Author Archives: the HedgeCo News Team
Regulators want fund industry data
Federal and state regulators have unleashed a barrage of requests for information about market timing and after-hours trading of mutual fund shares as part of broad new inquiries into the industry. Secretary of State William Galvin’s staff sent requests to […]
Strong chief says inquiry comes as a surprise
Strong chief says inquiry comes as a surprise Company is doing its own review of trading by hedge fund, he says By KATHLEEN GALLAGHER [email protected], Journal Sentinel Saturday, September 6, 2003 The New York attorney general’s investigation into questionable mutual […]
SEC Probe After-Hours Mutual Fund Trading
WASHINGTON (AP) – Federal securities regulators are seeking information from most of the nation’s mutual fund companies as part of a new inquiry into after-hours and short-term trading following acomplaint from New York’s attorney general alleging widespread fraud in the […]
Industry drive to counter FSA’s negative stance on hedge funds
HEDGE funds are not new, but the out-performance of short- selling strategies, in particular, in the last few years has focused attention on the industry. And the cry to make hedge funds available toretail investors is getting louder. This week […]
A dark summer for Somerfield ; THE WEEK IN REVIEW
Serco Whether you like it or not, Serco is going to play a big part in the Government’s shake-up of the public sector. The company already provides a vast array of services for the state, from decomissioning nuclear weapons and […]
Copies of Complaints Filed Against Mutual Funds Can Be Viewed at www.bernlieb.com
NEW YORK, NY — (MARKET WIRE) — 09/05/2003 — Class action lawsuits were commenced in Colorado and Wisconsin State Courts on behalf of all purchasers, redeemers and holders of mutual fund shares ofJanus High-Yield Fund (NASDAQ: JAHYX), Janus Mercury Fund […]
Bernstein Liebhard & Lifshitz, LLP Announces Class Action Lawsuit Commenced Against Janus Capital Management, LLC, Janus High-Yield Fund and Janus Mercury Fund
NEW YORK, NY — (MARKET WIRE) — 09/05/2003 — A class action lawsuit was commenced in Colorado State Court on behalf of all purchasers, redeemers and holders of mutual fund shares of JanusHigh-Yield Fund (NASDAQ: JAHYX) and Janus Mercury Fund […]
Bernstein Liebhard & Lifshitz, LLP Announces Class Action Lawsuit Commenced Against Strong Capital Management, Inc. and Certain of Its Mutual Funds
NEW YORK, NY — (MARKET WIRE) — 09/05/2003 — A class action lawsuit was commenced in Wisconsin State Court on behalf of all purchasers, redeemers and holders of mutual fund shares of Strong GrowthFund (NASDAQ: SGROX), Strong Large-Cap Growth Fund […]
Bank of America Looks Inward Amid Allegations
Sep. 6–In his first major crisis since taking over Bank of America Corp. in the spring of 2001, Chief Executive Ken Lewis said Friday he would punish any employees involved in improper trading ofmutual fund shares. “We have a keen […]
50 telecoms jobs go
A GLASGOW company is to cut at least 50 jobs at its headquarters as part of a major shake-up. Telecoms networking firm Damovo and its financial backers, venture capital firm Apax Partners, have said they are unable to rule out […]
New Venture Funds Content With Less
ComVentures, a California venture capital firm that manages $1.2 billion in assets, plans to announce this month that it has raised a new $300 million fund, becoming only the second Silicon Valleyventure firm this year to raise such a sizable […]
Network-Management Software Startup Leads Oregon Venture Capital out of Hiding
Sep. 6–A nascent pickup in the U.S. economy and a run-up in stock prices may be bringing Oregon’s long-dormant venture capital community out of hibernation. UXComm, a network-management software startup that is moving to Hillsboro, said Friday it had raised […]