Monthly Archives: February 2004

A new company with dreams of turning the Falklands into a second South Africa was launched yesterday to prospect for gold on the peat- covered islands invaded by Argentina 22 years ago. Falkland Island Holdings (FIH), the main commercial operation […]

LONDON, ENGLAND (HEDGECO.NET) – Schroders Asset Management Company has appointed Mr. Stephen Green to its fund of funds team according to company statements. The company continues to strengthen itsFund of Funds operations by recruiting additional staff to its London office. […]

WEST PALM BEACH, FL (HEDGECO.NET)- A new hedge fund with 0% management fee was just launched, according to a released statement. The fund, called UBO Inc. Alternative Investment Fund does not chargeits investors any management fee if the fund fails […]

HEDGE fund boutique Lansdowne Partners has increased its stake in Regal Petroleum, having already doubled its money in only two months. After the latest purchase, Lansdowne’s shareholding has risento 4.2 million shares, or 4.1%. A big oil find in Greece […]

SAN MATEO — A Peninsula lawfirm has filed a class-action lawsuit against Franklin Resources and a number of its entities on behalf of holders of Franklin mutual funds. San Mateo-based Franklin, the nation’s fourth-largest mutual fund company, is being investigated […]

Feb. 13–A San Mateo investor sued Franklin Resources in San Francisco federal court, alleging the firm harmed investors by allowing improper trading in one of its funds in 2001. The suit, seeking class-action status, is part of the latest fallout […]

EdVest loses Strong accounts in January By PAUL GORES [email protected], Journal Sentinel Friday, February 13, 2004 Investors in Wisconsin’s EdVest college savings program closed 3,166 Strong funds accounts in January, while the number of accounts using non-Strong portfolios increased by […]

BOSTON (AP) – Columbia Management, a unit of FleetBoston Financial Corp., has fired a portfolio manager for allowing improper trading in a mutual fund he managed. The company also acknowledged aso-called “sticky asset” arrangement in which investors were given improper […]

HEDGE fund boutique Lansdowne Partners has increased its stake in Regal Petroleum, having already doubled its money in only two months. After the latest purchase, Lansdowne’s shareholding has risento 4.2 million shares, or 4.1%. A big oil find in Greece […]

THE MAN from Neverland is living on the never-never. Michael Jackson’s financial advisers disclosed yesterday that the singer is all but broke and unable to repay a $70m (pounds 37m) loan that is duenext Tuesday. Though the beleaguered singer – […]

MICHAEL Jackson is facing a crisis after being ordered to repay a pounds 40million loan in four days, it was claimed yesterday. His financial advisers allegedly admit he has no money to meet the demand and wants the time-limit extended […]

When Gabelli Asset Management issued its earnings release on January 29, 2004, we pointed out that we would re-open our Gabelli ABC Fund on March 1, 2004. Since we received a number of inquiriesrelated to this announcement, we thought it […]