Monthly Archives: January 2004
Morgan Stanley guilty of defamation
PARIS: A Paris court yesterday found US financial powerhouse Morgan Stanley guilty of defamation in its investment research, sending shockwaves through the investment banking industry. Following an acrimonious 14-month legal battle, the court upheld allegations by global luxury leader LVMH […]
European Hedge Funds Post Losses Associated With Parmalat Scandal
What does a former meat packing business in Parma have to do with hedge funds one may ask? Why has such relationship facilitated recent hedge fund losses in some European Convertible Arbitrageportfolios? Calisto Tanzi took over the management of a […]
CALpers begins review of Franklin Unit
WEST PALM BEACH, Florida (HEDGECO.NET) – The largest pension scheme in the United States, the California Public Employees Retirement System[CALpers] has started its review process for FranklinResources Inc, whose investment management arm Franklin Advisors oversees CAPpers US$780 million stock fund, […]
Ex-director Tyco board didn’t forgive loans, OK bonuses
NEW YORK (AP) — An ex-director at Tyco International Ltd. testified that the company’s board never approved loan forgiveness and some special cash bonuses to its former top two executives. William Peter Slusser, a Tyco director from 1997 until last […]
Guidant Lands High-Profile Physician for New Chief Medical Officer Position
Jan. 12–Nearly 2 1/2 years after Guidant Corp. decided it wanted a companywide chief medical and technology officer, it landed one with a high profile. Dr. Beverly H. Lorell moved last month into her 28th-floor office at Guidant’s headquarters in […]
Share Tips: Broker tips Morrisons to take on big stores
Sunday Telegraph: Supermarket group Morrisons expects to complete its acquisition of Safeway by March. Broker Numis thinks the move could create a group that can challenge Asda and Sainsbury’s forthe number two slot in the UK. Morrisons should continue to […]
European shares expected to outperform UK equities
FUND managers across the continent expect European equities to outperform UK shares in the next 12 months, one of the market’s most respected studies will predict today. Mercer Investment Consulting’s annual survey of global fund managers will show that European […]
Maximum Dynamics Announces Strategic Partnership in Mexico
Maximum Dynamics, Inc. (OTC BB: MXDY), a technology solutions company that combines cutting edge technology with its back office and administration services to provide client side support and business process management services, announced today that it has formed a strategic […]
PCS Research Updates Shareholders on Successful 2003
-0- *T — 90% Increase in Data/Research Revenues Expected For 2003. — 85% Decrease in Operating Loss Expected For 2003. — Operating Income Expected to Near Break-Even in Q4 2003. — Over 75 New Institutional Client Accounts Added in 2003. […]
Colt Telecom’s thoroughbred is more than just an old warhorse ; BUSINESS PROFILE After surviving a series of corporate storms last year, what next for the the 58-year-old telecoms chief?
IT HAS been a traumatic 12 months for Steve Akin, the chief executive of Colt Telecom. He has seen hedge fund managers try to liquidate his business and he has been forced to fend off Britain’scorporate governance brigade, who have […]
Chicago Tribune Bill Barnhart Column
Jan. 11–Normally, investment managers like to “talk their book.” They’re great at touting the investments they already own. But the cheerleading among managers of small-cap equity funds is remarkably restrained, considering the banner year the sector enjoyed in 2003. Investors, […]
Argentina under fire over $88bn debt
THE row between the International Monetary Fund (IMF), jilted private bondholders and the Argentine government over the country’s $88bn (Pounds 48bn, E69bn) debt restructuring is escalating. America’s assistant secretary of state, Roger Noriega, warned the Argentine government: “It is important […]