Category Archives: HedgeCo News
Nationwide Fund Scandal Causes Two Founders of Boston-Based Group to Resign
Nov. 14–Founders of Pilgrim Baxter & Associates, a unit of the Boston-based operations of Old Mutual of London, were forced to step down yesterday amid disclosures of market timing in its mutualfunds by a hedge fund in which one of […]
Mutual-Fund Scandal Claims Two Executives at Wayne, Pa.-Based Pilgrim Baxter
Nov. 14–The widening inquiry into trading misconduct at mutual funds has snared the two founders of high-profile Pilgrim Baxter & Associates in Wayne, the first local fund executives to betoppled by the scandal. Harold J. Baxter and Gary L. Pilgrim […]
Bush Campaign Fund-Raising Team Grows
WASHINGTON (AP) – President Bush’s list of volunteer campaign fund-raisers is getting bigger: More than 300 people have raised $100,000 or more for the Republican since he began his re-electioncampaign in May. At least 106 people have raised the $200,000 […]
Mutual-Fund Scandal Claims Two Executives at Wayne, Pa.-Based Pilgrim Baxter
Nov. 14–The widening inquiry into trading misconduct at mutual funds has snared the two founders of high-profile Pilgrim Baxter & Associates in Wayne, the first local fund executives to betoppled by the scandal. Harold J. Baxter and Gary L. Pilgrim […]
Spitzer is poised to charge US unit of Old Mutual
NEW YORK attorney general Eliot Spitzer, who has spearheaded the inquiry into improper trading at mutual funds, is likely to take action against Old Mutual’s Pilgrim Baxter Associates early nextweek, writes Richard Thomson. Spitzer said he may take action against […]
Tokyo Stocks Seen Softer Next Week
Tokyo, Nov. 14 (Jiji Press)–Tokyo stocks are seen moving on a soft note next week, as a deteriorating supply-demand balance is likely to weigh heavily on the key Nikkei average. “The Tokyo market has a downside risk and the Nikkei […]
Maverick on a mission to end scandal of the lost pensions
WHEN we think of pensions policy we tend to visualise dull actuaries in grey suits and bottle glasses poring over columns of figures. These are people who are very good with numbers, but clueless when it came to spotting the […]
Van Global Hedge Fund Index Posts 2.5% October Net Return; Managers Report Widespread Gains
NASHVILLE, Tenn.–(BUSINESS WIRE)–Nov. 13, 2003–The Van Global Hedge Fund Index rose 2.5% net of fees in October, according to Van Hedge Fund Advisors International (VAN). The Index represents theaverage net return of hedge funds tracked by VAN, with the October […]
Van Global Hedge Fund Index Posts 2.5% October Net Return; Managers Report Widespread Gains
NASHVILLE, Tenn.–(BUSINESS WIRE)–Nov. 13, 2003–The Van Global Hedge Fund Index rose 2.5% net of fees in October, according to Van Hedge Fund Advisors International (VAN). The Index represents theaverage net return of hedge funds tracked by VAN, with the October […]
Denver-Based Money Manager Janus Capital Included in NASD Probe
Nov. 13–The National Association of Securities Dealers has queried Janus Capital Group as part of a larger probe into deals between brokerage firms and mutual funds, the Denver money manager saidWednesday. “We received a request for information from the NASD […]
Denver-Based Money Manager Janus Capital Included in NASD Probe
Nov. 13–The National Association of Securities Dealers has queried Janus Capital Group as part of a larger probe into deals between brokerage firms and mutual funds, the Denver money manager saidWednesday. “We received a request for information from the NASD […]
FIND/SVP Reports Best Quarterly Operating Performance in Nearly Five Years
NEW YORK–(BUSINESS WIRE)–Nov. 13, 2003–FIND/SVP, Inc. (OTCBB:FSVP) THIRD QUARTER HIGHLIGHTS — Reports Six-fold Increase in Operating Income, a Five-fold increase in Net Income, and a 76% Increase in Revenues for the Quarter — Adjusted EBITDA* for Quarter Exceeds All of […]