Pilgrim-Baxter Founders Agree to Record Market-Timing Fine
Congratulations, Dick Strong. You're no longer at the top of the list of mutual fund executives who've had to reach into their own pockets to pay fines and penalties for allowing market timing. Number One with a bullet this week are Gary L. Pilgrim and Harold J. Baxter, co-founders of...
Pilgrim Baxter Settles Market Timing Charges
Pilgrim Baxter & Associates Ltd. agreed to pay US$90 million in fines and civil penalties, lower its management fees by US$10 million over the next five years and implement other governance changes in separate settlement agreements with federal and state regulators announced Monday
SEC Names New Head of Midwest Office
Merri Jo Gillette, who helped lead the Securities and Exchange Commission's lawsuit against Pilgrim Baxter & Associates Ltd. for market timing of PBGH mutual funds, has been named regional director of the SEC's Midwest Regional Office.
Class Action Lawsuit Filed against Appalachian Trails and Pilgrim
NEW YORK (HedgeWorld.com)--Milberg Weiss Bershad Hynes & Lerach LLP named hedge fund Appalachian Trails and its co-founder and general partner as defendants in a class-action...
Managers Special Equity Replaces One of Five Subad
Sept. 25, 2002 -- Managers Funds said the trustees of Managers Funds Special Equity (MGSEX) named Donald Smith & Co. as a subadviser of the...