Monthly Archives: February 2004
Dollar may rise above 110 yen next week+
TOKYO, Feb. 28 (Kyodo) — The U.S. dollar may rise above the 110 yen line for the first time in three months next week as speculative investors are expected to try to bring it up to that level. Dealers and […]
CITY & CORPORATE: Schulte employs Jaffa PR outfit
US law firm Schulte Roth & Zabel has rekindled its relationship with ex-Grandfield director Paul Jaffa. The law firm, which specialises in advising the hedge fund community on legislation affecting their activities, has hired Jaffa’s Myddleton Communications to raise its […]
Axa Brokerage Unit To Settle Accusations Of Overcharging
NEW YORK, Feb. 26 — Axa Advisors LLC, the American brokerage arm of French financial giant Axa SA, has agreed to pay $250,000 and make restitution to investors to settle allegations that it overcharged customers who moved their money from […]
552. Khalaf Al Habtoor, $1, construction
1. William Gates III, Washington, 48, $46.6, Microsoft 2. Warren Buffett, Nebraska, 73, $42.9, Berkshire Hathaway 5. Paul Allen, Washington, 51, $21000, Microsoft, investments 6. Alice Walton, Texas, 55, $20, Wal-Mart 6. Helen Walton, Arkansas, 84, $20, Wal-Mart 6. Jim […]
UNDATED 437. Mortimer Zuckerman, New York, 66, $1.3, real estate,
472. Mohammed A. Al Bahar, Kuwait, $1.2, finance 472. Belmiro de Azevedo, Portugal, 65, $1.2, diversified 472. Pierre Bellon and family, France, 74, $1.2, food services 472. Arthur Blank, Georgia, 61, $1.2, Home Depot 472. Anneliese Brost, Germany, 83, $1.2, […]
The world’s billionaires, according to Forbes magazine
The ranking of the world’s richest people as estimated by Forbes magazine. Listings include rank, name, home country or state, age where known, wealth in billions of dollars and source of the money. 1. William Gates III, Washington, 48, $46.6, […]
UNDATED 34. Charles Ergen, Colorado, 51, $9.1, EchoStar
170. Aloysio de Andrade Faria, Brazil, 83, $2.9, banking 342. Richard Farmer, Ohio, 69, $1.7, Cintas 437. Leonid Fedun, Russia, 47, $1.3, oil 128. Michele Ferrero, Italy, 77, $3.7, chocolates 472. Frederick Field, California, 51, $1.2, media 247. David Filo, […]
Japan uses 3.34 tril. yen in Feb. for market interventions+
TOKYO, Feb. 27 (Kyodo) — Japan used 3.34 trillion yen in February to intervene in the currency market to keep the yen from rising against the U.S. dollar, the Finance Ministry said Friday. This brought the total amount of funds […]
Clinton Group May Close its Trinity Hedge Fund
WEST PALM BEACH, FL (HEDGECO.NET) – Clinton Group is currently in talks with the remaining investors in its troubled hedge fund, the Trinity hedge fund. Such talks are centered on the issue ofwhether the fund should still remain open or […]
AGF Asset Management to Utilize Riskdata Software for its Fund of Hedge Funds Risk Management
WEST PALM BEACH, FL (HEDGECO.NET) – AGF asset Management Company has selected the risk management software developed by Riskdata for the risk reduction management of its Fund of funds operations. Thenew FOFIX platform is fully dedicated to Fund of funds […]
Investigator Urges Firms to Be Open
Top officials from the Securities and Exchange Commission and the New York attorney general’s office told mutual fund representatives Thursday that fund companies that step forward and acknowledgeviolations of securities laws will fare better than those that do not. At […]
In Brief
TRADER TALK HEDGE fund giant Man Group has caught the eye of Lazard’s Tony Willis, who added to his holding after it announced plans to go into bond broking in competition with the banks. Willis’s Lazard UK Alpha fund bought […]