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October 10, 1996 | Times Staff and Wire Reports
2 Large Fund Families Weighing Merger: Invesco and AIM have tentatively agreed to merge, sources close to both sides have told the Washington Post. Invesco, a British-based investment management company, and AIM Management Group Inc. of Houston expect to complete the merger by the end of October, creating a diversified investment management company with about $75 billion in mutual fund assets and another $70 billion in pension fund assets.
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BUSINESS
October 1, 2009 | Jim Puzzanghera
The Treasury Department's long-awaited attempt to deal with toxic mortgage securities cleared another hurdle as two of the nine fund managers selected to lead public-private partnerships to purchase the assets raised at least $500 million each. Invesco Ltd. and Los Angeles-based TCW Group Inc. have completed their initial fundraising from private investors, bringing in a total of $1.13 billion in capital commitments as part of the Public-Private Investment Program, the Treasury said Wednesday.
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BUSINESS
July 27, 2004 | From Reuters
The Securities and Exchange Commission said Monday that it asked a judge for another month to file more charges against money management firm Invesco Funds Group Inc. and a former chief executive. The SEC filed a petition in U.S. District Court in Denver to extend until Aug. 27 an amended complaint against Denver-based Invesco and former Chief Executive Raymond Cunningham. If the petition is denied, the SEC said, it requested a meeting with all involved parties.
SPORTS
August 31, 2009 | Associated Press
Jay Cutler got the last laugh. The Pro Bowl quarterback, who forced a blockbuster trade out of Denver last spring and became the Chicago Bears' first franchise quarterback since Sid Luckman , returned to Invesco Field on Sunday night and led his new team to a 27-17 exhibition win over the Broncos. Cutler disregarded the thousands of hecklers, including Broncos pass rusher Elvis Dumervil , in leading Chicago on three scoring drives, capped by a 12-play, 98-yarder just before halftime that gave the Bears a 17-3 lead.
BUSINESS
September 9, 2004 | From Associated Press and Reuters
The former chief executive of Invesco Funds in Denver has agreed to pay $500,000 to settle civil fraud charges relating to improper trading of the firm's mutual funds, his lawyer said Wednesday. Raymond Cunningham also agreed to be banned from the industry for two years. The news came a day after Colorado Atty. Gen. Ken Salazar said Invesco and its sister company, AIM Advisors Inc.
BUSINESS
May 15, 2001
Santa Monica-based developer Caruso Affiliated Holdings and Invesco Realty Advisors have created a new venture to acquire $300 million of community retail centers across California. The partnership will focus on well-located shopping centers and street-front properties that need to be upgraded with remodeled facilities and new tenants, said company Chief Executive Rick J. Caruso.
BUSINESS
August 20, 2004 | From Associated Press
Federal regulators are close to settling a lawsuit that accuses Invesco Funds Group and its former chief executive of improper trading in its mutual funds, attorneys for all three parties said. Regulators and representatives of the two defendants have made significant progress and are optimistic the talks will be resolved within 30 days, said Robert Fusfeld, a Securities and Exchange Commission attorney.
BUSINESS
July 17, 2001
CT Realty Corp. of Newport Beach sold the 280-unit Village Oaks Apartments at 15773 High Knoll Drive in Chino Hills for $30.4 million to a pension fund client of Invesco Realty Advisors. The buyer and the seller were represented by Mary Ann King and Scott David of Moran & Co. Santa Monica-based Liberty Livewire Corp., a provider of technical and creative services to the entertainment industry, sold a 3.
BUSINESS
March 14, 2000 | PAUL J. LIM
Technology stocks in general have been the market's stars over the last year, but some of the hottest tech names have been in the telecom sector--issues such as JDS Uniphase, Qualcomm and Nokia. Indeed, telecom has been a strong story for much of the last decade. Among major stock mutual fund categories, telecom sector funds rank second only to tech funds in performance over the last 10 years.
BUSINESS
December 2, 2003 | From Reuters
Securities regulators probing trading abuses in the mutual fund industry are expected to file charges against a unit of Denver-based fund firm Invesco as soon as today, according to a person familiar with the case. Both New York Atty. Gen.
BUSINESS
September 9, 2004 | From Associated Press and Reuters
The former chief executive of Invesco Funds in Denver has agreed to pay $500,000 to settle civil fraud charges relating to improper trading of the firm's mutual funds, his lawyer said Wednesday. Raymond Cunningham also agreed to be banned from the industry for two years. The news came a day after Colorado Atty. Gen. Ken Salazar said Invesco and its sister company, AIM Advisors Inc.
BUSINESS
September 8, 2004 | From Associated Press
Invesco Funds Group and a sister company agreed Tuesday to settle allegations of improper trading in a proposed deal that would send $375 million to investors who were harmed by the practice. Invesco of Denver would pay $325 million to resolve litigation alleging it permitted excessive market timing in its funds, Colorado Atty. Gen. Ken Salazar said. A sister company, AIM Advisors Inc. of Houston, agreed to pay $50 million.
BUSINESS
August 20, 2004 | From Associated Press
Federal regulators are close to settling a lawsuit that accuses Invesco Funds Group and its former chief executive of improper trading in its mutual funds, attorneys for all three parties said. Regulators and representatives of the two defendants have made significant progress and are optimistic the talks will be resolved within 30 days, said Robert Fusfeld, a Securities and Exchange Commission attorney.
BUSINESS
July 27, 2004 | From Reuters
The Securities and Exchange Commission said Monday that it asked a judge for another month to file more charges against money management firm Invesco Funds Group Inc. and a former chief executive. The SEC filed a petition in U.S. District Court in Denver to extend until Aug. 27 an amended complaint against Denver-based Invesco and former Chief Executive Raymond Cunningham. If the petition is denied, the SEC said, it requested a meeting with all involved parties.
BUSINESS
December 3, 2003 | From Reuters
State and federal officials investigating the mutual fund industry filed civil charges against Invesco Funds Group and its chief executive Tuesday, saying the company's top executives allowed dozens of investors to make improper trades. Denver-based Invesco, a popular fund line during the go-go days of the 1990s bull market, is the latest fund company to be formally charged in the 3-month-old fund scandal.
BUSINESS
December 2, 2003 | From Reuters
Securities regulators probing trading abuses in the mutual fund industry are expected to file charges against a unit of Denver-based fund firm Invesco as soon as today, according to a person familiar with the case. Both New York Atty. Gen.
BUSINESS
March 25, 1999 | PAUL J. LIM, TIMES STAFF WRITER
Bucking a decades-long trend of expansion in the mutual fund industry, the Invesco funds group said Wednesday it will do away with up to a fourth of its 44 mutual funds. Assets of the funds are relatively tiny: The 11 funds represent just $220 million of Denver-based Invesco's $26 billion in fund assets under management. Still, industry analysts were surprised by the move, and said it could accelerate consolidation by other fund giants.
BUSINESS
November 29, 2001 | JOSH FRIEDMAN, TIMES STAFF WRITER
Invesco Funds Group will become the latest mutual fund company to stop selling its funds directly to investors without a sales charge. Starting in March, new customers will be able to buy its funds only through brokers, advisors and retirement plans, the company said Wednesday. The direct-sale side of the mutual fund business--commonly referred to as no-load--is shrinking as investors continue turning to professionals for help with their investments.
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