Strong Will Giveth Back if Probe Finds it Tooketh Away

Strong Capital Management shareholders will be reimbursed if the probe by New York State Attorney General Eliot Spitzer finds that the company traded questionably, the company said in a letter dated Friday.

Signed by Chairman Richard Strong, the letter also provided specific details regarding hedge fund firm Canary Capital Partners’ dealings with Strong. Not only did Canary have money in four of Strong’s mutual funds, the company admitted, but it later poured $500,000 in a hedge fund directly affiliated with Strong, Reuters reports.