Monthly Archives: February 2004
Lava Trading Enters Foreign Exchange Market; Microsoft Executive Joins Lava Trading to Lead FX Sales Initiative
Lava Trading Inc., a leading developer of high performance software for large securities trading floors, today announced a major initiative to introduce electronic foreign exchange trading on theLava platform. ¶ The new product suite, LavaFX(TM), will be built upon Lava’s […]
Should Hedge Funds Be Regulated?
Background Issues and Controversies Hedge funds are simply pools of money from individuals and or groups of qualified investors who met the requirements of the SEC. Unlike mutual funds, they do not trade on exchanges, and are not registered with […]
Comcast, Disney Line Up High-Profile Advisory Teams for Takeover Battle
Feb. 15–Brian Roberts and Michael Eisner wear neatly tailored suits to work, but they may as well wear armor. People who know the two say both men will fight fiercely to get what they want. With his bid for Disney, […]
Comcast CEO Known as Anti-Glamour Media Boss
Feb. 15–What? Who? A cable company in Philadelphia trying to take over the Walt Disney Co.? Comcast Corp. going after Disneyland, ABC television, Snow White, Nemo, and other stars from the nation’s number-one movie studio? Comcast chief executive Brian Roberts […]
Expert Securities Testimony Not Allowed
NEW YORK, Feb. 13 — The federal judge overseeing Martha Stewart’s trial ruled Friday that prosecutors may not call expert witnesses to prove the most serious charge against her — that she manipulated the price of shares in her media […]
Relax; let a private bank take the strain ; But the discreet old money moguls face new competition says William Kay. Make way for the thrusting young fund managers
WHEN ROBERT Jones retired early from BP he decided he did not want to be bothered with money. “I wanted to be lazy,” he said over a cup of coffee at his cottage overlooking the Dome in London’sDocklands, “So I […]
Falklands hope for golden future
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 […]
Schroders Makes New Appointment to its Hedge Fund of Funds Team
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. […]
New Hedge Fund Launches with No Management Fee Angle
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 […]
Trader Talk
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 […]
Holders file suit against Franklin
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 […]
Investor Files Suit against Fund Manager Franklin Resources
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 […]