Category Archives: HedgeCo News
Markets Shrug Off Monday Collapse, THE MOSCOW TIMES
xfdws MARKETS-SHRUG sked Emerging Markets DatafileOctober 29, 2003 THE MOSCOW TIMES RUSSIA ENGLISH Markets Shrug Off Monday Collapse, THE MOSCOW TIMES Alex Fak RUSSIA WorldSources, Inc. 322 MASSACHUSETTS AVENUE 2ND FLOOR, NE WASHINGTON, DC 20002 COPYRIGHT 2003 BY WORLDSOURCES, INC., […]
Third man pleads guilty in Connecticut millionaire’s abduction
STAMFORD, Connecticut (AP) — A third man has pleaded guilty in the kidnapping of one of America’s wealthiest men. Lorenzo Jones, 18, of New Haven, pleaded guilty Tuesday to first-degree kidnapping with a firearm and first-degree robbery in the Jan. […]
AP: Authorities Probe Strong Chairman
NEW YORK (AP) – The chairman of Strong Financial Corp. is under scrutiny as part of an investigation into improper trading at the company, a source familiar with the matter said Wednesday. New York Attorney General Eliot Spitzer is investigating […]
Putnam accused of fraud
BOSTON – State and federal regulators accused Putnam Investments and two of its former investment officers of fraud Tuesday, the first formal allegations of wrongdoing by a mutual fund company inwhat is rapidly becoming a major scandal for a once […]
Wachovia Brokerage Chief Steps Down
Oct. 29–The chief of Wachovia Securities’ brokerage group stepped down yesterday, amid regulatory inquiries into his role in the market-timing scandal at Prudential Securities, which merged withWachovia in July. Michael J. Rice, 37, well known on Wall Street for running […]
Putnam, Two Officers Face Civil Complaint
State and federal regulators took action Tuesday against Putnam Investments and two of its former investment officers, the first formal accusation of wrongdoing against a mutual fund company over”market timing” trading practices in mutual funds. A complaint filed by the […]
Hedge funds education urged, THE STANDARD
xfdws HEDGE-FUNDS-EDUCATION sked Emerging Markets DatafileOctober 28, 2003 THE STANDARD HONG KONG ENGLISH Hedge funds education urged, THE STANDARD Mukul Munish ASIA WorldSources, Inc. 322 MASSACHUSETTS AVENUE 2ND FLOOR, NE WASHINGTON, DC 20002 COPYRIGHT 2003 BY WORLDSOURCES, INC., A JOINT […]
SHALOV STONE & BONNER LLP Announces Class Action on Behalf of Purchasers of the Mutual Fund Shares of the Janus Funds Family of Funds
NEW YORK–(BUSINESS WIRE)–Oct. 28, 2003–The law firm of SHALOV STONE & BONNER LLP announces that a class action lawsuit was filed in the District of New Jersey on September 23, 2003 on behalfof purchasers of the securities of the Janus […]
Funds chief leaving in wake of scandal
Bank of America’s top mutual fund executive, Richard DeMartini, will leave its scandal-tarred money management unit once the Charlotte, N.C., bank buys FleetBoston Financial Corp., bank officialssaid yesterday. DeMartini, tied to the market-timing and late-trading scandal with the Canary hedge […]
Emerson Poynter LLP Announces Class Action Against Alliance Capital Management Defendants and Canary on Behalf of Purchasers of the Securities of the AllianceBernstein Family of Funds — AGRFZ, ABASX, APGAX, ABVAX
HOUSTON, Oct. 28, 2003 (PRIMEZONE) — A class action lawsuit has been filed in United States District Court for the Southern District of New York, case number 03-CV-8466, on behalf of all persons orentities who purchased or otherwise acquired AllianceBernstein […]
Mighty Giant Bank of America Grew from Modest Roots
Oct. 28–Bank of America likes big. The company’s headquarters in downtown Charlotte, N.C., is an impressive 60 stories high, the tallest building in the Southeast. As large as it is, Bank of America decided about five years ago that it […]
SEC, Wisconsin Regulators Investigate Activities of Milwaukee Mutual Fund Firm
Oct. 28–The U.S. Securities and Exchange Commission and the Wisconsin Department of Financial Institutions are investigating recent allegations made against Strong Capital Management, according to acompany statement. The Menomonee Falls-based company made the disclosures this month in documents prepared for […]