Category Archives: HedgeCo News
Ryanair and AIB hold ISEQ back while global peers rise ; Settlement Day: November 6th
Ryanair became the greatest source of excitement on the Irish market yesterday by firmly beating expectations with its first-half numbers. Almost four million shares changed hands in Dublin, with thestock slipping 14 cents to E7.16 on the back of profit-taking. […]
Group to Remove Janus From Pension Plan
DENVER (AP) – The pension plan for tens of thousands of Colorado retirees is dropping the Janus Fund, citing allegations the Denver-based firm allowed improper trading. The Colorado Public Employees Retirement Association board has voted to remove Janus’ flagship fund […]
Maximum Dynamics, Inc. Announces Another Appointment to Its Advisory Board
COLORADO SPRINGS, CO — (MARKET WIRE) — 11/04/2003 — Maximum Dynamics, Inc. (OTC BB: MXDY), a financial services company that supports the financial community with back office fund administrationand client side support, announced today that Dr. Dingindawo Paulus Shongwe accepted […]
SEC, Mass. Charge Ex-Prudential Workers
The growing mutual fund scandal struck Prudential Securities Inc. on Tuesday as state and federal regulators filed civil charges against former brokers and branch managers at Prudential’s Bostonoffice alleging improper trading. The widely expected complaints by the Securities and Exchange […]
Citigroup, local firm to merge, add jobs ; Forum Financial Group in Portland will become Citigroup’s headquarters for its transaction services division.
Financial services giant Citigroup announced Monday that it is acquiring Portland-based Forum Financial Group, a move that officials say eventually could bring hundreds of jobs to Maine. Forum, a low-profile provider of back-office services for mutual funds and other investments, […]
Group to Remove Janus From Pension Plan
The pension plan for tens of thousands of Colorado retirees is dropping the Janus Fund, citing allegations the Denver-based firm allowed improper trading. The Colorado Public Employees Retirement Association board has voted to remove Janus’ flagship fund from the 401(k) […]
SEC More firms likely to be charged
WASHINGTON (AP) — More firms are likely to be charged in the burgeoning scandal surrounding the mutual fund industry, the head of the Securities and Exchange Commission’s enforcement division toldCongress Tuesday. Stephen Cutler, testifying about the wide-ranging investigations into the […]
Banks, Investment Firms Offer Extras to Those with Lots of Money
Nov. 3–When Jim King’s family sold the business seven years ago for more than $100 million, he had a lot of big financial decisions to make. For help investing his money and minimizing his tax bill, King turned to a […]
Daily News, New York, Guerrilla Investing Column
Nov. 3–The government is now cracking down on market timers and portfolio managers. This sounds good. But so far, the actions of government have tilted the playing field even more in favor of thepros. In other words, the cure has […]
Chicago Law Firm Much Shelist Reminds Investors that Lead Plaintiff Petitions for Securities Fraud Lawsuit on Behalf of Investors in Strong Mutual Funds are due November 4, 2003
CHICAGO, Nov. 3, 2003 (PRIMEZONE) — The deadline for investors in Strong Mutual Funds to move for lead plaintiff in a securities fraud class action against Strong Capital Management, Inc., itsChairman and founder, Richard Strong, and the Strong Family of […]
Late-trading row deepens in America
THE late-trading scandal on Wall Street took a turn for the worse today as the Securities and Exchange Commission found 10% of 88 top mutual fund firms may have been involved, a source told Reuters.Late trading gives hedge funds and […]
Yukos affair raises investor caution
The arrest last weekend of Russia’s richest man, Mikhail Khodorkovsky, and a decision by the Russian government to freeze $14 billion worth of stock in Yukos Oil, the company Khodorkovsky controls,is a reminder to foreign investors of how risky and […]