Virtus bites bullets with F-Squared firing, Dorsey Wright hiring and an admission that it'll likely pay a $5-million-plus SEC settlement
The Hartford fund company set aside $5.2 million, warned it may need more and is replacing interstellar algorithms with a Virginian's figurings
If you look at Dorsey Wright performance since 1994 they haven’t beat the market and lost just as much as the market did in bear markets. Only there hypothetical models how good past performance and that is because after the lost money too in 2008 they revised their models to make them look better my restating the hypothetical performance. If you look at the total performance of all their funds and manged accounts you’ll see in some cases they lost even more than the stock index.
Biz Briefs: SEC cracks down anew on RIA reverse churning ~ Envestnet borrows $350 million to buy its own stock ~ Fidelity is creating a crypto waiting list while exec questions crypto ecosystem
Fed up SEC is ready to take on all nonsense at once; stock shocks, Orwell's new name game; Fidelity hosts a line dance