Articles tagged "Howard Present"


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Guilty as charged, Howard Present retreats to no-harm, no-foul defense in sentencing phase

Back against the wall, the ex-F-Squared CEO hopes for leniency because 'no investors suffered losses' as SEC seeks $11-million disgorgement and $150K penalty

October 24, 2017 — 9:28 PM UTC

Louis Navellier ready to present 'extremely strong defense' to daunting SEC fraud charges

The Florida-based mutual fund owner says he advertised using GIPS-compliant material such that: 'I didn't sell this at all'

September 19, 2017 — 12:19 AM UTC

Navellier is latest to catch F-Squared affliction as SEC broadens parameters of wrongdoing

The Reno, Nev.-based $1B advisory firm and its CEO are No. 17 on the Commission's hit parade and may not be the last, experts say

March 27, 2017 — 8:11 PM UTC

How promise to wife looms large for ex-F-Squared chief as SEC seeks to deny him court date

Docket filings tell dramatic tale of how Howard Present allegedly looked the other way on inflated backtest returns while laboring under duress of losing his dream

February 1, 2017 — 7:34 PM UTC

Catching shareholders short, SEC lets Virtus skate with $16.5 million tax-deductible settlement after alleged 'willful blindness'

Observers say the Hartford, Conn.-based mutual fund company turned a blind eye to a fictitious track record but the SEC saw fit to mete out a not-so-big fine

November 4, 2015 — 7:13 PM UTC

Bean Town Brahmins -- ex-Windhaven execs -- may pay as much as $100 million for F-Squared remains

The embattled Wellesley, Mass.-based ETF manager filed Chapter 11 to make a sale contingent on transitioning its remaining $5 billion of managed assets

July 10, 2015 — 5:38 PM UTC

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

May 21, 2015 — 6:13 PM UTC

In reply to SEC, Howard Present blames bad advice for any alleged wrongdoing

The F-Squared founder cries foul for what the SEC calls fraud

March 24, 2015 — 10:49 PM UTC

Where Virtus stands after F-Squared seemingly led it astray, to mutual benefit

The Hartford, Conn. firm is raising no alarms with investors but a handful of Virtus ex-employees are expressing confusion about how it all went down

February 9, 2015 — 8:58 PM UTC

How Howard Present parlayed an intern's algorithm into a small fortune -- and when the SEC says he knew of a mega-disconnect

The SEC alleges that the former F-Squared CEO engaged in a massive cover-up with lies, and the fabrication related to faulty backtesting

January 6, 2015 — 6:20 PM UTC

Following serious questions about how it calculated returns, F-Squared hires a new CEO after the old one leaves

On a short Raymond James, RBC and Wells Fargo leash, the biggest ETF manager in the industry with $28 billion loses Howard Present and brings up Laura Dagan from its board of directors

December 4, 2014 — 12:36 AM UTC
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