Author Archives: the HedgeCo News Team

About the HedgeCo News Team

The Hedge Fund News Team stays on top of breaking news in the Hedge Fund industry on an hourly basis. Signup to HedgeCo.Net to recieve Daily or Weekly news updates from our team.

Smart and Associates, LLP Names Louis McCall Director Of Accounting and Assurance Services

<body.content> <block> <p>PHILADELPHIA, Dec. 3 /PRNewswire/ — Smart and Associates, LLP is pleased to announce that Louis McCall has joined the firm as Director of Accounting andAssurance Services.</p> <p>(Logo: <a>http://www.newscom.com/cgi-bin/prnh/20031203/DCW043LOGO-a</a> )</p> <p>Lou has over 22 years experience providing clients withaudit, […]

Strong steps down

Strong steps down Embattled funds chairman says he’ll move to divest By KATHLEEN GALLAGHER [email protected], Journal Sentinel Wednesday, December 3, 2003 Battered by three months of accusations against him and his company, Richard S. Strong resigned Tuesday as Strong Financial […]

Regulators say Invesco defrauded its shareholders ; N.Y., SEC accuse fund firm of allowing market timing

NEW YORK – Regulators charged Invesco Funds Group Inc. and its chief executive with civil fraud Tuesday in the rapidly expanding mutual fund trading scandal. In separate filings, New York State Attorney General Eliot Spitzer and the Securities and Exchange […]

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 […]

The Baltimore Sun Jay Hancock Column

Dec. 3–MONEY COMES IN EASY GOBS TO THE TRULY CLAIRVOYANT: Relying on nothing except your investment skill, economic knowledge and clairvoyant powers, you could have turned $25,000 into $2 millionthis year by market-timing Rydex Funds. It’s Jan. 2, 2003. Knowing […]

Zimmerman, Levi & Korsinsky, LLP Announces Class Action Lawsuit on Behalf of Shareholders in PBHG Mutual Funds

<body.content> <block> <p>NEW YORK, Dec. 2 /PRNewswire/ — The law firm of Zimmerman Levi &amp; Korsinsky LLP has filed a class action lawsuit in the United States DistrictCourt for the Eastern District of Pennsylvania on behalf of all purchasers, redeemers […]

Invesco, CEO Charged in Mutual Fund Case

NEW YORK (AP) – Regulators charged Invesco Funds Group Inc. and its chief executive with civil fraud on Tuesday, saying the company set up a sophisticated system to recruit big-money market timersdespite complaints from its own employees that shareholders were […]

Invesco and Invesco CEO charged in mutual fund scandal

NEW YORK (AP) — Regulators charged Invesco Funds Group Inc. and its chief executive with civil fraud on Tuesday in the rapidly expanding mutual fund trading scandal. In separate filings, New York State Attorney General Eliot Spitzer and the Securities […]

Global Partners Group Expands Marketing Team With Hedge Fund Expert Larry Ortega

FORT LAUDERDALE, Fla.–(BUSINESS WIRE)–Dec. 2, 2003–Global Partners Group (GPG), a diversified financial services firm headquartered in Fort Lauderdale, Florida, has named Larry Ortega VicePresident of Institutional Portfolio Development in its asset management division. One of the areas of specialization for […]

Source Invesco to face civil charges from New York state, SEC

NEW YORK (AP) — Regulators were preparing to file civil charges Tuesday against Invesco Funds Group Inc. and its chief executive in the rapidly expanding mutual fund trading scandal. New York State Attorney General Eliot Spitzer and the Securities and […]

Babson Forum for Entrepreneurship and Innovation to Be Held Nov. 14; Monster.com Founder Jeff Taylor to Keynote

WELLESLEY, Mass., Nov. 10 (AScribe Newswire) — The Babson Forum for Entrepreneurship and Innovation will be held Friday, Nov. 14, 2003, 8 a.m. – 3 p.m., featuring keynote speaker Jeff Taylor,Founder, Monster.com. Taylor’s address will be followed by three rounds […]