Category Archives: HedgeCo News

Alliance Agrees to $600M SEC Settlement

Alliance Capital Management agreed Thursday to a $600 million settlement, including a 20 percent reduction in its fund fees for the next five years, to resolve federal and state accusations itpermitted improper trading of its mutual funds. An agreement jointly […]

Value Line Publishing, Inc. Announces the Release of Its Retail Version of the Value Line Investment Analyzer 3.0

NEW YORK–(BUSINESS WIRE)–Dec. 17, 2003–Value Line Publishing, Inc., the most trusted name in unbiased investment research for more than 70 years, has just released the latest version of its ValueLine Investment Analyzer Version 3.0 for retail customers. This easy-to-use software […]

Japanese Pension Fund to Invest in Hedge Funds

ATLANTA (HedgeCo.Net)- The Government Pension Investment Fund of Japan may soon begin to implement hedge fund investment strategies; such news comes as a surprise to members of the hedge fundinvestment community. Traditionally, Japanese Pension funds have always adopted a conservative […]

Maximum Dynamics, Inc. Announces First TagNet Contract

COLORADO SPRINGS, CO — (MARKET WIRE) — 12/17/2003 — Maximum Dynamics, Inc. (OTC BB: MXDY), a technology solutions company that combines cutting edge technology with back office and administrationservices to provide client side support and business process management services, announced […]

Maximum Dynamics, Inc. Expands Its Presence

COLORADO SPRINGS, CO — (MARKET WIRE) — 12/16/2003 — Maximum Dynamics, Inc. (OTC BB: MXDY), a technology solutions company that combines cutting edge technology with its back office andadministration services to provide client side support and business process management services, […]

Court Nixes Air Canada Creditor Appeal

TORONTO (AP) – A Canadian appeals court refused an Air Canada creditor’s request Wednesday to keep the insolvent airline from accepting a major equity investment from Hong Kong businessman Victor Li. Mizuho International, a hedge fund holding $63 million in […]

Bear Stearns Reports Record Earnings and Net Income in 2003; Strong 4th Quarter Caps Second Consecutive Record Year

NEW YORK–(BUSINESS WIRE)–Dec. 17, 2003–The Bear Stearns Companies Inc. (NYSE:BSC) — Annual Earnings Per Share of $8.52 and Net Income of $1.2 Billion, Rose 32% over 2002 — 2003 Annual Pre-Tax Profit Margin Hits 29.6% — 2003 Annual ROE Reaches […]

AKJ Selects Hotspot FXi Currency Marketplace for ExNet Institutional Trading Platform; Instant FX Trading Capability Available via Global Securities, Derivatives Portal

WATCHUNG, N.J.–(BUSINESS WIRE)–Dec. 17, 2003–Hotspot FXi and AKJensen, Inc. (AKJ) announced today that Hotspot FXi’s institutional foreign exchange marketplace will be available via AKJ ExNet. Thearrangement will enable ExNet customers to execute spot foreign exchange transactions in all major currency […]

Maximum Dynamics, Inc. Announces First TagNet Contract

Maximum Dynamics, Inc. (OTC BB: MXDY), a technology solutions company that combines cutting edge technology with back office and administration services to provide client side support and business process management services, announced today that it secured its first contract of […]

Catching Sparx A Japanese manager rides an upswing

Shuhei Abe, president of Sparx Asset Management, has outdone the competition in the severest of environments over the past decade. And as market conditions improve, he argues, his funds will producesparkling performance that will further outpace rivals. We are entering […]

Putnam Lovell NBF, NewRiver Form Strategic Advisory Alliance; Darlene DeRemer to Lead Joint Effort

NEW YORK–(BUSINESS WIRE)–Dec. 17, 2003–Putnam Lovell NBF Securities Inc., a leading investment bank to the global financial services community, and NewRiver Inc., a leading expert in financialdata technology, are proud to announce a strategic alliance to provide advice to mutual […]

Maximum Dynamics, Inc. Expands Its Presence

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 expanded its presence […]