Allegations in Virtus class action relate to the fund company using a track record improperly calculated by its subadvisor
The suit says the track record was fabricated using backtested hypothetical results that were not only falsely presented to investors but were themselves grossly inflated
That’s quite a retraction… I suppose that’s what you get when a kid just out of college writes articles about an industry in which he has no formal education or work experience….
Two retractions in one day? I guess “Accuracy in Journalism” is an elective at the University of Chicago…..
Does this suit really claim these people were trying to hide evidence by deleting emails? Trust me, I worked in data services – you can’t make emails disappear by deleting them. Just ask Hillary.