A lawsuit filed July 1 accuses Waddell & Reed Financial Inc. of trying to help monopolize professional boxing. Ryan Caldwell, who resigned from the Overland Park-based mutual fund manager in 2014, was implicated.
The Ivy Asset Strategy Fund, Waddell & Reed Advisors Asset Strategy Fund and Ivy Funds VIP Asset Strategy — key portfolios previously managed by Caldwell — made private placement investments worth “hundreds of millions of dollars” in a company called Media Group Holdings LLC, according…
A lawsuit filed July 1 accuses Waddell & Reed Financial Inc. of trying to help monopolize professional boxing. Ryan Caldwell, who resigned from the Overland Park-based mutual fund manager in 2014, was implicated.
The Ivy Asset Strategy Fund, Waddell & Reed Advisors Asset Strategy Fund and Ivy Funds VIP Asset Strategy — key portfolios previously managed by Caldwell — made private placement investments worth “hundreds of millions of dollars” in a company called Media Group Holdings LLC, according…