Monthly Archives: January 2004
Gemini Investments Strategies Launches New Hedge funds
WEST PALM BEACH, FL (HEDGECO.NET) – The New Jersey based Gemini Investment Strategies has unveiled new hedge funds; according to a new statement released by the firm. The new fund, utilizingconvertible arbitrage strategy requires a minimum investment of $1million. Speaking […]
SEC Turns its Attention to Mutual Fund Brokerage Scandals
WEST PALM BEACH, FL (HEGECO.NET) – Just when investors think the mutual fund scandals are behind them, a new phase of investigations is initiated. This time the US Securities and Exchange Commission[SEC] is directing its full attention on mutual fund […]
ABN AMRO breaks off brokerage business
AMSTERDAM/LONDON: The Netherlands”biggest bank ABN AMRO said yesterday it had signed an agreement to sell its professional brokerage business in the US to Merrill Lynch for an undisclosed amount. ABN AMRO said on December 31 it was in talks to […]
21st Century’s Investment Bankers Place $250,000 as Part of $2.5 Million Private Placement
21st Century’s Investment Bankers Place $250,000 as Part of $2.5 Million Private Placement Compass Capital Continues to Meet Commitments LAS VEGAS, Jan. 14, 2004 (PRIMEZONE) — Compass Capital Group, a New York-based private investment firm, has placed $250,000 as part […]
BUSINESS in Brief
Transkaryotic sharestumble Transkaryotic Therapy Inc. shares dropped 23.52 percent yesterday, to $13.04, on news that it would abandon efforts to seek U.S. approval of its Fabry disease treatment, Replagal. The Cambridge company would have had to prove that its treatment […]
Investment banks’ future role ; City Comment
IT IS widely believed that American investment banking giant Goldman Sachs gave serious thought to shutting down its equity research department in Britain last year at the time of the row with NewYork Attorney General Elliot Spitzer. It was decided […]
Unit of Charles Schwab to Launch Equity Core Fund
WEST PALM BEACH,FL (HEDGECO.NET) – Charles Schwab US Trust Company and US Trust Company have announced plans to launch an equity fund. The proposed fund, an equity core fund seeks to provideinvestors in the fund with a total return through […]
SEC weighs in on mutual fund reform
SEC weighs in on mutual fund reform Changes would focus on independent directors By KEN MORITSUGU Knight Ridder Newspapers Tuesday, January 13, 2004 Washington — Federal regulators and lawmakers want to reinforce what many industry experts say has been a […]
BISYS Insurance Services Selects Beacon Research to Enhance Website for Producers
Approximately 100,000 Agents, Brokers and BISYS Support Staff to use Web-Based Front-End Application for Fixed Annuity Product Selection EVANSTON, Ill., Jan. 13, 2004 (PRIMEZONE) — Beacon Research announced today that it has been selected to provide a customized front-end application […]
Fund Manager Testifies at Tyco Exec Trial
A hedge fund manager testified Tuesday that Tyco International Ltd.’s former chief executive, L. Dennis Kozlowski, assured in a January 2002 conversation that company’s board had signed off on a $20million investment banking fee for a director. Several directors have […]
Nightly Business Report
xfdce NIGHTLY-BUSINESS-REPO-00 Show: NIGHTLY BUSINESS REPORT> Date: January 13, 2004> Time: 18:30:00> Tran: 011300cb.118> Type: SHOW> Head: Nightly Business Report> Sect: Business> Byline: Paul Kangas, Susie Gharib> Guest: Robert Doll, Louis Uchitelle> Spec: Business; Economy> Time: 00:00:00> PAUL KANGAS, NIGHTLY […]
Livermore Trading System to be Licensed to First Foundation Financial Services, Inc.
NEW ORLEANS, Jan. 13, 2004 (PRIMEZONE) — Stock Market Solutions (OTCBB:SMKT) announces that under an arrangement with First Foundation Financial Services, Inc, a Canadian financial firm, theLivermore Trading System is to be used exclusively in the trading management of a […]