Category Archives: HedgeCo News

Houston-Based Invesco Cooperates in New York Probe into Fund Trading Practices

Sep. 10–The New York attorney general’s office, which is investigating mutual fund trading practices, has contacted Houston-based Invesco Funds Group Inc., the company said Tuesday. In a statement on the company’s Web site, chief executive Mark H. Williamson said, “As […]

Milberg Weiss Announces the Filing of a Class Action Suit Against Strong Financial Corporation Defendants and Canary on Behalf of Purchasers of The Securities of the Strong Funds Family of Funds — SVBDX SADBX SABCX SIBNX F008W1 SBDIX

<body.content> <block> <p>NEW YORK, Sept. 10 /PRNewswire/ — The law firm of Milberg Weiss Bershad Hynes &amp; Lerach LLP announces that a class action lawsuit was filed onSeptember 9, 2003, on behalf of purchasers of the securities of the Strong […]

Bank threat to scupper Telewest rescue ; Lenders furious at attempt by US bondholder to dictate restructuring terms at debt-laden cable group

TELEWEST’S BANKS were yesterday threatening to block the company’s proposed rescue restructuring – a move that could tip the cable company into administration – after a key bondholder demandedfurther changes to the plan. The banks are said to be furious […]

Hotspot FXi Hires Robert J. Fleschler as Global Head of Sales

WATCHUNG, N.J.–(BUSINESS WIRE)–Sept. 10, 2003–Hotspot FXi today announced Rob Fleschler has joined the firm as global head of sales. In this role, Mr. Fleschler will be responsible for driving allof Hotspot FXi’s sales operations. With over a decade of international […]

TenFold Expands UK Distribution Relationship With YouDevise

<body.content> <block> <p>SALT LAKE CITY, Sept. 9 /PRNewswire-FirstCall/ — TenFold(R) Corporation (BULLETIN BOARD: TENF) , provider of the Universal Application(TM) platform forbuilding and implementing enterprise applications, today announced an agreement to expand its relationship with YouDevise Limited, its exclusive United […]

Investigation of mutual fund companies opens a door for smaller firms

As the mutual fund industry scrambles to cope with investigations into improper trading of fund shares, some small fund companies are poised to gain business. Last week, Eliot Spitzer, the New YorkState attorney general, said his office had uncovered widespread […]

WorldCom in accord with some creditors Plan could speed up exit from bankruptcy

Lawyers for WorldCom said Tuesday that they had reached a tentative agreement with some of the company’s creditors that would resolve significant objections to its plan to emerge from bankruptcyunder the name MCI. After negotiations that stretched past midnight into […]

San Jose Mercury News, Calif., Dan Gillmor Column

Sep. 10–PROSECUTOR, SEC CHIEF HELPING SAVE CAPITALISM: New York’s corporate crime-fighting attorney general, Eliot Spitzer, has taken another crack at the sleaze permeating Wall Street. Moreamazingly, the head of the federal Securities and Exchange Commission has shown some overdue gumption, […]

CRA Business Strategies Group’s Annual Competitive Challenges Conference Set for New York City, September 16 – 17

<body.content> <block> <p>DARIEN, Conn., Sept. 10 /PRNewswire/ — The CRA Business Strategies Group, a leading consulting firm to the nation’s multi-trillion-dollar asset managementindustry, today announced its annual Competitive Challenges Conference will be held September 16-17 at New York City’s Palace […]

SEC on Record Pace Attacking Wrong Doing

Sep. 10–Nearly two years after Enron became a synonym for corporate sins, federal regulators continue to bring vast numbers of actions against all types of malfeasance. In congressional testimony Tuesday, Securities and Exchange Commission Chairman William Donaldson revealed regulators are […]

Milberg Weiss Announces The Filing Of A Class Action Suit Against Janus Capital Group Inc. Defendants and Canary on behalf of Purchasers of the Securities of the Janus Family of Funds

NEW YORK–(BUSINESS WIRE)–Sept. 10, 2003–The law firm of Milberg Weiss Bershad Hynes & Lerach LLP announces that a class action lawsuit was filed on September 9, 2003, on behalf of purchasersof the securities of the Janus Funds family of funds […]

Milwaukee, Wis., Mutual Fund Firm Targeted by Three More Lawsuits

Sep. 10–Three more lawsuits have been filed against Strong Capital Management Inc. in connection with allegations made last week by New York attorney general Eliot Spitzer that Strong and threeother mutual fund companies allowed a New Jersey hedge fund to […]