Monthly Archives: September 2004
Hedge Funds are here to stay Research director suggests
WEST PALM BEACH, FL (HEDGECO.NET) – Hedge funds are here to stay according to Stephen van Eyk, the managing director of Van Eyk Research Company. According to him, despite all the discursion andnegative publicity, hedge funds continue to make their […]
Firm Suspends Exectuives Over Trades
NEW YORK (AP) – Regulators examining shady practices in mutual fund trading have asked for information from Alliance Capital Management Holding LP, which suspended two employees Tuesday after aninternal investigation found conflicts of interest in “market timing” transactions. Alliance Capital, […]
The Denver Post Business Briefs Column
Sep. 30–APPLIED FILMS SELLS COATED-GLASS BUSINESS: Longmont-based Applied Films Corp. said Monday it has completed the sale of its coated-glass business in Hong Kong to Nippon Sheet Glass for $1.2million plus $130,000 in inventory. NSG is a major Japanese glass […]
Canyon Resources Raises $4.15 Million With Stock and Warrant Sale
<body.content> <block> <p>GOLDEN, Colo., Sept. 30 /PRNewswire-FirstCall/ — Canyon Resources Corporation , a Colorado-based mining company, today announced that it has raised$4,153,302 through the sale of 2,307,392 units, at a price of $1.80 per unit, in a Private Placement. Each […]
Neovest and Wall Street Source Form Marketing Alliance; 1StopPro to Integrate with Neovest Technology
NEW YORK–(BUSINESS WIRE)–Sept. 30, 2003–Neovest, Inc., a leading provider of technology that improves trading performance, and Wall Street Source (WSS), a leading news and information company,today announced their intent to jointly offer an integrated product. Professional traders, portfolio managers and […]
SEC Moves toward Heightened Oversight of Hedge Funds
Sep. 30–Taking a first step toward heightened oversight of the burgeoning hedge fund industry, federal regulators on Monday suggested advisers be required to provide details about their activities. A report from the staff of the Securities and Exchange Commission urged […]
Buyer of Philadelphia-Area Banks Drives Up Prices of Possible Takeover Targets
Sep. 30–A buyer with deep pockets is paying premium prices for banks in the Philadelphia area — and driving up prices of other potential acquisition targets. The buyer, Citizens Bank, had investors drooling last week over the 35-percent premium it […]
Bloomberg Tradebook Becomes Hong Kong’s First Automated Trading Service First ATS Authorized by Securities and Futures Commission
<body.content> <block> <p>HONG KONG, Sept. 29 /PRNewswire/ — Bloomberg Tradebook Hong Kong Ltd (“Bloomberg Tradebook Hong Kong”) is pleased to announce that it is authorized asHong Kong’s first Automated Trading Services (“ATS”) platform under Part III of the Securities and […]
Interim NYSE Chairman Seeks New Rules First, New Board Later
Sep. 30–New York Stock Exchange’s interim leader John Reed wants to set new rules for its operations before sacking any of the beleaguered board. It’d be “quite foolish to look at the membership of the board and then at governance,” […]
SEC Seeks Court Help for Enron Papers; Action Targets Firm’s Former Chairman
Sep. 30–The Securities and Exchange Commission yesterday sought a federal court order forcing former Enron Corp. Chairman Kenneth Lay to produce documents that the corporate tycoon indicated mightimplicate him in Enron’s massive fraud. In its first move against Mr. Lay, […]
SEC to Require Closer Accounting, Disclosures from Mutual Funds
Sep. 30–Chet Gerstenbluth never worried about investing in mutual funds … until this year. Even as scandals engulfed publicly traded companies and big brokerages, the industry managed to stay relatively clean. But then the systems analyst started hearing about investigations […]
Alliance Capital Management Issues a Statement With Regard to Its Mutual Fund Advisory Business
<body.content> <block> <p>NEW YORK, Sept. 30 /PRNewswire-FirstCall/ — As has been publicly reported, the Office of the New York State Attorney General (“NYAG”) and the UnitedStates Securities and Exchange Commission (“SEC”), are investigating practices in the mutual fund industry identified […]