Nov. 18–Janus International chief executive Richard Garland resigned on Monday, the latest head to roll in a widening probe over mutual-fund trading agreements that hurt small investors. Denver-based Janus Capital Group offered no formal explanation of why Garland left, in […]

Nov. 17–As I was walking to work last Friday, I approached the townhouse of a money manager friend named John. Two detectives were waiting in front of the garage. A car pulled up. The first detective flashed his badge. I […]

Apparently, it’s not contagious. In a contrast with 1998, when a financial crisis in Russia spread symptoms through other developing economies, the arrest of Mikhail Khodorkovsky, the head of the oilcompany Yukos, seems to have been quarantined fairly effectively. While […]

BOSTON and LONDON–(BUSINESS WIRE)–Nov. 17, 2003–Eagle Investment Systems Corp. today announced that Threadneedle Asset Management Limited, the third largest investment fund manager in the UK withGBP50 billion ($81 billion) assets under management, has selected Eagle to support its new Investment […]

By Yuka Yamamori Tokyo, Nov. 17 (Jiji Press)–The key Nikkei average plunged below the psychologically important 10,000 line Monday, as individual investors turned to sell in view of a halt in buying by foreign players amid renewed worries over the […]

Tokyo, Nov. 17 (Jiji Press)–Stocks plunged across the board on the Tokyo Stock Exchange Monday, with the key Nikkei average falling below the psychologically important 10,000 line to close at thelowest level in more than three months. Renewed concern over […]

Tokyo, Nov. 17 (Jiji Press)–Stocks skidded lower almost across the board on the Tokyo Stock Exchange Monday morning, with the key Nikkei average falling below the psychologically important 10,000line to hit the lowest level in more than three months. After […]

Nov. 17–Mutual fund market-timing and late-trading scandals won’t wipe out individual investors like the accounting frauds at Enron and WorldCom did. But in a two-year parade of Wall Street misdeeds, the mutual fund industry has betrayed an alarmingly large number […]

NEWS ANALYSIS Leader of fund used market timing to bleed away millions in profits By FLOYD NORRIS New York Times Sunday, November 16, 2003 Who would have thought that Gary L. Pilgrim would seek to profit at the expense of […]

Avrum D. Lank Spreading educational tax break a fine idea By AVRUM D. LANK of the Journal Sentinel staff Sunday, November 16, 2003 Support is building in Madison for a simple idea — extending the state tax advantage of Wisconsin’s […]

Is this a modern-day gold rush? The price of bullion jumped to its highest level since March 1996 last week as speculators continued to chase commodities. Gold has been a good performer this year,rising from $351 per troy oz in […]

PHILADELPHIA (AP) – The founders of Pilgrim Baxter & Associates, Gary L. Pilgrim and Harold J. Baxter, will be paid about $69 million by their fund family’s parent company, despite theirresignations in the midst of the sweeping national probe of […]