Category Archives: HedgeCo News

WorldCom Hearing Delayed

NEW YORK, Sept. 8 — A federal bankruptcy judge cut short the start of a hearing today on WorldCom Inc.’s plan to emerge from bankruptcy in order to give rival groups of creditors more time to negotiate a settlement and […]

Lawsuit Filed against Wisconsin Mutual Fund Firm on Behalf of New York Group

Sep. 9–A Brooklyn congregation’s class action lawsuit against Strong Capital Management Inc. is likely the first of many legal actions the Menomonee Falls investment company will face in the wake ofallegations made last week by New York Attorney General Eliot […]

Business briefs

Consumer borrowing increased in July WASHINGTON – Consumers borrowed more freely in July, especially when it came to taking out new loans to finance cars and other big- ticket purchases and to pay for vacations and school. The Federal Reserve […]

Bank of America to Reimburse Investors Hurt by Illegal Mutual Fund Trades

Sep. 9–Bank of America Corp. said Monday it will reimburse investors who may have lost money because of questionable trading practices in its mutual fund division. The announcement comes days after New York Attorney General Eliot Spitzer alleged that Bank […]

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

NEW YORK–(BUSINESS WIRE)–Sept. 9, 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 purchasers ofthe securities of the Strong Funds family of funds […]

CEOs’ Confidence in Economy Posts Significant Gain

SAN DIEGO–(BUSINESS WIRE)–Sept. 9, 2003– Nation’s Business Leaders Share Views on Economic Recovery, Impact of 9/11 and Military Situation in Iraq in Q3 TEC Confidence Index TEC International (http://info.teconline.com), the world’s largest organization of CEOs, today released Q3 results of […]

National Inquiry Cites Two Firms in Oregon College Savings Plans

Sep. 9–The names of two mutual fund companies in Oregon’s college savings plans have surfaced in a national investigation into possible mutual fund trading violations. Strong Capital Management and MFS Investment Management are among possible targets of New York Attorney […]

CEOs’ Confidence in Economy Posts Significant Gain

SAN DIEGO–(BUSINESS WIRE)–Sept. 9, 2003– Nation’s Business Leaders Share Views on Economic Recovery, Impact of 9/11 and Military Situation in Iraq in Q3 TEC Confidence Index TEC International (http://info.teconline.com), the world’s largest organization of CEOs, today released Q3 results of […]

Evening Standard, London, Anthony Hilton Column

Sep. 9–Eyes tend to glaze over in this country when New York state attorney general Eliot Spitzer takes the stage because he is, after all, a man not without his own agenda and political ambitions.That said, he has an uncanny […]

ModelStation v1.6 Delivers Breakthrough Strategy Backtesting and Optimization Performance for Active Fund Managers

BOCA RATON, Fla.–(BUSINESS WIRE)–Sept. 9, 2003–ClariFI, a leading provider of quantitative research and risk solutions, announced today the release and general availability of ModelStation(TM)v1.6. According to company officials, ModelStation(TM) v1.6 heralds a new generation of strategy backtesting with its powerful, […]

ModelStation v1.6 Delivers Breakthrough Strategy Backtesting and Optimization Performance for Active Fund Managers

BOCA RATON, Fla.–(BUSINESS WIRE)–Sept. 9, 2003–ClariFI, a leading provider of quantitative research and risk solutions, announced today the release and general availability of ModelStation(TM)v1.6. According to company officials, ModelStation(TM) v1.6 heralds a new generation of strategy backtesting with its powerful, […]

Squitieri & Fearon, LLP Files Breach of Fiduciary Duty Action for Improper Trading Practices at Janus Mutual Funds — JAMRX

Squitieri & Fearon, LLP Files Breach of Fiduciary Duty Action for Improper Trading Practices at Janus Mutual Funds — JAMRX NEW YORK, Sept. 9, 2003 (PRIMEZONE) — Squitieri & Fearon, LLP has filed a lawsuit charging improper trading practices at […]