Clock ticks down for fund timers

Thu Jan 1, 2004



Hedge funds have avoided much of the flak, but not for much longer

With New York State Attorney General Eliot Spitzer going after the unsavory practices of mutual fund timers, one would have thought that the game was up for the strategy. But not so. While most of the funds that were involved have quietly gone away, hoping that no one noticed them, a small but vocal group is gearing up for a counterattack...of sorts.

At first glance it might seem like a side show to the larger scandal, but activists from a pro-mutual fund timing group called the "Society of Asset Allocators and Fund Timers," based in Colorado, are infuriated that the timing techniques employed by their 200 members - including hedge funds - with $15 billion in assets...

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