What was the Pilgrim Baxter & Associates response to the settlement?
Throughout the settlement process, the priority of PBA has been to work in close cooperation with the regulators to ensure that the interests of the accountholders were protected. They believe that these agreements, along with other measures that have been taken by the advisor in recent months, bring significant long-term benefits to accountholders of the PBHG Funds. For additional information regarding this question, please refer to the following websites: https://investors.oldmutualfunds.com/utilities/legal/regulatory-updates.aspx http://www.omfunds.com/inside/Settlement_QA.
