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Citigroup Adds Funds to Mat and ASTA

The investing public and Wall Street has surely made note of the recent bailout of megabank, Citigroup’s, Asta and Mat hedge funds due to uncertainty in the once-safe municipal bond market. The latest news brings one more warning to be wary of hedge funds whether you invest in them or manage them. According to Financial […]

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Bloomberg Names Regions Morgan Keegan As Worst Performing Bond Fund

On December 28, 2007 Bloomberg news reported: “The worst-performing bond fund was the $190 million Regions Morgan Keegan Select high Income, which plunged 59 percent because of losses tied to subprime mortgages.  It’s managed by Jim Kelsoe at Morgan Asset Management Inc. in Memphis, Tennessee.   The Morgan Keegan bond mutual funds are “worst in […]

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Regulators Scrutinize Bear Hedge Fund Redemption

Federal regulators are investigation whether Bear Stearns hedge fund managers withdrew money from the now bankrupt funds shortly before the funds froze investor redemptions. The Securities and Exchange Commission and United States Attorney are investigating reports that Ralph Cioffi, the Bear Stearns hedge fund manager, withdrew $2 million of his $6 million investment and invested […]

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Investors Suffer Losses in Morgan Keegan Bond Funds

Investors in various Morgan Keegan Bond Funds have suffered huge losses over recent months. Many of these Morgan Keegan Bond Funds have experienced losses in their net asset values of more than 50% since the beginning of 2007, most of these losses coming in the past five months. Specifically, the following Morgan Keegan Bond Funds […]

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Indiana Charity Files Arbitration Claims Against Bond Fund Advisor Over Sub-Prime Losses

Last week, an Indiana charity that “makes wishes come true” for children with life threatening illnesses filed arbitration claims over sub-prime related losses it allegedly suffered in a bond fund managed by Regions Morgan Keegan.  The Indiana Children’s Wish Find claimed that it lost $48,000 or 22% of its $220,000 investment in the Regions Morgan […]

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