Monthly Archives: September 2003
Anatomy of a tricky trading scheme
NEW YORK — If it weren’t against the law, a trading scheme that prosecutors say enriched a hedge fund firm and exposed the seamy side of the mutual fund business would be considered a can’t-missinvestment strategy. In its early stages, […]
SEC joins probe, asks funds for documents
NEW YORK — Anxious not to be left behind, the Securities and Exchange Commission moved quickly Thursday to join the growing investigation into a mutual fund trading scandal. SEC enforcement chief Stephen Cutler said the commission was requesting documents from […]
Probe into Wall Street fund firms ; News in brief
NEW York attorney general Eliot Spitzer, who hit Wall Street banks with record fines, launched a probe into illegal manipulation of mutual funds (US unit trusts), warning it may have cost investors’billions of dollars’. He began by naming four fund […]
Now Spitzer puts hedge fund trading on the spot
NEW YORK attorney-general Eliot Spitzer has launched a new campaign against illegal trading schemes which he claims are enriching hedge funds at the expense of small investors. The schemes, which allow the funds to buy mutual fund shares at preferential […]
US-type swindle ‘could hit unit trusts’
THE alleged swindling of millions of mutual fund investors in the US could in theory be replicated with unit trust investors here, a leading independent financial adviser has warned. “It’s technically possible,” said Bestinvest director John Spiers, who added that […]
Charges on funds may echo in Boston
New York’s top securities cop accused four big mutual fund firms yesterday of participating in illegal trading schemes to hand fund shares to certain traders at prices notavailable to most investors. Though New York Attorney General Eliot Spitzer didn’t name […]
Probe May Bring Out Dirt of Mutual Funds
NEW YORK (AP) – Some investment experts have always believed that illegal trades in mutual fund shares is a serious problem that hurts unsuspecting ordinary investors. And now, because of a probe ledby New York Attorney General Eliot Spitzer, it […]
SciQuest Co-Founder, Former LIPSinc Chief Lead University Spinouts
RESEARCH TRIANGLE PARK, N.C.–(BUSINESS WIRE)–Sept. 4, 2003– CED’s Sept. 10 Capital Connection Luncheon Features Affinergy, ArrayXpress The Council for Entrepreneurial Development (CED) today announced that two promising university spinouts – each led by well-known serial entrepreneurs – will present at […]
ERisk Extends Industry-leading Risk & Capital Management Solution
NEW YORK–(BUSINESS WIRE)–Sept. 4, 2003– ERisk Abacus 4.0 delivers broad new customer-driven enhancements; advances ERisk enterprise risk management offerings ERisk, the premiere provider of risk and capital management software solutions, today announced it has significantly strengthened its best-selling economic capital […]
SciQuest Co-Founder, Former LIPSinc Chief Lead University Spinouts
RESEARCH TRIANGLE PARK, N.C.–(BUSINESS WIRE)–Sept. 4, 2003– CED’s Sept. 10 Capital Connection Luncheon Features Affinergy, ArrayXpress The Council for Entrepreneurial Development (CED) today announced that two promising university spinouts – each led by well-known serial entrepreneurs – will present at […]
ERisk Extends Industry-leading Risk & Capital Management Solution
NEW YORK–(BUSINESS WIRE)–Sept. 4, 2003– ERisk Abacus 4.0 delivers broad new customer-driven enhancements; advances ERisk enterprise risk management offerings ERisk, the premiere provider of risk and capital management software solutions, today announced it has significantly strengthened its best-selling economic capital […]
Innovative Start-ups in the Spotlight
<body.content> <block> <p>WELLESLEY, Mass., Sept. 4 /PRNewswire/ — The Ernst & Young/VentureOne Innovation & Growth Exchange Conference will address issues such aswhat types of start-ups are best poised for partnering and advancement in 2004, featuring speakers from leading firms including […]