The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Probe Hits Home Across the Puddle Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, April 28, 2004

Probe Hits Home Across the Puddle

by: Caitlin  Pickall

Bloomberg is reporting that Amvescap Plc may be expecting costs of the New York Attorney General's investigation into improper mutual fund trading at Amvescap's Denver-based INVESCO Funds Group to run as high as $300 million.

The estimate comes from a chart in an internal document mistakenly sent to analysts on Tuesday. It includes a $300 million "exceptional item" related to debt covenants.

Company spokesperson Douglas Kidd told Bloomberg that the information came from "an internal working document that included a range of assumptions and no reliance should be placed on it."

Recipients of the presentation, which contained forecasts of full-year performance and budget, were barred from trading on the information it contained until Amvescap made the document public on its website.

Amvescap operates under the AIM, INVESCO and Atlantic Trust brands.  

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

©All rights reserved to InvestmentWires, Inc. 1997-2020
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use