Alliance Suspends Tech Fund Manager
Firm takes action as part of investigation of market-timing.
The mutual fund trading scandal spread to another major fund family on Tuesday.
Alliance Capital (AC) issued a statement saying it suspended a mutual fund manager and an executive who sold hedge fund products for the firm due to "conflicts of interest in connection with certain market timing transactions."
Dan Culloton does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.