Monthly Archives: November 2003
AME Info, Abu Dhabi, United Arab Emirates, Financial Briefs Column
Nov. 10–MAN GROUP FUNDS POPULAR: Man Group has reported a growth in funds under management from USD22.1 billion to USD31.5 billion in the year to end of September. CEO Stanley Fink said the highlevel of private investor sales achieved in […]
Broking rivals warm to HSBC over spending spree ; Market Report
BRITAIN’S biggest company, HSBC, is continuing to attract fans even though the shares have soared by almost 50% this year. Today the price dipped 11p to 900p – which compares with its low of 631p in February – where the […]
Hard Times Put Pittsburgh’s Money Managers Under Microscope
Nov. 10–When the stock market was routinely registering double-digit gains in the 1990s, pension funds, college endowments and other large investors didn’t much question whether their success wasbased on the skill of the people they hired to manage their money […]
Daily News, New York, Guerrilla Investing Column
Nov. 10–I’m having a good year in 2003. My fund is up about 65 percent. But I owe my good performance to the decisions I made in 2002, when everything I did was wrong. Last year, I felt like an […]
Investors Left Wondering about Mutual Funds as Pension Managers Bail Out
Nov. 10–The seemingly endless revelations of corruption within the mutual fund industry have spooked many of the 95 million Americans who have entrusted the fund families with their hard-earnedsavings. And it has left some people wondering whether they should continue […]
Funds’ fears and fees led to timing scandal Wall Street Watch
In the early 1990’s, mutual fund companies occasionally allowed select institutional clients to trade fund shares rapidly, a practice known as market timing. But such trades were relatively small andusually limited to funds that held corporate bonds or mortgage-backed securities, […]
XOsoft Partner Richard Fleischman & Associates Honored with ‘Best Practices in Storage’ Award at Storage Networking World Fall 2003
NEW YORK–(BUSINESS WIRE)–Nov. 10, 2003– XOsoft Recognized for Unique Approach to Solving Storage Challenges XOsoft, a leading provider of Business Continuity software solutions, today announced its partner Richard Fleischman & Associates (RFA) has been recognized by IDG’s Computerworld, in partnership […]
The Bank of New York Expands European Hedge Fund and Broker Dealer Team
LONDON–(BUSINESS WIRE)–Nov. 10, 2003–The Bank of New York, a leading provider of securities services, announced that David Aldrich has joined the Bank as head of securities industry banking inLondon. Mr. Aldrich will be responsible for relationship management and sales for […]
Markets: FTSE goes up like a Guy Fawkes rocket ; The week that was
There were plenty of fireworks in the night sky last week, but sparks were also flying in the financial markets, as November began with the FTSE 100 rallying to its highest close for 14 months. To no surprise, the Bank […]
Mutual Fund Figure Casts Shadow on New Jersey Family Dynasty
Nov. 9–For decades, the Stern family name has signified fabulous wealth, extensive real estate developments, and the transformation of neglected industrial wasteland into gold on the Jersey Citywaterfront and in the Meadowlands. Through their Secaucus-based development arm, Hartz Mountain Industries, […]
Strong Case Underscores Concerns about Profit Push by Mutual Funds
Nov. 9–Richard Strong always has known how to make money in the investment business. He built a built a personal fortune estimated at $800 million and a financial company with $42 billion in assets largely by doing what hundreds of […]
AME Info, Abu Dhabi, United Arab Emirates, Business Briefs Column
Nov. 9–EBI UPS EMIRATISATION TARGET: Emirates Bank International to invest USD3 million in recruitment and training of UAE nationals over the next five years to reach a 40 per cent emiratisationlevel as soon as possible, said a statement. So far […]