Category Archives: HedgeCo News
SG Corporate & Investment Banking Announces Innovative Financial Products Linked to the MSCI(R) Hedge INVEST Index
<body.content> <block> <p>NEW YORK, Nov. 24 /PRNewswire/ — SG Corporate & Investment Banking (SG CIB), a division of Societe Generale Group, announced today that it willoffer a range of new financial products based on the MSCI(R) Hedge Invest Index to […]
DTCC’s Credit Default Swaps Automated Confirmation Service Goes Live With Nine Users
<body.content> <block> <p>NEW YORK, Nov. 24 /PRNewswire/ — Nine of the largest dealers in credit default swaps worldwide are now using the automated trade confirmation servicedeveloped by The Depository Trust & Clearing Corporation (DTCC) to confirm trades.</p> <p>DTCC’s service was […]
Splicing For Dollars
Amid the doldrums of venture capital, the folks at MPM Capital are on a tear. Late last year, as venture capital firms left and right were returning money to investors because they could find no place to put it, MPM […]
What Investors Should Know about Mutual Funds in Wake of Scandal
Nov. 23–If you own mutual funds, there’s a very good chance you’ve been robbed. That’s right, robbed. Nobody knows exactly how much was taken. But robbery is, in essence, what the widening mutual-fund scandal amounts to. Since September, regulators have […]
Menlo Park, Calif.-Based Biotech Firm Geron Struggles to Survive
Nov. 23–Geron was once a high-flier among biotech companies, best known as the leader in growing cells from human embryos to treat a host of ailments, like heart disease, diabetes and Parkinson’s. It captured the imagination of investors and the […]
Mutual Fund Investors Want Explanations from Companies under Scrutiny
Nov. 23–Hank Okraski felt blindsided when he found out his longtime mutual fund, Janus, was linked to ongoing investigations of improper trading practices within the mutual-fund industry. Nobody from Janus had given him a heads-up. Nobody had called with a […]
Las Vegas Investors Express Ire over Mutual Fund Scandal
Nov. 23–The attitude of some Las Vegas investors on the mutual fund scandal can best be summed up in the title of the 1968 Clint Eastwood movie, “Hang ‘Em High.” Others think the title of a Shakespeare play, “Much Ado […]
Scandals taint college savings plans
Scandals taint college savings plans; investors may have to wait on changes By JOHN KIMELMAN New York Times Sunday, November 23, 2003 Over the last few years, investors’ biggest complaint about state- sponsored college savings plans was that they often […]
Scandal Summary
SCANDAL SUMMARY Many companies have lost employees over market timing Sunday, November 23, 2003 Many mutual fund companies find themselves caught in New York Attorney General Eliot Spitzer’s widening net. Many more firms than are on this list have been […]
Aren’t charges at Strong due?
Aren’t charges at Strong due? It’s been almost 3 months since first accusation By KATHLEEN GALLAGHER AND PAUL GORES [email protected] Sunday, November 23, 2003 New York Attorney General Eliot Spitzer told a congressional committee earlier this month that Richard S. […]
Weed out funds that fail high standards
THE SAVINGS GAME Weed out funds that fail high standards By HUMBERTO CRUZ Tribune Media Services Saturday, November 22, 2003 As helpless and confused as we may feel about the ever-growing mutual fund scandal, we the individual investors have the […]
New York Prosecutors Widen Investigation of Improper Mutual Fund Trades
Nov. 22–Federal prosecutors in New York are jumping into the widening investigation of improper mutual fund trades. The U.S. attorney for the Southern District in Manhattan, James Comey, has subpoenaed Bear Stearns & Co. “seeking information regarding trading in shares […]