandinavian Countries, comprised of Norway, Sweden, Denmark, and Finland. The fund […]

Fund scandal clips JB Oxford

<blockquote> As the summer heat hit 90 degrees, FBI agents stormed the Beverly Hills, Calif., offices of JB Oxford, a small brokerage that was under investigation for its ties to Irving Kott, aCanadian with a long history of securities fraud […]

Ex-Mutual Fund Exec Sentenced to Prison

A former mutual fund executive was sentenced Wednesday to one to three years in prison after pleading guilty to charges that he hid or destroyed items sought in New York Attorney General EliotSpitzer’s probe of improper mutual fund trading. James […]

Ukrainian privatization chief denies favouring Donetsk group

Ukrainian State Property Fund head Mykhaylo Chechetov has denied favouring the Donetsk business group. Speaking in an interview with a web site, Chechetov said that several major companies had beensold to business groups other then Donetsk despite the fact that […]