Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Rock Canyon Lengthens Short Fund's Name Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, August 16, 2006

Rock Canyon Lengthens Short Fund's Name

by: Sean Hanna, Editor in Chief

The fund that launched an SEC investigation into Morningstar and its ratings is changing its name. The Rock Canyon Advisory Group is tweaking the moniker on its Top Flight Fund to provide a better hint at its hedging ways. The fund is now known as the Top Flight Long/Short Fund. The funds ticker will remain as TOPFX.

The fund has been around since 2002, but may be best known within the fund industry for the role it played in the SEC's 2004 investigation of Morningstar's fund rating process. In February of that year a Rock Canyon staffer noticed that Morningstar's data for the fund was incorrect and emailed the fund tracker to point out the problem. Morningstar received the corrections for the NAV's on March 12 but failed to update its records until March 23. The SEC subsequently investigated the delay, delaying Morningstar's own IPO. The SEC did not fault Morningtar and dropped the probe last February.

Rock Canyon distributes The Top Flight Long/Short Fund through Charles Schwab, Fidelity, Datalynx, TD-Ameritrade and through the fund's transfer agent Mutual Shareholder Services. 

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2022
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use