Author Archives: the HedgeCo News Team

Nov. 17–As I was walking to work last Friday, I approached the townhouse of a money manager friend named John. Two detectives were waiting in front of the garage. A car pulled up. The first detective flashed his badge. I […]

NEWS ANALYSIS Leader of fund used market timing to bleed away millions in profits By FLOYD NORRIS New York Times Sunday, November 16, 2003 Who would have thought that Gary L. Pilgrim would seek to profit at the expense of […]

Avrum D. Lank Spreading educational tax break a fine idea By AVRUM D. LANK of the Journal Sentinel staff Sunday, November 16, 2003 Support is building in Madison for a simple idea — extending the state tax advantage of Wisconsin’s […]

Is this a modern-day gold rush? The price of bullion jumped to its highest level since March 1996 last week as speculators continued to chase commodities. Gold has been a good performer this year,rising from $351 per troy oz in […]

PHILADELPHIA (AP) – The founders of Pilgrim Baxter & Associates, Gary L. Pilgrim and Harold J. Baxter, will be paid about $69 million by their fund family’s parent company, despite theirresignations in the midst of the sweeping national probe of […]

Schwab finds improper trading in funds SEC, state regulators may fight over enforcement turf By LANDON THOMAS JR. New York Times Saturday, November 15, 2003 Charles Schwab, the discount broker that revolutionized the mutual fund industry, said Friday that it […]

PHILADELPHIA (AP) — The founders of Pilgrim Baxter & Associates, Gary L. Pilgrim and Harold J. Baxter, will be paid about $69 million by their fund family’s parent company, despite theirresignations in the midst of the sweeping national probe of […]

If last week’s rise in interest rates is making you worry about your finances, spare a thought for the poor super-rich. It seems that despite sitting on wealth that most people can only dream about, some are in fact finding […]

Nov. 15–Charles Schwab, which has built a reputation as the little investor’s friend, revealed yesterday that it’s investigating mutual-fund trades that favored a select few. The discount brokerage said there’s been after-hours trading in mutual funds it sells, which is […]

Tokyo, Nov. 14 (Jiji Press)–Tokyo stocks are seen moving on a soft note next week, as a deteriorating supply-demand balance is likely to weigh heavily on the key Nikkei average. “The Tokyo market has a downside risk and the Nikkei […]

Tokyo, Nov. 14 (Jiji Press)–Tokyo stocks are seen moving on a soft note next week, as a deteriorating supply-demand balance is likely to weigh heavily on the key Nikkei average. “The Tokyo market has a downside risk and the Nikkei […]

Tokyo, Nov. 14 (Jiji Press)–Stocks tumbled on the Tokyo Stock Exchange Friday, dragged down by selling of pricey technology issues amid the yen’s rise versus the dollar. Individual investors, who snapped up their darling Internet business investor Softbank and many […]