Category Archives: HedgeCo News
Notebook: Fidelity holds the key to the grocer’s future Decision day approaches
This time next week we should have a far better idea about the fate of Safeway. The competition commission’s conclusions about who should be allowed to bid for Britain’s fourth biggest grocer areexpected on Thursday or Friday – and it […]
Investment spotlight: Fund of funds reduces the risk while boosting your wealth
MANAGER of managers? Multi-manager? Fund of funds? They are three interchangeable concepts that retail investors are going hear a lot more often in future. For simplicity, we refer to fund of funds. Fund of funds’ share of the fund market […]
Nations Funds Trustees Defend Oversight of Assets
Sep. 20–In some of their first interviews since Bank of America Corp. was cast into the glare of a mutual fund investigation, several Nations Funds trustees told the Observer this week that they dideverything they could to protect shareholders. Board […]
Wisconsin Treasurer Pressures Financial Firm to Make Up Losses to Investors
Sep. 20–State Treasurer Jack Voight stepped up the pressure on Strong Capital Management Friday, calling on the Menomonee Falls-based company to make up any losses it might have caused investors inthe EdVest college savings program and pledging to address the […]
Rabin, Murray & Frank LLP Commences Class Action Against Janus Capital Group Inc. and Canary on Behalf of Purchasers of The Securities of The Janus Family of The Funds
Rabin, Murray & Frank LLP Commences Class Action Against Janus Capital Group Inc. and Canary on Behalf of Purchasers of The Securities of The Janus Family of The Funds NEW YORK, Sept. 19, 2003 (PRIMEZONE) — A class action lawsuit […]
Strong Capital Management Hires Outsiders to Explore Trading Allegations
Sep. 19–Richard S. Strong, founder and chairman of Strong Capital Management Inc., said Thursday that his firm has hired outside professionals to carry out an internal review related to New YorkAttorney General Eliot Spitzer’s allegations of improper trading. Thursday was […]
Longwood, Fla., Securities Firm Questioned in Hedge-Fund Case
Sep. 19–A Central Florida securities firm has been drawn into the high-profile case of Canary Capital Partners, the New Jersey-based hedge fund accused by New York authorities of conducting animproper multimillion-dollar mutual-fund trading scheme. Empire Financial Group Inc. of Longwood […]
Barrack Rodos & Bacine Announces the Filing of a Class Action Suit Against Strong Financial Corp. Defendants and Canary Defendants on Behalf of Purchasers of the Securities of the Strong Funds Family of Funds
<body.content> <block> <p>PHILADELPHIA, Sept. 19 /PRNewswire/ — Counsel for Class Plaintiffs, Barrack, Rodos & Bacine, today issued the following:</p> <p>Aclass action has been commenced in the United States District Court for the District of New Jersey on behalf of purchasers […]
Barrack Rodos & Bacine Announces the Filing of a Class Action Suit Against Strong Financial Corp. Defendants and Canary Defendants on Behalf of Purchasers of the Securities of the Strong Funds Family of Funds
<body.content> <block> <p>PHILADELPHIA, Sept. 19 /PRNewswire/ — Counsel for Class Plaintiffs, Barrack, Rodos & Bacine, today issued the following:</p> <p>Aclass action has been commenced in the United States District Court for the District of New Jersey on behalf of purchasers […]
Tokyo Stocks Seen to Retain Strength Next Week
Tokyo, Sept. 19 (Jiji Press)–Tokyo stocks are expected to retain their strength next week amid growing optimism about Japan’s economic fundamentals and corporate earnings. “The market’s uptrend will remain unchanged while there is the possibility that profit taking will gain […]
Tokyo Stocks Seen to Retain Strength Next Week
Tokyo, Sept. 19 (Jiji Press)–Tokyo stocks are expected to retain their strength next week amid growing optimism about Japan’s economic fundamentals and corporate earnings. “The market’s uptrend will remain unchanged while there is the possibility that profit taking will gain […]
Tokyo Stocks Stretch Gains in Morning
Tokyo, Sept. 19 (Jiji Press)–Stocks stretched gains on the Tokyo Stock Exchange Friday morning, supported by continued active buying of such issues as banks amid an ongoing global fund inflow intothe Japanese market. “Abundant funds flowing into Japan have nowhere […]