Pro-Hedge Launches Fund
By Staff WriterTORONTO (HedgeWorld.com)--Pro-Hedge launched a new hedge fund that will charge no management fees in any quarter with negative returns. Company officials, who hail it as a first for the fund business, are selling the new Pro-Hedge Capital Preservation Fund on its "no-fee guarantee." The fund is a low-risk, multi-strategy, multi-manager...
September 10, 2004
Colonial Quantifies Training Program ResultsNew worksite salespeople who get formal sales training sell far more products than those who don't.[@@]Colonial Supplemental Insurance Company, Columbus, S.C., has come to ...
September 10, 2004
ACLI Wants Centralized Military Insurance SupervisionThe American Council of Life Insurers, Washington, is recommending that a centralized command regulate sales of all financial services on military bases.[@@]"The notion of ...
September 10, 2004
Invesco Reaches US$451 Million Market-Timing SettlementDENVER (HedgeWorld.com)--In what may be one of the last of the super-size settlements tied to the mutual fund market-timing/late-trading scandal, AMVESCAP plc's Invesco Funds Group Inc. and AIM Advisors Inc. mutual fund arms agreed Tuesday to a US$451 million settlement of market-timing charges. Those civil charges were brought against Invesco...
September 10, 2004
Invesco Employees Settle with SECDENVER (HedgeWorld.com)--Three former Invesco Funds Group Inc. employees have settled Securities and Exchange Commission charges they helped outside investors conduct extensive market timing in Invesco mutual funds. Timothy J. Miller, former chief investment officer and a portfolio manager; Thomas A. Kolbe, former national sales manager; and Michael D. Legoski, former...
September 10, 2004
Matthews Asian Technology FundMark Headley, manager since inception in December 1999 S&P Rank: 4 Stars Broad Diversity, With A Caveat
September 09, 2004
Benefit Informatics Signs Illinois ClientNU Online News Service, Sept. 9, 2004, 4:18 p.m. EDTBenefit Administrative Systems L.L.C., Homewood, Ill., has agreed to buy benefit plan services and technology ...
September 09, 2004
Kaiser: Employer Health Premiums Rise 11%Employer-sponsored health insurance premiums have increased an average of 11% since 2003, to $3,695 per year for individual coverage and $9,950 per year for ...