Monthly Archives: January 2004
Standard Life Investments Announces New Appointments
WEST PALM BEACH, FL (HEDGECO.NET) – The Standard Life Investments announced that it is expanding its European Team with the appointments of Jennifer Richards to the position of Investment Directorfor its Ireland operations, while Pat Woods was appointed as Investment […]
Rapuno Departs Legg Mason Funds, Joins Matador Capital
WEST PALM BEACH, FL (HEDGECO.NET) – Lisa O. Rapuno has departed Legg Mason Funds Management Inc, to join Matador Capital Management Corp, according to a news release; she would be joining Matador ina capacity as a senior partner, and a […]
Securities and Investment Company Launches New Fund
WEST PALM BEACH, FL (HEDGECO.NET)- The Securities and Investment Company [SICO] of Bahrain announced in a recent news conference that it is launching a new fund, the Khaleej Equity fund would beinvesting in equity securities listed on the regional stock […]
Word on Strong may come next month
Word on Strong may come next month Firm hopes to break news on its future then, Pension Board told By KATHLEEN GALLAGHER [email protected], Journal Sentinel Thursday, January 22, 2004 Strong Financial Corp.’s top executive is telling people that the firm […]
Galvin seeks return of investors’ $3.5M
Secretary of State William Galvin demanded yesterday that Cantella & Co. Inc. return an estimated $3.5 million to investors whom Galvin said the firm failed to protect against agents sellingunregistered hedge funds. Galvin, in his ongoing crackdown on financial firms, […]
Trader Talk
THE Lazard UK Alpha unit trust, managed by Tony Willis, recently bought almost 75,000 shares in Pounds 2 billion media group United Business Media. He made the purchases in November and December. Thefund now holds 725,000 shares, or 0.22% of […]
Maximum Dynamics Announces New Business Unit
COLORADO SPRINGS, Colo., Jan. 22, 2004 (PRIMEZONE) — Maximum Dynamics, Inc. (OTCBB:MXDY), a technology solutions company that combines cutting edge technology with its back office and administrationservices to provide business outsourcing and business process management services, announced today that it […]
Hedge fund scam leads to charges
NEW YORK — Revealing the perils of investing in the secretive world of hedge funds, Massachusetts securities regulators Wednesday charged a Boston brokerage firm with failing to supervise twobrokers who allegedly duped unsophisticated investors into buying shares of risky hedge […]
Manager Launches New Mutual Fund Product Utilizing Hedge Fund Strategies
WEST PALM BEACH, Fl (HEDGECO.NET) – A new Mutual Fund product has been launched by Thomas Kirchner, with the aim of utilizing event driven strategies for its trading decisions. The new fund,Pennsylvania Event Driven Fund, although a mutual fund by […]
Mutual Funds Come to Pakistan
WEST PALM BEACH, FL (HEDGECO.NET) – Hong Kong Asset management company, Crosby Investment Company announced that it intends to establish private equity fund in Pakistan. The statement was releasedafter a meeting between Robert Owen, Chairman of the Crosby Investment company, […]
Bank of New York Profit More Than Triples
Bank of New York Co.’s profit more than tripled in the latest quarter, as the improving stock market and an acquisition helped results. The bank Wednesday posted fourth-quarter profit of $307 million, or 40 cents a share, up sharply from […]
Regulator Files Complaint Vs. Boston Firm
BOSTON (AP) – State securities regulators have accused a Boston investment firm of failing to supervise two agents who allegedly sold unregistered hedge funds to investors that cost some their lifesavings. According to a civil complaint, James Pangione of Sterling […]