Monthly Archives: February 2004

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 […]

xfdws TRANSFORMATION sked Emerging Markets DatafileFebruary 12, 2004 XINHUA CHINA ENGLISH Transformation for banking, securities industries in 2004: Deloitte, XINHUA ASIA WorldSources, Inc. 322 MASSACHUSETTS AVENUE 2ND FLOOR, NE WASHINGTON, DC 20002 COPYRIGHT 2003 BY WORLDSOURCES, INC., A JOINT VENTURE […]

Strong expected to settle soon CEO Wessels also says talks with buyers might wrap up ‘quite shortly’ By DAVE UMHOEFER AND KATHLEEN GALLAGHER [email protected] Thursday, February 12, 2004 Strong Financial Corp.’s new leader said Wednesday he believed the firm would […]

THE Government today announced a new pensions safety net system to ensure people do not lose out if their company and its pension fund go bust. The move was hailed as a “big step forward” by the Cabinet minister responsible, […]

MINISTERS moved to reassure business today over the cost of a fund to protect 10 million workers from the risk of losing their pensions. Work and Pensions Secretary Andrew Smith said payments into the fund would be “risk-related” so that […]

Feb. 12–The state banking commissioner has charged a Greenwich hedge fund firm and its partners with defrauding customers. Commissioner John P. Burke accused Criterion Investment Capital LP and its partners of violating a section of the Connecticut Uniform Securities Act, […]

COMPANIES WITH strong pension funds will have to pay the same levy into a pension protection scheme as those with weak funds, today’s Pensions Bill will reveal, as reported in The Independent onMonday. The Government will eventually introduce risk-based premiums, […]