Category Archives: HedgeCo News
Longship Capital Management Launches a Multi-Strategy Fund
WEST PALM BEACH, FL (HEDGECO.NET) – Longship Capital Management has announced the launching of its new hedge fund product, a Multi-Strategy Debt Fund. According to the press release, the fund isaimed at investors seeking to allocate capital to fixed income […]
Venture Firm Relocates to Wakefield, MA Improving Accessibility to Investors and Portfolio Companies
WAKEFIELD, MA February 6, 2004 — Brook Venture Partners, a venture capital firm investing in early expansion stage companies and currently raising Brook Venture Fund II, announces today it has movedits corporate office to Wakefield, MA. The new location provides […]
Ex-Chicago Options Trader Convicted of Securities Fraud
Feb. 6–A federal jury on Thursday convicted former Chicago options trader Edward Thomas Jung on 10 counts of wire and securities fraud for bilking dozens of investors out of more than $21 million. Jung’s wife, Diane Juergens, fell to her […]
Shares And Market Report: Market Movers
bICI 220.25p (up 6.25p, 2.9 per cent). HSBC Securities upgrades to “add” from “reduce” following forecast-busting fourth quarter numbers from the chemicals giant. bSmith & Nephew 498.5p (up 13.5p, 2.8 per cent). Hits its full year profit targes and issues […]
Brit Energy meltdown after hedge fund sells
AN AMERICAN hedge fund which mysteriously appeared on British Energy’s share register last Friday as the owner of a 4.56 per cent stake just as swiftly disappeared yesterday, netting a pounds 1.4mprofit. Apaloosa Investment Management, which bought 28 million shares […]
Fund abuse scandals hit new low
Daniel Calugar was what they call a whale. He was the biggest of the big fish (OK, whales are mammals) in an open sea where the small fish, as we now know, don’t really matter all that much. But in […]
MFS agrees to settlement
MFS agrees to settlement Fund to pay $350 million in trade scandal By JUSTIN POPE Associated Press Friday, February 6, 2004 Boston — The company credited with inventing the mutual fund 80 years ago was formally swept up in the […]
Investors take their money and run from tainted hedge funds
NEW YORK – Investors fled hedge funds accused of shady trading practices in droves last year as their strategies came under intense scrutiny from regulators, according to a survey. The funds saw $1.8 billion, or nearly half of their total […]
Franklin could be in deeper with SEC
Federal regulators have found that improper market-timing at San Mateo-based Franklin Resources Inc. extended beyond the arrangement with a single Las Vegas broker highlighted this week byMassachusetts authorities, a Securities and Exchange Commission official said Thursday. Franklin, the No. 4 […]
Generator’s shares slip as investor pulls out
BRITISH Energy saw its shares lose a third of their value yesterday after a US hedge fund which investors hoped would fight their corner in the nuclear power generator’s restructuring pulled out ofthe stock. In a statement, British Energy said […]
Scottish Power profits up by pounds 6m
ENERGY group Scottish Power, which owns Merseyside electricity supplier Manweb, has lifted third quarter profits by pounds 6m. The company also revealed UK customer numbers had hit 4m for the first time. The Glasgow-based group, which operates power networks as […]
Fund scandal spreads to Franklin’s parent firm
BOSTON (AP) — In the latest legal blow to a major mutual fund company, Massachusetts regulators accused the parent company of Franklin Templeton Investments of fraud Wednesday, alleging the firm leta Las Vegas businessman make $45 million worth of improper […]