Monthly Archives: January 2004
Pittsburgh Post-Gazette Heard Off the Street Column
Jan. 26–“Every dog has his day” could be one explanation for why investors are coveting shares of traditional Rust Belt laggards. Hedge fund manager Jeffrey Gendell offers another explanation: We’re on the brink of what he believes will be the […]
MatchNet and Match.com fight for hot dates
MatchNet has swiftly built one of the largest American online dating services, but the company has always had a roving eye. While many of its rivals operate a single site and pipe in any foreignvisitors, MatchNet aims to think globally […]
Melon Financial Closes Distressed Funds to New Investors
WEST PALM BEACH, FL (HEDGECO.NET)- Melon Financial Corporation announced that it is closing its Rediscovery Funds, to new investors, however the funds would still take in new assets from currentinvestors until later in 2004.Founded in 1999, Melon HBV is part […]
Going . . . Going . . . Well
GOING . . . GOING . . . WELL, MAYBE Dick Strong says he’s going to sell his company. But he’s said that before the present crisis, and he has stayed in control. Could he walk away now from the […]
Germany to Introduce Hedge Funds Soon
WEST PALM BEACH, FL (HEDGECO.NET) – German banks and other financial institutions are making final preparations for introducing hedge funds to German investors. Hedge funds became legal this year inGermany, as the global hedge fund wind finally swept across Germany. […]
Aspect Capital to Establish Office in New York, Management Assets hit $2.7 bil
WEST PALM BEACH, FL (HEDGECO.NET) – Aspect Capital, the London based asset manager announced that assets managed by the firm grew by a whopping US$1.5billion in 2003, bringing its total managementassets to US$2.7 billion according to released statement. The company […]
News in brief
News in brief Company pensions make up ground COMPANY pension funds gained more than 18pc last year the first positive returns since the bear market began to bite in 1999. According to research by Russell/Mellon CAPS, a fund worth Pounds […]
PIMCO Strategic Global Government Fund, Inc. Fourth Quarter investment performance results and statistical portfolio information
NEWPORT BEACH, Calif., Jan. 23, 2004 (PRIMEZONE) — PIMCO Strategic Global Government Fund, Inc. (NYSE:RCS) today released its investment-performance results and statistical portfolio information forthe period October 1, 2003 through December 31, 2003 (fourth quarter). PIMCO Strategic Global Government Fund, […]
Harvard fund enriches chiefs
Two managers of Harvard University’s endowment fund raked in about $35 million each last year for overseeing investments for the school’s $19.3 billion all-purpose trove that funds everything fromstudent loans to faculty salaries. The multimillion-dollar payouts were about double last […]
First Investor Rights Website, RestoreTheTrust.com, Re-Launched to Combat Mutual Fund Abuses; Cites SEC ‘Dereliction of Duty’
WASHINGTON, Jan. 23 /U.S. Newswire/ — The first grassroots campaign website solely dedicated to representing individual investors announced the launch of a new campaign to return the billions ofdollars skimmed from investors by the mutual fund industry and end the […]
Elusive Galway guru keeps faith in telecom business ; Declan Ganley relishes a challenge, despite having suffered at the sharp end of the dotcom collapse, writes Jamie Smyth, Technology Reporter
There is something of the Scarlet Pimpernel about the 35-year- old Galway-based entrepreneur Mr Declan Ganley. Like the character in Baroness de Orczy’s novel, the former builder turned jet-settingtelecoms guru keeps popping up in the most exotic of places only […]
TFS Capital Unveils a Long/Short Equity Fund
WEST PALM BEACH, FL (HEDGECO.NET) – TFS Capital has unveiled a new long/short equity fund; the new product would utilize �proprietary and quantitative trading models� according to the statementreleased by company officials. The company stated, �Our Portfolio Managers utilize proprietary […]