Category Archives: HedgeCo News
Investment banks’ big gamble ; City Comment
IF investment banks can no longer give us free research to get our business they will find some other way to make money out of us, a fund manager remarked when asked what might be the impact of a banon […]
Class Action Suit Commenced In The Southern District Of New York Against Strong Financial Corporation Defendants And Canary On Behalf Of Purchasers Of Certain Strong Funds By Rabin, Murray & Frank LLP — SCBDX, SCORX, SHBAX, SGVDX.
Class Action Suit Commenced In The Southern District Of New York Against Strong Financial Corporation Defendants And Canary On Behalf Of Purchasers Of Certain Strong Funds By Rabin, Murray &Frank LLP — SCBDX, SCORX, SHBAX, SGVDX. NEW YORK, Oct. 8, […]
Shareholder Class Action Filed Against Alliance Capital Management Defendants and Canary on Behalf of Purchasers of The Certain AllianceBernstein Family Funds by Rabin, Murray & Frank LLP — AGRFX, ASBAX, ABASX, APGAX
Shareholder Class Action Filed Against Alliance Capital Management Defendants and Canary on Behalf of Purchasers of The Certain AllianceBernstein Family Funds by Rabin, Murray & Frank LLP –AGRFX, ASBAX, ABASX, APGAX NEW YORK, Oct. 8, 2003 (PRIMEZONE) — A class […]
Wolf Popper Files Securities Class Action for Improper Trading Practices at Alliance Capital Mutual Funds
NEW YORK , Oct. 8, 2003 (PRIMEZONE) — Wolf Popper LLP has filed a class action securities lawsuit in the United States District Court for the Southern District of New York, Case No. 03-Civ-7955,charging improper trading practices at mutual fund […]
Investors could get money back ; Mutual fund scandal widens
CHARLOTTE, N.C. – Bank of America Corp. will establish a restitution fund for shareholders of its Nations Funds who lost millions of dollars because of alleged improper trading that gave a hedge fundadvantage over other investors. “Nothing is more important […]
Harry’s game United with low profile
HARRY Dobson, the Scottish mining and property tycoon, insisted last night that he is not yet ready to offload his 6.5% stake in Manchester United after the club’s shares soared amid renewed takeoverspeculation. The low-profile entrepreneur, reputed to be worth […]
New York AG Subpoenas Fidelity in Probe
Fidelity Investments, one of the nation’s biggest mutual fund concerns, says it has received a subpoena from New York Attorney General Eliot Spitzer’s office connected to its wide-ranginginvestigation of potential fund-trading abuses. Anne Crowley, a spokeswoman for Boston-based Fidelity, said […]
Bank of America to Make Restitution Fund
CHARLOTTE, N.C. (AP) – Bank of America Corp. will establish a restitution fund for shareholders of its Nations Funds who lost millions of dollars because of alleged improper trading that gave a hedgefund advantage over other investors. “Nothing is more […]
The Dow Index Is Undervalued Says Johnson Graduate School Study
<body.content> <block> <p>ITHACA, N.Y., Oct. 7 /PRNewswire/ — The Parker Center for Investment Research, an academic think tank and research institute housed at CornellUniversity’s Johnson Graduate School of Management, today said the Dow Index at 9,275.06 on Sept. 30 was […]
British Soccer Team’s Stock Rises As Takeover Rumours Race Back
Oct. 7–Manchester United shares soared again as hefty stock market dealings fanned the flames of takeover speculation. Traders believe two of the earliest stakebuilders Irish racing duo John Magnier and J P McManus have returned to the market to lift […]
Security Trust CEO abruptly quits
Moving to contain damage arising from the growing mutual fund trading scandal and questions about its founder’s past, Security Trust said Monday that CEO Grant Seeger, 41, resigned over the weekend. The abrupt departure reflects intense pressure on Security Trust […]
SHARES AND MARKET REPORT: Investors expect Carphone Warehouse to ring right numbers
TRADERS PILED into Carphone Warehouse yesterday and those caught with short positions in the stock were heard to be busily closing them ahead of tomorrow’s trading statement. According to yesterday’stalk, Carphone’s update will not disappoint the market. Although it is […]