Monthly Archives: September 2003
SEC will consider tightening oversight of hedge funds, chairman
WASHINGTON (AP) — The Securities and Exchange Commission will consider tightening oversight of the high-risk, largely unregulated $600 billion hedge fund industry, the head of the agency saidMonday. Following an investigation of the industry — which traditionally has offered investments […]
Emerson Poynter LLP Announces Shareholder Class Action Against Bank of America Corp. Defendants and Canary on Behalf of Purchasers of Certain Nations Funds — PHBAX, NTBBX, NTBCX, NATAX
HOUSTON, Sept. 29, 2003 (PRIMEZONE) — Emerson Poynter LLP, a securities class action trial law firm, announced today that a class action lawsuit has been filed in United States District Court forthe Northern District of California, case number 03-CV-6957, on […]
Mutual Fund Investors Urged to Stick to Basics
Sep. 29–CHAMPAIGN, Ill.– Investors choosing mutual funds often look too much at past performance and not enough at fundamentals, a nationally known expert on mutual funds says. Don Phillips, managing director of the Morningstar mutual funds rating service, said that’s […]
TradeTek Selects TNS to Provide Co-Location Hosting and Network Connectivity
NEEDHAM, Mass.–(BUSINESS WIRE)–Sept. 29, 2003– Extranet Integration Supports Complete Spectrum of TradeTek Service Bureau Offerings in a Secure and Redundant Environment TradeTek, LTD., an independent provider of real time market data and direct access trading technology, announced today an agreement […]
Web Reporting Made Available in World’s Largest Domicile of Hedge Funds
<body.content> <block> <p>HAUPPAUGE, N.Y., Sept. 29 /PRNewswire/ — CorrectNet, the leading provider of web reporting solutions to asset managers, launched its Cayman data centerthrough Brac Informatics in response to client demands. As stated in the article ‘A New Wave’ in […]
SEC May Tighten Oversight of Hedge Funds
WASHINGTON (AP) – The Securities and Exchange Commission will consider tightening oversight of the high-risk, largely unregulated $600 billion hedge fund industry, the head of the agency said Monday. Following an investigation of the industry – which traditionally has offered […]
EU-style economy for E. Asia?
As East Asian nations work in earnest for regional trade arrangements, financial co-operation in the area has begun moving quietly onto the agendas of experts, financial technocrats and regionalpoliticians. On their minds is the building of a framework that might […]
Black Diamond Asset Management Launches Second Series of Protected Growth Mutual Funds
FORT LAUDERDALE, Fla.–(BUSINESS WIRE)–Sept. 29, 2003–Black Diamond Asset Management (BDAM) announced today that it has launched the second series of its family of actively managed mutual fundsthat utilizes capital allocation of alternative investments instruments in pursuit of absolute returns with […]
Saint Paul Pioneer Press, Minn., Business Beat Column
Sep. 28–Imagine yourself as an uneasy chaperone, genial yet vigilant while you oversee a pressure-packed jumble of people, pressure and money. That’s how chairwoman Virginia Stringer views herself as she leads the board of U.S. Bancorp’s First American family of […]
The Miami Herald Money Matters Column
Sep. 28–Eliot Spitzer’s office confirmed to me last week that its investigation into mutual funds is not over. He’s already looking into Janus, Strong, Bank of America’s Nations funds and Bank One. At the same time, Putnam is the subject […]
EdVest has a cozy deal with the state
Avrum D. Lank EdVest has a cozy deal with the state By AVRUM D. LANK of the Journal Sentinel staff Sunday, September 28, 2003 The financial relationship developed by the state of Wisconsin and Strong Capital Management Inc. of Menomonee […]
Bubble fears as metal prices rise
A SURGE in the price of basic commodities like copper, nickel and alumina on predictions of a global economic recovery has sent resource company prices soaring – so much so that a little-knowncompany like Antofagasta, owner of a couple of […]