Category Archives: HedgeCo News
Nightly Business Report
xfdce NIGHTLY-BUSINESS-REPO-00 Show: NIGHTLY BUSINESS REPORT> Date: December 11, 2003> Time: 18:30:00> Tran: 121100cb.118> Type: SHOW> Head: Nightly Business Report> Sect: Business> Byline: Paul Kangas, Susie Gharib, Suzanne Pratt, Darren Gersh> Guest: Burtch Drake> Spec: Business; Economy> Time: 00:00:00> PAUL […]
Van Global Hedge Fund Index Earns 1.1% Net in November; Index Positive in Ten of Eleven Months in 2003
NASHVILLE, Tenn.–(BUSINESS WIRE)–Dec. 11, 2003–The Van Global Hedge Fund Index posted a 1.1% net gain in November, according to Van Hedge Fund Advisors International (VAN). The Index representsthe average net monthly hedge fund return submitted to VAN, with nearly 850 […]
Sale just one option for Strong
Sale just one option for Strong Views on divestiture diverge By KATHLEEN GALLAGHER AND DAVE UMHOEFER [email protected] Thursday, December 11, 2003 A Strong Financial Corp. executive left open the possibility that company founder Richard S. Strong might decide not to […]
Watchdog steps up `market timing’ investigation
THE FINANCIAL Services Authority yesterday instructed 25 chief executives from Britain’s largest fund management companies to set up internal investigations to check whether there was evidence thatemployees had engaged in controversial market practices. Callum McCarthy, the chairman of the FSA, […]
One source, a variety of views Only favored clients got analyst’s true assessment of SBC Wall Street Watch
In the summer of 2001, the lofty stock price of SBC Communications was coming down, but the company appeared strong. On July 25 that year, it issued its second-quarter earnings report, boasting that disciplined financial management had driven its earnings […]
Derivative Solutions Provides Software to Insurance Companies to Calculate Standard & Poor’s RBC and FPC Models; Software Calculates Risk Exposure for Insurance Companies
NEW YORK–(BUSINESS WIRE)–Dec. 11, 2003–Derivative Solutions, a leading provider of analytical software to the fixed income industry, announced today that its software produces the risk exposuremeasurements necessary to populate key portions of Standard & Poor’s risk-based capital (RBC) and financial […]
Prudential Charged With Late Fund Trading
BOSTON (AP) – The Massachusetts secretary of state charged Prudential Securities on Thursday with widespread late trading of mutual funds for its hedge fund customers. Secretary of State William F. Galvin said the scheme violated state and federal laws and […]
FSA warns fund managers: Bosses must take responsibility for tackling market timing and late trading
Callum McCarthy, the chairman of the Financial Services Authority, warned the heads of leading fund management firms yesterday that they were personally responsible for rooting out trading practicesthat can discriminate against private investors. At a meeting with the chief executives […]
According to Stax, Behavior Doesn’t Change Overnight, That Goes for Cell Phones Too, All You Have to Do is Ask, and Watch
CAMBRIDGE, Mass.–(BUSINESS WIRE)–Dec. 11, 2003–Pundits have pronounced; analysts have estimated; there is no shortage of opinions: Now that the new cellular phone portability law is “live” (in theinitial 100 cities, at least), everyone wants to know whether cell phone customers […]
(EQU.PA) FutureTrade Selects Radianz for Connectivity to Trading Venues and Customers
NEW YORK & LAKE FOREST, Calif.–(BUSINESS WIRE)–Dec. 10, 2003–FutureTrade Technologies LLC and Radianz today announced a multiyear pact that will enable FutureTrade to use Radianz’s marketinfrastructure, RadianzNet, for connectivity to electronic communications networks (ECNs) and to its clients. FutureTrade’s innovative […]
Spotlight hits whistle-blower
Noreen Harrington is a reluctant hero. She never wanted to be identified as a whistle-blower. She never sought media attention. She just wanted to help her sister and the millions of other 401(k)plan investors who count on mutual funds to […]
Law Offices Of Charles J. Piven, P.A. Announces the Filing of a Class Action Suit Against Federated Investors, Inc. and its Federated Family of Mutual Funds on Behalf of Investors — FGEIX, WUFAX, FGOAX, FGUAX
BALTIMORE, Dec. 10, 2003 (PRIMEZONE) — Law Offices Of Charles J. Piven, P.A. announces that a class action lawsuit has been filed in the United States District Court for the Western District ofPennsylvania on behalf of all purchasers of the […]