Author Archives: the HedgeCo News Team
Resignation and lawsuit widen funds scandal
Richard Strong has relinquished control of the mutual fund company he founded, and regulators have filed suits accusing Invesco Funds Group and its chief executive of securities fraud in theburgeoning investigation of improper trading. Strong is under pressure from the […]
Former Investment Managers Confirm Take After Stake Sale of Sports Club
Dec. 4–Shrewd followers of the soap opera of Manchester United’s escalating share price will already know where to look for the next stock market raid by rich men with fat wallets. Lansdowne Partners, a secretive West End-based hedge fund led […]
Trading cutoff urged SEC tries to curb mutual fund abuse
WASHINGTON – Federal regulators on Wednesday proposed to close a loophole that allows after-hours trading in mutual funds, in a bid to help restore investor confidence shaken by a spreading scandal. The Securities and Exchange Commission voted 5-0 to tentatively […]
Amvescap Shares Take a Beating on US Fears
Dec. 4–Shares in London-listed Amvescap dropped 14 pence to 389 1/2 pence in heavy trading as investors fretted it might lose investment funds on the back of a civil action for fraud at its USsubsidiary Invesco Funds Group (IFG). In […]
Investment Firm in Great Britain Trims Stake in Manchester United
Dec. 4–Legal & General Investment Managers, the biggest institutional shareholder in Manchester United, has sold its stake to below the magic 3 percent level in a move highlighting the club’snew-found status as a plaything for tycoons. With its 7.8 million […]
Rich Pickings Of Ex Merrill Duo In M
SHREWD followers of the soap opera of Manchester United’s escalating share price will already know where to look for the next stock market raid by rich men with fat wallets. Lansdowne Partners, a secretive West End-based hedge fund led by […]
Amvescap shares take a beating on US fears
SHARES in London-listed Amvescap dropped 14p to 3891/2p in heavy trading as investors fretted it might lose investment funds on the back of a civil action for fraud at its US subsidiary Invesco FundsGroup (IFG). In a clear sign of […]
Ibbotson Announces 2004 Asset Allocation Conference
CHICAGO, Dec. 4, 2003 (PRIMEZONE) — Ibbotson Associates, a leading provider of investment tools and knowledge, today announced that its 2004 asset allocation conference will be held January 22-23 atthe Orlando World Center Marriott Resort and Convention Center. The company […]
Tokyo Stocks Rebound as Market Focuses on U.S. Events
Tokyo, Dec. 4 (Jiji Press)–Stocks rebounded on the Tokyo Stock Exchange Thursday, led by the strength of stock index futures, but the key Nikkei average was stuck in a tight range for most of theday amid a wait-and-see mood ahead […]
Tokyo Stocks Rebound in Morning on Buybacks
Tokyo, Dec. 4 (Jiji Press)–Stocks rebounded on buybacks on the Tokyo Stock Exchange Thursday morning, but the key Nikkei average became top-heavy after approaching a major resistance line of 10,500. “Investors covered short positions as they found difficulty chasing stocks […]
Federal, New York Regulators Accuse Invesco Funds Group of Fraud
Dec. 3–Federal and New York regulators filed civil complaints Tuesday against Invesco Funds Group and CEO Raymond Cunningham, the latest salvo launched in the probe of questionable trading practicesin the mutual fund industry. The complaint accuses Cunningham and the company […]
The Dow Index Remains Fairly Valued Says Johnson Graduate School Study
<body.content> <block> <p>ITHACA, N.Y., Dec. 3 /PRNewswire/ — The Parker Center for Investment Research, an academic think tank and research institute housed at CornellUniversity’s Johnson Graduate School of Management, today said its proprietary analysis shows that the Dow Jones Industrial […]