Category Archives: HedgeCo News
Falklands hope for golden future
A new company with dreams of turning the Falklands into a second South Africa was launched yesterday to prospect for gold on the peat- covered islands invaded by Argentina 22 years ago. Falkland Island Holdings (FIH), the main commercial operation […]
Relax; let a private bank take the strain ; But the discreet old money moguls face new competition says William Kay. Make way for the thrusting young fund managers
WHEN ROBERT Jones retired early from BP he decided he did not want to be bothered with money. “I wanted to be lazy,” he said over a cup of coffee at his cottage overlooking the Dome in London’sDocklands, “So I […]
Expert Securities Testimony Not Allowed
NEW YORK, Feb. 13 — The federal judge overseeing Martha Stewart’s trial ruled Friday that prosecutors may not call expert witnesses to prove the most serious charge against her — that she manipulated the price of shares in her media […]
New Hedge Fund Launches with No Management Fee Angle
WEST PALM BEACH, FL (HEDGECO.NET)- A new hedge fund with 0% management fee was just launched, according to a released statement. The fund, called UBO Inc. Alternative Investment Fund does not chargeits investors any management fee if the fund fails […]
Schroders Makes New Appointment to its Hedge Fund of Funds Team
LONDON, ENGLAND (HEDGECO.NET) – Schroders Asset Management Company has appointed Mr. Stephen Green to its fund of funds team according to company statements. The company continues to strengthen itsFund of Funds operations by recruiting additional staff to its London office. […]
Trader Talk
HEDGE fund boutique Lansdowne Partners has increased its stake in Regal Petroleum, having already doubled its money in only two months. After the latest purchase, Lansdowne’s shareholding has risento 4.2 million shares, or 4.1%. A big oil find in Greece […]
Jackson ‘pounds 40m or broke in 4 days’
MICHAEL Jackson is facing a crisis after being ordered to repay a pounds 40million loan in four days, it was claimed yesterday. His financial advisers allegedly admit he has no money to meet the demand and wants the time-limit extended […]
Michael Jackson close to bankruptcy with debts of $70m
THE MAN from Neverland is living on the never-never. Michael Jackson’s financial advisers disclosed yesterday that the singer is all but broke and unable to repay a $70m (pounds 37m) loan that is duenext Tuesday. Though the beleaguered singer – […]
Trader Talk
HEDGE fund boutique Lansdowne Partners has increased its stake in Regal Petroleum, having already doubled its money in only two months. After the latest purchase, Lansdowne’s shareholding has risento 4.2 million shares, or 4.1%. A big oil find in Greece […]
FleetBoston Fund Unit Discloses Details
BOSTON (AP) – Columbia Management, a unit of FleetBoston Financial Corp., has fired a portfolio manager for allowing improper trading in a mutual fund he managed. The company also acknowledged aso-called “sticky asset” arrangement in which investors were given improper […]
EdVest loses Strong accounts in January
EdVest loses Strong accounts in January By PAUL GORES [email protected], Journal Sentinel Friday, February 13, 2004 Investors in Wisconsin’s EdVest college savings program closed 3,166 Strong funds accounts in January, while the number of accounts using non-Strong portfolios increased by […]
Investor Files Suit against Fund Manager Franklin Resources
Feb. 13–A San Mateo investor sued Franklin Resources in San Francisco federal court, alleging the firm harmed investors by allowing improper trading in one of its funds in 2001. The suit, seeking class-action status, is part of the latest fallout […]