Category Archives: HedgeCo News
Former JP Morgan Manager Starts a New Hedge Fund
WEST PALM BEACH, FL (HEDGECO.NET) – For JP Morgan manager, Jonathan Laredo has teamed up with two other partners, Tim Gledhill and Geoff Smailes to form a new hedge fund, Solent Capital. Laredo wasformer head of structured investments at JP […]
RHB Bank sees huge growth potential for treasuries
THE treasury market is set for a busier year in 2004, driven by better economic prospects and speculation over a possible change in the ringgit peg to the US dollar. “The growth potential for treasuries is tremendous this year,” said […]
Economic impact from bird flu expected to be minimal, BUSINESS
xfdws ECONOMIC-IMPACT-FROM sked Emerging Markets DatafileJanuary 29, 2004 BUSINESS TIMES MALAYSIA ENGLISH Economic impact from bird flu expected to be minimal, BUSINESS TIMES ASIA WorldSources, Inc. 322 MASSACHUSETTS AVENUE 2ND FLOOR, NE WASHINGTON, DC 20002 COPYRIGHT 2003 BY WORLDSOURCES, INC., […]
Providence Journal, R.I., Business Briefs Column
Jan. 29–ALLIANCE CUTS COLLEGE-FUND FEES: Alliance Capital Management, which manages Rhode Island’s state-sponsored college savings plan — the CollegeBoundFund — has lowered its fees, according tothe State Investment Commission, which oversees the pension fund. The SIC reported the rate decrease […]
Bush Seeks $18M Budget Increase for Arts
President Bush is proposing a big funding boost to the National Endowment for the Arts, an agency that once was a favorite target of Republicans. The money would go for a new program to giveAmericans an up-close look at their […]
Canada bank said to face U.S. regulators’ lawsuits
Just weeks after paying a big fine for its financial dealings with Enron, the Canadian Imperial Bank of Commerce faces imminent regulatory action for providing more than $1 billion in financing toinvestors who made illegal mutual fund trades, according to […]
Hedge fund in scandal wants case consolidated
The Secaucus hedge fund sued in seven states for its alleged role in the mutual fund trading scandal is scheduled to ask today to have the 61 suits combined and heard in federal court in New York. Canary Capital Partners […]
HSBC Republic Investments to Unveil New Fund Products
WEST PALM BEACH, FL (HEDGECO.NET)- HSBC Republic Investments is set to unveil new hedge fund vehicles, the new funds would utilize long/short investment philosophy to accomplish absolute return toinvestors in the fund. The new product is to be launched on […]
Implications of the Dollar Decline on the Global Economy: An Analysis
WEST PALM BEACH, FL (HEDGECO.NET)- The US dollar has been on steep decline against major currencies of the world, particularly the Euro, for quite some time. Some market analysts, worry that thedecline of the dollar may discourage foreign investors from […]
Swiss attorney accused of bribing Azerbaijani officials ordered
NEW YORK (AP) — A Swiss lawyer charged with conspiring to bribe Azerbaijani officials to push through the privatization of the state oil company can be released on bail over the objections ofprosecutors, a judge ruled Wednesday. Hans Bodmer, 48, […]
Witnesses tell of abuses
Witnesses tell of abuses Whistle-blowers describe ease in finding mutual fund companies interested in executing improper trades By STEPHEN LABATON New York Times Wednesday, January 28, 2004 Washington — Two people who blew the whistle to state prosecutors about corruption […]
Notebook: From pitches and pizzas to Channel 4
Eyebrows raised over choice for chairman In the league of I-kid-you-nots, this really does take some beating: “Ofcom appoints Luke Johnson as chairman of Channel 4.” For those who have never heard of the man, Ofcom informs us that this […]