Amvescap set to agree mutual fund penalty 'within weeks'

Amvescap, the Anglo-US fund manager, is set to settle its role in the mutual fund market-timing scandal in less than three weeks.

The London-listed manager is hopeful of reaching a settlement with the US Securities and Exchange Commission following the Labor Day holiday in the US on September 6, according to people familiar with the situation.

WSJ Logo
Ray Dalio Sells Last Stake in Bridgewater, the Hedge Fund That Made Him a BillionaireExternal link

Ray Dalio Sells Last Stake in Bridgewater, the Hedge Fund That Made Him a Billionaire