Monthly Archives: January 2004
Hedge fund in scandal wants case consolidated
The Secaucus hedge fund sued in seven states for its alleged role in the mutual fund trading scandal is scheduled to ask today to have the 61 suits combined and heard in federal court in New York. Canary Capital Partners […]
Canada bank said to face U.S. regulators’ lawsuits
Just weeks after paying a big fine for its financial dealings with Enron, the Canadian Imperial Bank of Commerce faces imminent regulatory action for providing more than $1 billion in financing toinvestors who made illegal mutual fund trades, according to […]
Bush Seeks $18M Budget Increase for Arts
President Bush is proposing a big funding boost to the National Endowment for the Arts, an agency that once was a favorite target of Republicans. The money would go for a new program to giveAmericans an up-close look at their […]
Providence Journal, R.I., Business Briefs Column
Jan. 29–ALLIANCE CUTS COLLEGE-FUND FEES: Alliance Capital Management, which manages Rhode Island’s state-sponsored college savings plan — the CollegeBoundFund — has lowered its fees, according tothe State Investment Commission, which oversees the pension fund. The SIC reported the rate decrease […]
Economic impact from bird flu expected to be minimal, BUSINESS
xfdws ECONOMIC-IMPACT-FROM sked Emerging Markets DatafileJanuary 29, 2004 BUSINESS TIMES MALAYSIA ENGLISH Economic impact from bird flu expected to be minimal, BUSINESS TIMES ASIA WorldSources, Inc. 322 MASSACHUSETTS AVENUE 2ND FLOOR, NE WASHINGTON, DC 20002 COPYRIGHT 2003 BY WORLDSOURCES, INC., […]
RHB Bank sees huge growth potential for treasuries
THE treasury market is set for a busier year in 2004, driven by better economic prospects and speculation over a possible change in the ringgit peg to the US dollar. “The growth potential for treasuries is tremendous this year,” said […]
Hedge Fund Assets Hit $750 Billion Mark
WEST PALM BEACH, FL (HEDGECO.NET)- Mainstream investors seeking absolute returns and protection in down markets continue to pour investment assets into hedge funds and other alternative investments.Unlike traditional mutual funds, hedge funds use different strategies in different market environments, such […]
A disaster waiting to happen? ; City Comment
IN THE current mood, people only seem interested in what is going up, but if you want simply to check on where the next disaster might lurk, take a look at the convertible bond market. Last year convertible bonds accounted […]
Notebook: From pitches and pizzas to Channel 4
Eyebrows raised over choice for chairman In the league of I-kid-you-nots, this really does take some beating: “Ofcom appoints Luke Johnson as chairman of Channel 4.” For those who have never heard of the man, Ofcom informs us that this […]
Witnesses tell of abuses
Witnesses tell of abuses Whistle-blowers describe ease in finding mutual fund companies interested in executing improper trades By STEPHEN LABATON New York Times Wednesday, January 28, 2004 Washington — Two people who blew the whistle to state prosecutors about corruption […]
Swiss attorney accused of bribing Azerbaijani officials ordered
NEW YORK (AP) — A Swiss lawyer charged with conspiring to bribe Azerbaijani officials to push through the privatization of the state oil company can be released on bail over the objections ofprosecutors, a judge ruled Wednesday. Hans Bodmer, 48, […]
SEC Shuts Down Fla. Investment Firm
The Securities and Exchange Commission shut down Tuesday an investment firm it described as a Ponzi scheme and which once had more than a dozen NFL players as clients. In three years, Ware Enterprises and Investments Inc. attracted $16.5 million […]