Author Archives: the HedgeCo News Team

Scandals taint college savings plans; investors may have to wait on changes By JOHN KIMELMAN New York Times Sunday, November 23, 2003 Over the last few years, investors’ biggest complaint about state- sponsored college savings plans was that they often […]

SCANDAL SUMMARY Many companies have lost employees over market timing Sunday, November 23, 2003 Many mutual fund companies find themselves caught in New York Attorney General Eliot Spitzer’s widening net. Many more firms than are on this list have been […]

Aren’t charges at Strong due? It’s been almost 3 months since first accusation By KATHLEEN GALLAGHER AND PAUL GORES [email protected] Sunday, November 23, 2003 New York Attorney General Eliot Spitzer told a congressional committee earlier this month that Richard S. […]

THE SAVINGS GAME Weed out funds that fail high standards By HUMBERTO CRUZ Tribune Media Services Saturday, November 22, 2003 As helpless and confused as we may feel about the ever-growing mutual fund scandal, we the individual investors have the […]

Nov. 22–Federal prosecutors in New York are jumping into the widening investigation of improper mutual fund trades. The U.S. attorney for the Southern District in Manhattan, James Comey, has subpoenaed Bear Stearns & Co. “seeking information regarding trading in shares […]

OLD Mutual’s US group Pilgrim Baxter could face settlement costs of $250 million (148 million) over trading violations in the widening mutual funds scandal. US regulators have brought charges against the two founders of Pilgrim Baxter, threatening to make an […]

Tokyo, Nov. 21 (Jiji Press)–Tokyo stocks are seen top-heavy next week, as buying on expectedly upbeat bank earnings would be countered by unabated position-adjustment selling. Growing concern over terrorism could also check active buying, traders forecast. Major Japanese banks next […]

Photo-Me International has had a fairly torrid time since the start of the month and last night it became clear exactly who has been exerting the selling pressure. It’s the market’s old friend SimonCawkwell, aka Evil Knievil. This week it […]

Ex-fund chiefs tied to fraud PBHG founders permitted improper trading, regulators say By REED ABELSON AND RIVA ATLAS New York Times Friday, November 21, 2003 Regulators on Thursday accused Gary L. Pilgrim and Harold J. Baxter, founders of PBHG mutual […]

Regulators filed civil fraud charges against the two founders of the Pilgrim Baxter mutual fund family Thursday, saying they made millions for themselves and friends in an improper trading schemethat harmed other fund shareholders. Gary Pilgrim and Howard Baxter were […]

A $750 million (E629 million) hedge fund quoted on the Irish Stock Exchange is under investigation by two US regulatory agencies over its valuation policies. Davy Stockbrokers is the sponsoring broker of the Trinity Fund, which is based in the […]

HACKENSACK, N.J.–(BUSINESS WIRE)–Nov. 21, 2003–Global Investment Systems, announced today that its June 2003 release of MSHARE(R) had features in place to combat market timing, once again, provingGIS is the leader in anticipating industry trends and providing for client needs. In […]