Author Archives: the HedgeCo News Team

A former broker at Bank of America has been charged with larceny and securities fraud, accused of helping a hedge fund engage in after-hours trading of mutual fund shares. The broker, Theodore Sihpol3rd, is the first to face criminal charges […]

NEW YORK–(BUSINESS WIRE)–Sept. 18, 2003– <pre><br> Net Income up 90.6% to $313.4 Million, Nearly Doubling from $164.4<br> Million in Third Quarter 2002<br><br>Pre-Tax Profit Margin Hits 32.5%<br><br> Quarterly ROE 21.3% : Trailing 12-Month ROE 19.0%<br></pre> The Bear Stearns Companies Inc. (NYSE:BSC) […]

xfdws HIGH-YIELD-BONDS sked Emerging Markets Datafile September 18, 2003 HONG KONG IMAIL HONG KONG ENGLISH High-yield bonds tipped to stay strong, HONG KONG IMAIL Foster Wong ASIA WorldSources, Inc. 322 MASSACHUSETTS AVENUE 2ND FLOOR, NE WASHINGTON, DC 20002 COPYRIGHT 2003 […]

As regulators step up their probe into allegations of improper activity by mutual funds, a new study suggests illegal late trading may be more widespread than previously reported. The study by Stanford University Prof. Eric Zitzewitz found that late trading […]

<body.content> <block> <p>NEW YORK, Sept. 17 /PRNewswire-FirstCall/ — Advent Software, Inc. , the leading provider of software to the financial services industry, announces thelaunch of “Advent(R) for Asset Managers,” a comprehensive solution of software, data, and services designed specifically for […]

NEW YORK – State authorities filed criminal charges Tuesday against a former Bank of America broker allegedly at the center of illegal mutual fund trades they say cost investors tens of millions ofdollars. Theodore Sihpol III, 36, surrendered to authorities […]

Three investors have sued the Janus mutual funds company in federal court, accusing it of illegal trading practices that harmed shareholders. One suit alleges favored customers of the Denver-based company were allowed to “time” their mutual fund trades. The suit, […]

<body.content> <block> <p>NEW YORK, Sept. 17 /PRNewswire-FirstCall/ — The law firm of Milberg Weiss Bershad Hynes &amp; Lerach LLP announces that a class action lawsuit wasfiled in the District of Colorado on September 16, 2003, on behalf of purchasers of […]

Sep. 17–The first charges were filed Tuesday in the sweeping investigation of mutual fund trading practices that allegedly cost investors hundreds of millions of dollars, and authorities signaledmore are likely to follow. Former Banc of America Securities broker Theodore Sihpol […]

Sep. 17–Once again, Wall Street finds itself under suspicion. More calls poured in Tuesday for the resignation of New York Stock Exchange chairman Richard Grasso over his hefty pay package. And the first criminal charges were filed in an expanding […]

NEW YORK (AP) – U.S. university endowments produced positive investment returns in the last school year as they shifted more money into a rising stock market, according to a survey released Wednesdayby the Commonfund Institute. Commonfund, a Wilton, Conn., investment […]

NEW YORK – As regulators step up their probe into allegations of improper activity by mutual funds, a new study suggests illegal late trading may be more widespread than previously reported. The study by Stanford University Prof. Eric Zitzewitz found […]