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Articles tagged "F-Squared"


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Howard Present was a celebrity on Fox Business in June 2012 before things really began to unravel for him and F-Squared.

Judge shows Howard Present no mercy then verbally shreds him after the F-Squared founder 'fails to understand the wrongfulness of having misrepresented the strategy'

U.S. District Judge Sorokin wants the public record to show -- in no uncertain terms -- that ex-CEO is a high risk to commit further violations

April 5, 2018 at 11:22 PM

The RIA conscience knows no past or future but plenty of sparks.

The top 10 most-read RIABiz articles of 2017 told stories about what RIAs, brokers, vendors can get away with post-DOL rule

Change is abrupt, pain is severe but most of it can be traced to custodians and advisors taking their medicine preemptively

December 28, 2017 at 8:49 PM

David Spaulding: This is recognition that they’ll go after your own pockets too and be aware.

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 at 9:28 PM

Louis Navellier: All Navellier and sub-advised portfolios have GIPS-complaint fact sheets and we have been GIPS-compliant for 20-plus years.

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 at 12:19 AM

CEO, chief compliance officer and chief investment officer Louis Navellier and his firm got a Wells notice Jan. 17.

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 at 8:11 PM

Howard Present (four years ago on Bloomberg TV): It totally makes zero sense to me.

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 at 7:34 PM

The present tense will give way to a future that reveals how a series of big bets -- automated and human-populated -- play out.

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 at 5:22 PM

Julie Riewe: By failing to take steps to verify F-Squared's claims, Virtus solicited investors using materially false and misleading AlphaSector performance data.

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 at 7:08 PM

George Aylward: The agreement is subject to review and approval by the Commission and therefore we cannot provide any additional information or answer any questions.

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 at 7:13 PM

Virtus's latest challenge for its former affiliation with F-Squared is a lawsuit.

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 at 3:54 PM

David Cabot: I know this has been, and remains, a difficult process

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 at 5:38 PM

Tom Dorsey specializes in point and figure charting, which was invented in the 1890s by Charles Henry Dow, founder of the Wall Street Journal and Dow Jones industrial average.

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 at 6:13 PM

Jonathan Haray: The real question is if the evidence will stem to Virtus from F-Squared, and in some sense the investigators are starting from scratch.

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 at 5:19 PM

Howard Present says any blame lies elsewhere.

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 at 10:49 PM

The downtown Hartford headquarters of Virtus Investment Partners

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 at 8:58 PM

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