Category Archives: HedgeCo News
CALpers begins review of Franklin Unit
WEST PALM BEACH, Florida (HEDGECO.NET) – The largest pension scheme in the United States, the California Public Employees Retirement System[CALpers] has started its review process for FranklinResources Inc, whose investment management arm Franklin Advisors oversees CAPpers US$780 million stock fund, […]
BISYS Insurance Services Selects Beacon Research to Enhance Website for Producers
Approximately 100,000 Agents, Brokers and BISYS Support Staff to use Web-Based Front-End Application for Fixed Annuity Product Selection EVANSTON, Ill., Jan. 13, 2004 (PRIMEZONE) — Beacon Research announced today that it has been selected to provide a customized front-end application […]
European Hedge Funds Post Losses Associated With Parmalat Scandal
What does a former meat packing business in Parma have to do with hedge funds one may ask? Why has such relationship facilitated recent hedge fund losses in some European Convertible Arbitrageportfolios? Calisto Tanzi took over the management of a […]
SEC weighs in on mutual fund reform
SEC weighs in on mutual fund reform Changes would focus on independent directors By KEN MORITSUGU Knight Ridder Newspapers Tuesday, January 13, 2004 Washington — Federal regulators and lawmakers want to reinforce what many industry experts say has been a […]
Morgan Stanley guilty of defamation
PARIS: A Paris court yesterday found US financial powerhouse Morgan Stanley guilty of defamation in its investment research, sending shockwaves through the investment banking industry. Following an acrimonious 14-month legal battle, the court upheld allegations by global luxury leader LVMH […]
Livermore Trading System to be Licensed to First Foundation Financial Services, Inc.
NEW ORLEANS, Jan. 13, 2004 (PRIMEZONE) — Stock Market Solutions (OTCBB:SMKT) announces that under an arrangement with First Foundation Financial Services, Inc, a Canadian financial firm, theLivermore Trading System is to be used exclusively in the trading management of a […]
PCS Research Updates Shareholders on Successful 2003
-0- *T — 90% Increase in Data/Research Revenues Expected For 2003. — 85% Decrease in Operating Loss Expected For 2003. — Operating Income Expected to Near Break-Even in Q4 2003. — Over 75 New Institutional Client Accounts Added in 2003. […]
Maximum Dynamics Announces Strategic Partnership in Mexico
Maximum Dynamics, Inc. (OTC BB: MXDY), a technology solutions company that combines cutting edge technology with its back office and administration services to provide client side support and business process management services, announced today that it has formed a strategic […]
European shares expected to outperform UK equities
FUND managers across the continent expect European equities to outperform UK shares in the next 12 months, one of the market’s most respected studies will predict today. Mercer Investment Consulting’s annual survey of global fund managers will show that European […]
Share Tips: Broker tips Morrisons to take on big stores
Sunday Telegraph: Supermarket group Morrisons expects to complete its acquisition of Safeway by March. Broker Numis thinks the move could create a group that can challenge Asda and Sainsbury’s forthe number two slot in the UK. Morrisons should continue to […]
Guidant Lands High-Profile Physician for New Chief Medical Officer Position
Jan. 12–Nearly 2 1/2 years after Guidant Corp. decided it wanted a companywide chief medical and technology officer, it landed one with a high profile. Dr. Beverly H. Lorell moved last month into her 28th-floor office at Guidant’s headquarters in […]
Colt Telecom’s thoroughbred is more than just an old warhorse ; BUSINESS PROFILE After surviving a series of corporate storms last year, what next for the the 58-year-old telecoms chief?
IT HAS been a traumatic 12 months for Steve Akin, the chief executive of Colt Telecom. He has seen hedge fund managers try to liquidate his business and he has been forced to fend off Britain’scorporate governance brigade, who have […]