Articles tagged "F-Squared"


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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

What the collective unconscious of RIAs in 2015 revealed as crunched by RIABiz article readership

Those taking new and interesting risks, very much including the ones behind robo efforts, created the kind of drama that an advisor mind could appreciate

December 28, 2015 — 5:22 PM UTC

SEC leaves little doubt that Virtus knew to be suspicious of what it was selling yet kept those concerns from wholesalers

After concerns were raised Virtus grabbed for earplugs -- a move that made economic sense in retrospect

November 24, 2015 — 7:08 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

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

August 26, 2015 — 3:54 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

SEC denies Freedom of Information request by RIABiz related to Virtus funds as Ameriprise and TD Ameritrade become latest biggies to cut ties

The regulator's non-response isn't proof of an investigation but big broker-dealers continue to see smoke as fire -- and Virtus's own SEC docs seem to warn of potential trouble brewing

March 30, 2015 — 5:19 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 the alternative investments category got bastardized and why that's a shame

A decade on, the investment industry is fast destroying a promising asset class

January 27, 2015 — 6:19 PM UTC

Big brokers take action on F-Squared funds and Virtus shares reel as SEC actions sink in

Lawyers are now threatening class action suits against the $28-billion ETF manager and firms like Raymond James, Stifel and Wells Fargo are making their wariness official

January 22, 2015 — 8:01 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