Category Archives: HedgeCo News

Price for New Jersey Hedge Fund’s Returns Paid by Investors

Sep. 10–New Jersey hedge fund Canary Capital Partners squeezed sweet returns out of mutual funds whose investors were drinking from a bitter cup. Canary Capital averaged returns of more than 30 percent a year from 2000 to 2002 by trading […]

RBC Capital Markets strengthens hedge fund expertise with Howard Chen

<body.content> <block> <p>NEW YORK, Sept. 10 /PRNewswire/ — RBC Capital Markets today announced Howard Chen has joined its Structured Products Group. An MBA graduate from New YorkUniversity, Mr. Chen brings a wealth of expertise from his previously held positions, including […]

Investors Seek Shield on Unethical Funds

NEW YORK (AP) – Investors trying to determine whether mutual fund companies put shareholders’ interests above their own face a difficult task. After last week’s charges against four companies that they allowed a hedge fund to make illegal trades, investors […]

3 more lawsuits filed against Strong

3 more lawsuits filed against Strong Legal actions come following allegations by N.Y. attorney general By KATHLEEN GALLAGHER [email protected], Journal Sentinel Wednesday, September 10, 2003 Three more lawsuits have been filed against Strong Capital Management Inc. in connection with allegations […]

Stock Market Solutions Discovers New Analytic Trading System

FORT LAUDERDALE, Fla.–(BUSINESS WIRE)–Sept. 10, 2003–Stock Market Solutions, Inc. (OTCBB:SMKT) In completing its highly anticipated software trading system based on Jesse Livermore methodology thecompany has discovered a new analytic based solely on Jesse Livermore trading theories. SMKT announced in July […]

Milberg Weiss Announces the Filing of a Class Action Suit Against Bank One Corp. Defendants and Canary on Behalf of Purchasers of the Securities of the One Group Family of Funds — ONE OGASX OAMAX OAMBX OGAFX PAVGX

<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 One […]

FBI Alleges Hedge Fund Fraud; Florida Man Sought Millions in Bogus Investments

Sep. 10–Donald C. O’Neill raised $13.7 million through a fraudulent foreign currency investment scheme and then spent much of it on personal indulgences, federal authorities charge. The FBI is looking for the former Lighthouse Point resident who used the money […]

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 – JANSX JAENX JAMRX JAOLX JAGTX JORNX

<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 Janus […]

Fort Lauderdale, Fla., Man Accused of Bilking Investors Out of $13.7 Million

Sep. 10–Two years ago, Donald C. O’Neill set up offices in the same polished high-rise building in downtown Fort Lauderdale that houses the U.S. attorney. Now prosecutors say they shared thepremises with a sophisticated crook. O’Neill, prosecutors allege, used the […]

Bank of America says it’s prepared to reimburse shareholders

CHARLOTTE, N.C. (AP) — Bank of America Corp. said it is prepared to make “appropriate restitution” to shareholders who might have lost money because of improper trading of mutual fund shares atits Nations Funds business. The Charlotte-based bank also said […]

When the IMF came to town, time to clear the baggage and move on,

xfdws WHEN-THE-IMF-CAME sked Emerging Markets Datafile September 09, 2003 BUSINESS TIMES MALAYSIA ENGLISH When the IMF came to town, time to clear the baggage and move on, BUSINESS TIMES Zainul Arifin ASIA WorldSources, Inc. 322 MASSACHUSETTS AVENUE 2ND FLOOR, NE […]

When the IMF came to town, time to clear the baggage and move on

IN A meeting with International Monetary Fund (IMF) officials just ahead of its managing director Dr Horst Kohler’s visit last week, the question that surfaced most was, what do Malaysians think ofthe IMF? Are they still angry with the IMF? […]