Category Archives: HedgeCo News
Rich Pickings Of Ex Merrill Duo In M
SHREWD followers of the soap opera of Manchester United’s escalating share price will already know where to look for the next stock market raid by rich men with fat wallets. Lansdowne Partners, a secretive West End-based hedge fund led by […]
SEC Tentatively Adopts Fund Trade Curbs
Federal regulators on Wednesday proposed to close a loophole that allows illegal after-hours trading in mutual funds, in a bid to help restore investor confidence in funds that has been shaken by aspreading scandal. The Securities and Exchange Commission voted […]
Amvescap shares take a beating on US fears
SHARES in London-listed Amvescap dropped 14p to 3891/2p in heavy trading as investors fretted it might lose investment funds on the back of a civil action for fraud at its US subsidiary Invesco FundsGroup (IFG). In a clear sign of […]
SEC Unveils First of New Rules to Rehabilitate Mutual Fund Industry
Dec. 4–Responding to a scandal that has engulfed the mutual fund industry and tarnished its squeaky-clean image, the Securities and Exchange Commission yesterday rolled out the first of a series ofnew rules that would thwart late trading and market timing […]
U.S. Regulators Take Aim at Mutual Fund Abuses
Dec. 4–Federal regulators on Wednesday unveiled a broad package of steps to address the widening mutual fund scandal, including new disclosure of fees and rules designed to enhance the independenceof fund overseers. In detailing the proposals, Securities and Exchange Commission […]
The Dow Index Remains Fairly Valued Says Johnson Graduate School Study
<body.content> <block> <p>ITHACA, N.Y., Dec. 3 /PRNewswire/ — The Parker Center for Investment Research, an academic think tank and research institute housed at CornellUniversity’s Johnson Graduate School of Management, today said its proprietary analysis shows that the Dow Jones Industrial […]
The Baltimore Sun Jay Hancock Column
Dec. 3–MONEY COMES IN EASY GOBS TO THE TRULY CLAIRVOYANT: Relying on nothing except your investment skill, economic knowledge and clairvoyant powers, you could have turned $25,000 into $2 millionthis year by market-timing Rydex Funds. It’s Jan. 2, 2003. Knowing […]
SEC to Stop Fund Trading at 4 P.m. Daily
WASHINGTON (AP) – Federal regulators are moving to stanch a tide of trading abuses in mutual funds with new curbs on after-hours trading which brings profits to a favored few fund investors. As the mutual fund scandal widens, the Securities […]
Van Global Hedge Fund Index Gains 1.1% Net In November; Year-to-Date Return Rises to 15.7% Net
NASHVILLE, Tenn.–(BUSINESS WIRE)–Dec. 3, 2003–Van Hedge Fund Advisors International, Inc. (VAN) announced today a preliminary November return for the Van Global Hedge Fund Index of 1.1% net offees. The Index has gained 15.7% net for the year to date through […]
Denver-Based Invesco Funds Group Hit with Three Market-Timing Lawsuits
Dec. 3–New York Attorney General Eliot Spitzer, the U.S. Securities and Exchange Commission and Colorado Attorney General Ken Salazar sued Invesco Funds Group on Tuesday, claiming that theDenver-based money manager deceived its investors and failed to protect them from market-timing […]
Founder Strong Steps Down as Head of Wisconsin Financial Firm
Dec. 3–Richard Strong, a central figure in the ongoing mutual fund investigations, stepped down Tuesday as chairman, chief executive and chief investment officer of Strong Financial Corp., theWisconsin firm he founded in 1974. The target of probes by New York […]
Strong resigns as charges seem near
Mutual fund maverick Richard Strong resigned Tuesday from Strong Capital Management, the $40 billion investment advisory company he founded 29 years ago, under the cloud of possible legal charges bystate and federal regulators and an outflow of investor funds that […]