How investigators say a star fund manager illegally took $600 million from some clients and steered it to others

Date:

Share post:




Ken Leech, the star investor behind bond funds with $308 billion in assets under management, illegally steered hundreds of millions of dollars into ones held by preferred clients at the expense of funds held by less-favored customers, investigators say.



Source link

Alexandra Williams
Alexandra Williams
Alexandra Williams is a writer and editor. Angeles. She writes about politics, art, and culture for LinkDaddy News.

Recent posts

Related articles

JPMorgan, Citi, Wells Fargo and Goldman’s earnings results may boost banks stocks further

The largest banks in the U.S. may justify further gains in stock prices if their earnings updates...

Stock-market investors are getting nervous about this bond-market move that’s only happened twice in over 40 years

Stock-market investors are turning jittery over something which has apparently happened only two times in the bond...

Here’s how Trump could impose tariffs on Denmark in a bid to control Greenland

President-elect Donald Trump Tuesday threatened to place new tariffs on imports from Denmark unless the country gives...

Why eggs are nearly $9 a dozen in California — and when prices could drop

Egg prices at the grocery store shocked many consumers over the recent holiday season, and those prices...

Oil prices struggle for direction as U.S. crude supplies fall and product stocks rise

Oil futures struggled for direction on Wednesday after the U.S. Energy Information Administration reported that commercial crude...

Here’s the real winter-storm effect on natural-gas prices and heating bills

The recent rally in natural-gas prices raised an alarm among consumers suffering from a cold snap in...

McDonald’s new McValue menu foreshadows cheaper fast food elsewhere — and more struggles for chains, analysts say

After fast-food chains tried to win over inflation-weary customers with discounts last year, McDonald’s Corp. kicked off...

Are ‘Magnificent Seven’ bonds now worth buying after months-long selloff?

With yields on the 30-year Treasury bond at their highest level in a year, the so-called Magnificent...