Monthly Archives: November 2003
Investigators Probe High Trading Volume at Wisconsin-Based Strong Funds
Nov. 12–As state and federal investigators look into alleged improper trading at Strong Capital Management, data from mutual fund tracker Lipper raises new questions about two of the firm’s funds. According to Lipper, investors have cycled millions of dollars in […]
Mutual Fund Shareholders to Get More Info
NEW YORK (AP) – Mutual fund shareholders are poised to become richer – at least when it comes to information. Though it took some time for regulators to come around, it appears investors will finally be getting more frequent disclosure […]
City investors surge into hedge funds
PENSION FUNDS and institutional investors have dramatically increased their holdings in hedge funds in the past two years, according to a report by Goldman Sachs and Russell Investment. Allocationsto hedge funds more than doubled in Europe and Japan. The biennial […]
Shares: Hedge funds sell Dixons on rumour of imminent downgrade
HEAVY HEDGE fund selling left Dixons rooted to the top of the FTSE 100’s fallers list yesterday. According to market gossip a downgrade by a major broker is on the cards before the end of the weekand a select number […]
Maximum Dynamics, Inc. Acquires Maseco Denmark A/S
COLORADO SPRINGS, CO — (MARKET WIRE) — 11/12/2003 — Maximum Dynamics, Inc. (OTC BB: MXDY), a financial services company that supports the financial community with back office fund administrationand client side support, announced today that it has signed an agreement […]
REMINDER/China’s Emerging Economy; Sponsored by RTKL
–(BUSINESS WIRE)– Panel Discussion on the Impact of Economic Reforms – Industry Experts Outline the Legal, Trade, Investment, Urban Planning and Architectural Challenges Facing the New China <pre><br>DATE: Thursday, November 13th, 2003<br><br>TIME: Registration and continental breakfast 8:00 – 8:30am.<br> Presentations […]
GIS Hires Director of U.S. Sales and Marketing
HACKENSACK, N.J.–(BUSINESS WIRE)–Nov. 12, 2003–Global Investment Systems Ltd. (GIS), a global supplier of specialized accounting software for the securities industry, today announced theappointment of Mary Pizzichino as Director of U.S. Sales and Marketing. In this position, Ms. Pizzichino will be […]
Tokyo Stocks Plunge on Selling across Board
Tokyo, Nov. 11 (Jiji Press)–Stocks plunged on the Tokyo Stock Exchange Tuesday, as investors dumped export-oriented issues amid the yen’s appreciation while high-fliers among domestic demand- backedissues fell prey to profit-taking. “The key Nikkei average’s tumble was mainly due to […]
UBS Reports Third Quarter Net Profit of $1,267 Million(1)
NEW YORK, NY — (MARKET WIRE) — 11/11/2003 — UBS (NYSE: UBS) reports net profit of CHF 1,673 million ($1,267 million) for third quarter 2003. Excluding goodwill amortization, net profit was CHF1,911 million ($1,448 million), up 53% from a year […]
Hearts miss a beat as the bears move in for Astra ; MARKET REPORT
MARAUDING bears sank their teeth into AstraZeneca prompting a hefty fall of 92p to 2675p. They sold ahead of today’s American Heart Association conference in Orlando, Florida, at which the drugs giant will release an update on cholesterol-buster Crestor and […]
UBS Reports Third Quarter Net Profit of $1,267 Million(1)
UBS (NYSE: UBS) reports net profit of CHF 1,673 million ($1,267 million) for third quarter 2003. Excluding goodwill amortization, net profit was CHF 1,911 million ($1,448 million), up 53% from a year earlier and 2% higher than second quarter. “It […]
Goldman Sachs and Russell Publish Sixth Global Report on Alternative Investing by Institutions
LONDON & NEW YORK–(BUSINESS WIRE)–Nov. 11, 2003–Russell Investment Group: — Commitment to private equity and real estate remains high among institutions worldwide as they increase strategic allocations and commitments to hedge funds — Comprehensive study tracks 11 years of institutional […]