Category Archives: HedgeCo News
Milberg Weiss Announces the Filing of a Class Action Suit in the District of Colorado Against Janus Capital Group Inc. Defendants and Canary on behalf of Purchasers of the Securities of the Janus Family of Funds.
<body.content> <block> <p>NEW YORK, Sept. 17 /PRNewswire-FirstCall/ — The law firm of Milberg Weiss Bershad Hynes & Lerach LLP announces that a class action lawsuit wasfiled in the District of Colorado on September 16, 2003, on behalf of purchasers of […]
Former Bank of America Broker Charged in Funds Probe
Sep. 17–The first charges were filed Tuesday in the sweeping investigation of mutual fund trading practices that allegedly cost investors hundreds of millions of dollars, and authorities signaledmore are likely to follow. Former Banc of America Securities broker Theodore Sihpol […]
Investors Frustrated by New York Stock Exchange Chief’s Pay, Hedge Fund Scams
Sep. 17–Once again, Wall Street finds itself under suspicion. More calls poured in Tuesday for the resignation of New York Stock Exchange chairman Richard Grasso over his hefty pay package. And the first criminal charges were filed in an expanding […]
University Endowments’ Back in Black
NEW YORK (AP) – U.S. university endowments produced positive investment returns in the last school year as they shifted more money into a rising stock market, according to a survey released Wednesdayby the Commonfund Institute. Commonfund, a Wilton, Conn., investment […]
Mutual fund industry disputes trading study
NEW YORK – As regulators step up their probe into allegations of improper activity by mutual funds, a new study suggests illegal late trading may be more widespread than previously reported. The study by Stanford University Prof. Eric Zitzewitz found […]
Texas Investors Lose Big in Troubled Connecticut Hedge Fund Sued by SEC
Sep. 17–A former high-flying Connecticut hedge fund company that once purported to have $1 billion in assets has apparently scorched several well-heeled Texans including Dallas’ Morton H. Meyersonand other prominent investors for millions of dollars. The Securities and Exchange Commission […]
Advent Software, Inc. [ADVS] Founder, Chairman and CEO to Open The NASDAQ Stock Market
— (MARKET WIRE) — 09/17/2003 — What: Stephanie DiMarco, Founder, Chairman and Chief Executive Officer, Advent Software, Inc. (NASDAQ: ADVS), will join Ed Knight, Executive Vice President and General Counsel, The NASDAQ Stock Market, to preside over the Market Open. […]
Company that cloned sheep is set to close
PPL Therapeutics, a spinoff of the Roslin Institute that propelled the biotechnology industry into a new realm seven years ago when it cloned a sheep named Dolly, has said that it will sell its lastassets and close. The company, based […]
Broker charged in mutual fund inquiry
The attorney general of New York State, Eliot Spitzer, expanded his campaign against abuses on Wall Street on Tuesday by bringing the first criminal charges in a sweeping investigation into mutualfund trading. Spitzer filed charges against Theodore Sihpol, a former […]
Study Suggests Illegal Fund Trading
As regulators step up their probe into allegations of improper activity by mutual funds, a new study suggests illegal late trading may be more widespread than previously reported. The study by Stanford University Prof. Eric Zitzewitz found that late trading […]
Advent Software Launches Comprehensive Asset Management Solution to Help Firms Control Operating Risk and Improve Client Service
<body.content> <block> <p>NEW YORK, Sept. 17 /PRNewswire-FirstCall/ — Advent Software, Inc. , the leading provider of software to the financial services industry, announces thelaunch of “Advent(R) for Asset Managers,” a comprehensive solution of software, data, and services designed specifically for […]
Ex-broker faces larceny charges over after-hours trades
NEW YORK – State authorities filed criminal charges Tuesday against a former Bank of America broker allegedly at the center of illegal mutual fund trades they say cost investors tens of millions ofdollars. Theodore Sihpol III, 36, surrendered to authorities […]