Author Archives: the HedgeCo News Team
Mutual fund informant steps forward ; Ex-Canary manager helped spark huge probe
For months, the roots of the sprawling investigation that has rocked the nation’s mutual fund industry have been shrouded in mystery. But now, the woman who blew the whistle on Edward J. Stern, launching a wide-ranging probe, has stepped forward. […]
Capco Assists Cargill’s Global Capital Markets in Launching New Asset Management Business
NEW YORK & MINNEAPOLIS–(BUSINESS WIRE)–Dec. 10, 2003–Capco, the global financial services and technology solutions provider, announces the completion of an advisory engagement to assist in thelaunch of Black River Asset Management LLC (Black River), an alternative asset management company recently […]
(EQU.PA) FutureTrade Selects Radianz for Connectivity to Trading Venues and Customers
NEW YORK & LAKE FOREST, Calif.–(BUSINESS WIRE)–Dec. 10, 2003–FutureTrade Technologies LLC and Radianz today announced a multiyear pact that will enable FutureTrade to use Radianz’s marketinfrastructure, RadianzNet, for connectivity to electronic communications networks (ECNs) and to its clients. FutureTrade’s innovative […]
Law Offices Of Charles J. Piven, P.A. Announces the Filing of a Class Action Suit Against Federated Investors, Inc. and its Federated Family of Mutual Funds on Behalf of Investors — FGEIX, WUFAX, FGOAX, FGUAX
BALTIMORE, Dec. 10, 2003 (PRIMEZONE) — Law Offices Of Charles J. Piven, P.A. announces that a class action lawsuit has been filed in the United States District Court for the Western District ofPennsylvania on behalf of all purchasers of the […]
Wednesday’s Commodities Roundup
NEW YORK (AP) – Crude futures prices settled incrementally higher Wednesday on the New York Mercantile Exchange, reflecting gyrations in the natural gas market and concerns of continual draws in U.S.commercial oil supplies. January light, sweet crude futures settled at […]
Putnam discounts to keep biz
Connecticut’s state treasurer said yesterday that she squeezed $225,000 in discounts from Putnam Investments for her state’s pension fund as part of a deal to stay with the Hub money manager as itgrapples with the fallout from civil fraud charges. […]
The Baltimore Sun Jay Hancock Column
Dec. 10–T. ROWE PRICE LIKELY REAPING REWARDS OF HONESTY: Janus Capital, which secretly allowed select investors to rapidly trade in and out of its mutual funds while it publicly claimed todiscourage the practice, saw $2 billion walk out the door […]
Exec stepped up to help small funds investors
Exec stepped up to help small funds investors From Associated Press, Bloomberg News and New York Times reports Wednesday, December 10, 2003 Noreen Harrington, the Wall Street executive whose tip triggered the mutual fund investigation, says she stepped forward because […]
Whistleblower Surprised by Cos. Actions
NEW YORK (AP) – The Wall Street executive whose tip triggered the mutual fund investigation says she stepped forward because she was worried that small investors were being hurt – but had no idea somany companies were tainted by improper […]
Maximum Dynamics, Inc. Announces Another Appointment to Its Advisory Board
COLORADO SPRINGS, CO — (MARKET WIRE) — 12/09/2003 — Maximum Dynamics, Inc. (OTC BB: MXDY), a technology solutions company that combines cutting edge technology with its back office andadministration services to provide virtually any customized service to any company, announced […]
Former Security Trust Exec Pleads Guilty
A former senior executive at Security Trust Co. pleaded guilty Tuesday to charges that she facilitated illegal mutual fund trading in a scheme that cost investors millions – the latest admission ofwrongdoing in an industrywide scandal. The plea by Nicole […]
Nightly Business Report
xfdce NIGHTLY-BUSINESS-REPO-00 Show: NIGHTLY BUSINESS REPORT> Date: December 9, 2003> Time: 18:30:00> Tran: 120900cb.118> Type: SHOW> Head: Nightly Business Report> Sect: Business> Byline: Paul Kangas, Linda O`Bryon> Guest: Daniel Henninger> Spec: Business; Economy> Time: 00:00:00> PAUL KANGAS, NIGHTLY BUSINESS REPORT […]