ELIOT SPITZER, the New York Attorney General, and the SEC filed civil lawsuits against Amvescap’s US unit Invesco Funds and Raymond Cunningham, its chief executive, charging them with allowingnumerous hedge funds to make improper “market timing” trades in mutual funds […]

<body.content> <block> <p>NEW YORK, Dec. 2 /PRNewswire/ — The law firm of Zimmerman Levi &amp; Korsinsky LLP has filed a class action lawsuit in the United States DistrictCourt for the Eastern District of Pennsylvania on behalf of all purchasers, redeemers […]

NEW YORK (AP) – Regulators charged Invesco Funds Group Inc. and its chief executive with civil fraud on Tuesday, saying the company set up a sophisticated system to recruit big-money market timersdespite complaints from its own employees that shareholders were […]

NEW YORK (AP) — Regulators charged Invesco Funds Group Inc. and its chief executive with civil fraud on Tuesday in the rapidly expanding mutual fund trading scandal. In separate filings, New York State Attorney General Eliot Spitzer and the Securities […]

FORT LAUDERDALE, Fla.–(BUSINESS WIRE)–Dec. 2, 2003–Global Partners Group (GPG), a diversified financial services firm headquartered in Fort Lauderdale, Florida, has named Larry Ortega VicePresident of Institutional Portfolio Development in its asset management division. One of the areas of specialization for […]

NEW YORK (AP) — Regulators were preparing to file civil charges Tuesday against Invesco Funds Group Inc. and its chief executive in the rapidly expanding mutual fund trading scandal. New York State Attorney General Eliot Spitzer and the Securities and […]

FRANKFURT, Germany & NEW YORK–(BUSINESS WIRE)–Dec. 2, 2003–RTS Realtime Systems Group has signed a contract to use Radianz’s market infrastructure, RadianzNet, to distribute its new RTDConnect product to financial professionals worldwide. RTD Connect enables proprietary traders, brokers, day traders, and […]

Dec. 2–The Massachusetts pension fund is poised to post its first year of positive gains since 2000, earning a 21 percent return through November and outperforming most of the other public pensionfunds in the country. “We had to check these […]

<body.content> <block> <p>CHICAGO, Dec. 2 /PRNewswire/ — Even before the recent scandals that have shaken the mutual fund industry, the nation’s wealthiest investors had reducedtheir holdings of mutual funds to a scant 6% of investable assets — down from 11% […]

xfdws GREEN-LIGHT sked Emerging Markets DatafileDecember 02, 2003 THE STANDARD HONG KONG ENGLISH Green light for two more hedge funds, THE STANDARD Dennis Eng ASIA WorldSources, Inc. 322 MASSACHUSETTS AVENUE 2ND FLOOR, NE WASHINGTON, DC 20002 COPYRIGHT 2003 BY WORLDSOURCES, […]

Hedge funds use many strategies, some of them risky, to try to produce extraordinary returns in any market. But a recent study suggests that, on average, hedge funds may perform worse than mutualfunds. Previous studies have overstated average hedge fund […]

WELLESLEY, Mass., Nov. 10 (AScribe Newswire) — The Babson Forum for Entrepreneurship and Innovation will be held Friday, Nov. 14, 2003, 8 a.m. – 3 p.m., featuring keynote speaker Jeff Taylor,Founder, Monster.com. Taylor’s address will be followed by three rounds […]