Monthly Archives: February 2004
Wealth management way ahead ; City Comment
THE placing power of Swiss banks used to be the envy of the financial world. Tucked away in their vaults in Zurich they held thousands of discretionary accounts they could stuff with Eurobonds ofvariable provenance, in the near-certain knowledge that […]
Franklin scandal peaks
SAN MATEO — Mutual fund giant Franklin Resources, the largest publicly traded U.S. mutual fund manager, said the Securities and Exchange Commission may take action against the company and twounidentified senior employees for alleged improper trading. Massachusetts regulators last week […]
Franklin Resources Unit, Two Executives May Face SEC Action
Feb. 10–The Securities and Exchange Commission may take action against a unit of Franklin Resources of San Mateo and two unidentified senior officers for allegedly allowing improper trading in itsmutual funds. The news was disclosed in an SEC filing by […]
Onex Corporation Closes Hedge Fund as assets hit US$1.65 billion
WEST PALM BEACH, FL (HEDGECO.NET) – The Canadian based Onex Corporation released a statement announcing the closing of its hedge fund, the Onex PartnersLLP, as assets in the fund reached US$165billion. Investors in the Onex fund include public and private […]
The World’s Largest Retirement Fund May Post First Positive Results Soon
WEST PALM BEACH, FL (HEDGECO.NET) – The world�s largest pension scheme, the Japanese Government retirement pension plan [$379bn,] public pension fund, with more assets than the total GDP ofSwitzerland is set to report positive results at the end of March, […]
SEC To Force Mutual Funds to stop excessive commission payout
WEST PALM BEACH, FL (HEDGECO.NET) – The US Securities and Exchange Commission has ordered mutual fund establishments to stop paying excessive commissions to brokers for promoting the fund products ofthose firms. These are the continuing fallout from the mutual fund/hedge […]
SEC To Force Mutual Funds to stop excessive commission payout
WEST PALM BEACH, FL (HEDGECO.NET) – The US Securities and Exchange Commission has ordered mutual fund establishments to stop paying excessive commissions to brokers for promoting the fund products ofthose firms. These are the continuing fallout from the mutual fund/hedge […]
Monday briefing: Papers
Observer Eurotunnel is to outline plans to head off financial crisis amid concern that the Anglo-French firm will run out of money in two years. Unilever , the Anglo-Dutch consumer goods company, is this week expected to slash its sales […]
Daily News, New York, Guerrilla Investing Column
Feb. 9–The tug of war between bulls and bears is likely to continue for much of the year. With high valuations, there isn’t that much upside. With low interest rates and an improving economy, there isn’t that much downside. But […]
SEC to Recommend Franklin Resources Charge
WASHINGTON (AP) – Franklin Resources Inc., the parent of Franklin Templeton Investments, Monday said that the Securities and Exchange Commission intends to recommend charging the company and twounnamed executives over mutual fund trading practices. Last week, Massachusetts regulators charged the […]
Soros Warns About Bubbles in World Economy
WEST PALM BEACH, FL (HEDGECO.NET) – Billionaire and financier George Soros has warned of the dangers facing the global economy. The bubbles are in the US deficits and in the Chinese economy. Hepredicts that the US dollar would continue to […]
Markets: The week that was – Shares take interest rise in their stride
Everyone was expecting an interest rate hike, but that did not stop the panicked murmuring about personal debt piles and mortgage costs hitting front pages. But the market did not react to the Bank of England’s decision: the FTSE 100 […]