Category Archives: HedgeCo News

Bank One’s mutual-funds chief quits amid internal probe, Bear

CHICAGO (AP) — The head of the mutual fund unit at Bank One Corp. has resigned as part of several management changes made following allegations that the company allowed improper trading of itsfunds. Bank One chairman and CEO Jamie Dimon […]

Former mutual fund executive pleads guilty to criminal charge

ALBANY, N.Y. (AP) — A former mutual fund executive pleaded guilty Thursday to a felony in the investigation of improper mutual fund trading that prosecutors said cost other investors billions ofdollars. James P. Connelly Jr., former vice chairman and chief […]

Roping in the fund string-pullers ; CITY COMMENT

ALL those Iraqis with wheelbarrows full of banknotes bearing the image of Saddam Hussein will no doubt have mixed feelings about the reform this week that replaces their old currency with a new one -printed in Britain, incidentally. With the […]

New York Hedge Fund Buys Assets of ANC Rental Corp.

Oct. 16–ANC Rental Corp. is history. The holding company for two of the best-known brands in the rental car business went defunct on Tuesday, when Cerberus Capital Management purchased substantially all of its assets. Mired in bankruptcy for nearly two […]

Spitzer prepares charges at firm crippled by 9.ll

NEW YORK Attorney General Eliot Spitzer has reportedly told Fred Alger Management, which lost 70% of its investment team in the World Trade Center attacks, that he is prepared to file criminalcharges against some of its employees in the mutual […]

Bank One Executive Resigns in Trading Flap

Oct. 16–A Bank One Corp. executive has quit in the wake of accusations the bank allowed questionable trading in its mutual funds at the expense of other investors. Mark Beeson, president of Bank One Investment Advisors and the executive who […]

RDA Wins Integration Solution of the Year in Annual Microsoft Certified Partner Awards for Microsoft Certified Partners and Microsoft Certified Business Solutions Partners

BALTIMORE–(BUSINESS WIRE)–Oct. 15, 2003– Award Recognizes Worldwide Innovation Using Microsoft Technologies RDA Corporation today announced it was selected as a winner in the sixth annual Microsoft Certified Partner Awards in the Integration Solution of the Year category, representing the Washington, […]

HedgeFund.net Partners with Zephyr Associates On StyleADVISOR and AllocationADVISOR

<body.content> <block> <p>NEW YORK, Oct. 15 /PRNewswire/ — HedgeFund.net, the Internet’s most popular destinations for performance data and news on the global hedge fund industry,today announced a partnership with Zephyr Associates, a leader in the development of analytical software tools […]

Medix Resources Names New President, Chief Operating Officer

<body.content> <block> <p>NEW YORK, Oct. 15 /PRNewswire-FirstCall/ — Medix Resources, Inc. today announced that at a board meeting held on October 10, 2003, Andrew Brown, 34, wasselected by its Board of Directors to serve as the Company’s new President and […]

Wisconsin Firm Ademi & O’Reilly, LLP Announces the Filing of a Class Action Suit in the United States District Court for the Eastern District of Wisconsin Against Strong Financial Corporation Defendants and Canary on Behalf of Purchasers of the Securi

Wisconsin Firm Ademi &amp; O’Reilly, LLP Announces the Filing of a Class Action Suit in the United States District Court for the Eastern District of Wisconsin Against Strong Financial CorporationDefendants and Canary on Behalf of Purchasers of the Securities of […]

Wisconsin Firm Ademi & O’Reilly, LLP Announces the Filing of a Class Action Suit in the United States District Court for the Eastern District of Wisconsin Against Strong Financial Corporation Defendants and Canary on Behalf of Purchasers of the Securi

Wisconsin Firm Ademi &amp; O’Reilly, LLP Announces the Filing of a Class Action Suit in the United States District Court for the Eastern District of Wisconsin Against Strong Financial CorporationDefendants and Canary on Behalf of Purchasers of the Securities of […]

Closings paint very different pictures of Quattrone

NEW YORK — Former Credit Suisse First Boston high-tech financier Frank Quattrone was a victim of a ”multicar train wreck on the information superhighway,” defense lawyer John Keker told jurorsTuesday as he presented closing arguments on Day 10 of the […]