Category Archives: HedgeCo News
Bernstein Liebhard & Lifshitz, LLP Announces Class Action Lawsuit Commenced Against AllianceBernstein Technology Fund, AllianceBernstein Fund, Inc., Alliance Capital Management Holding L.P., Alliance Capital Management L.P., Alliance Capital Managemen
NEW YORK, NY — (MARKET WIRE) — 11/19/2003 — A class action lawsuit was commenced in the United States District Court for Southern District of New York on behalf of all persons who purchased orotherwise acquired shares or other ownership […]
Grace Magazine Shuts After Investor Quits
NEW YORK (AP) – Grace, a fashion and lifestyle magazine for women size 12 and up, is shutting down after its primary investor pulled out, the company announced Wednesday. Grace published seven issues since launching in May of last year, […]
TheStreet.com Daily Briefing Launched for Retail Brokers and Financial Advisors; Latest Product Designed to Help Investment Professionals Build Their Businesses
NEW YORK–(BUSINESS WIRE)–Nov. 19, 2003–TheStreet.com, Inc. (Nasdaq:TSCM), a leading provider of financial commentary, research, analysis and news, today announced the launch of TheStreet.com DailyBriefing. TheStreet.com Daily Briefing is a daily email service that provides retail brokers and financial advisors with […]
SEC Commissioner Outlines Mutual Fund Reforms; Committee Remains Critical
Nov. 19–Securities and Exchange Commissioner William H. Donaldson confessed yesterday that for years his agency had failed to check funds to catch wrongdoing like late trading or market timing,practices used to steal millions from small investors. “For too long, the […]
FBI Created Hedge Fund in Sting
NEW YORK (AP) – In an elaborate undercover operation to infiltrate an alleged foreign exchange and securities scam, the FBI set up a fake hedge fund called Centurion Consulting Inc., according tocourt documents unsealed Wednesday. It was through this hedge […]
Janus Hires Firm to Assess Market-Timing
DENVER (AP) – Janus Capital Group Inc. said Wednesday it hopes to know by the middle of next month how much improper trading arrangements cost its mutual fund shareholders. The Denver-based company also should have a method for making restitution […]
Bernstein Liebhard & Lifshitz, LLP Announces Class Action Lawsuit Commenced Against AllianceBernstein Technology Fund, AllianceBernstein Fund, Inc., Alliance Capital Management Holding L.P., Alliance Capital Management L.P., Alliance Capital Manag
A class action lawsuit was commenced in the United States District Court for Southern District of New York on behalf of all persons who purchased or otherwise acquired shares or other ownership units of one or more of the mutual […]
Tokyo Stocks Plunge as Higher Yen Hits Techs
Tokyo, Nov. 19 (Jiji Press)–Stocks plunged on the Tokyo Stock Exchange Wednesday, as export-oriented technology heavyweights were beaten down on the heels of Wall Street stocks’ setback overnightand the yen’s appreciation versus the dollar. Amid dwindling turnover, the key Nikkei […]
FLYING PELIKON MAY FLOAT ; Niche firm’s turnover could be pounds 100m in five years time
SOUTH WALES high technology company Pelikon is considering a flotation. The company, which specialises in electro luminescence display technology, said a float, on a yet to be determined exchange could be realised in 2005. The Caerphilly-based company, specialises in producing […]
BluMont Man Multi-Strategy Notes Close at C$35.8 Million
TORONTO–(BUSINESS WIRE)–Nov. 19, 2003–BluMont Capital Inc. (“BluMont”) (TSXV: BCC) is pleased to announce that its wholly-owned subsidiary, BluMont Capital Corporation, has raised C$35.8 millionwith its third multi-manager/multi-strategy principal guaranteed structured product – the BluMont Man Multi-Strategy Notes (“Multi-Strategy Notes”). The […]
SEC Chair, Securities Regulators Disagree on How to Handle Fund Scandals
Nov. 19–There they go again. Securities and Exchange Commission chairman William Donaldson and top securities regulators in New York and Massachusetts are still arguing over how to handle the mutual fund scandals. At a Congressional hearing yesterday, the brawl almost […]
Investors Accuse Woodland Hills, Calif.-Based Health Net of Hiding Finances
Nov. 18–An investor group has sued Health Net Inc. for more than $200 million in damages, alleging the Woodland Hills-based managed care company concealed financial information about its formersubsidiary. The lawsuit, announced Monday, claims that Health Net did not reveal […]