What has Pilgrim Baxter & Associates (Liberty Ridge Capital) done to ensure this does not happen in the future?
Strict protocols to combat market timing in the PBHG Funds are now fully disclosed in the prospectuses governing the funds, and the implementation of new redemption fees, effective on June 1, 2004; serve as an additional and highly effective deterrent against the short term trading of funds. These policies were designed and implemented to serve the interests of long-term investors by seeking to eliminate opportunities for market timers to profit from the rapid short-term trading of the funds.
Related Questions
- The former PBHG Funds (now Old Mutual Funds) are currently advised by Liberty Ridge Capital Management. Does this change affect the terms of the settlement?
- What has Pilgrim Baxter & Associates (Liberty Ridge Capital) done to ensure this does not happen in the future?
- What was the Pilgrim Baxter & Associates response to the settlement?
