Category Archives: HedgeCo News
Nikkei Gets No Boost, with Koizumi’s Victory Narrow
By Yuka Yamamori Tokyo, Nov. 10 (Jiji Press)–A narrow victory of Japanese Prime Minister Junichiro Koizumi’s ruling coalition in Sunday’s general election left the stock market with little positive surprise Monday, leading bearish sentiment to prevail. The benchmark Nikkei average […]
Tokyo Stocks Fall on Wall St. Setback, Banks Sold Heavily
Tokyo, Nov. 10 (Jiji Press)–Stocks retreated on the Tokyo Stock Exchange Monday, as banks and other high-fliers in the key Nikkei average met with selling after strong employment data failed toboost U.S. stocks on Friday. Players said the results of […]
Tokyo Stocks Retreat in Morning
Tokyo, Nov. 10 (Jiji Press)–Stocks headed lower on the Tokyo Stock Exchange Monday morning, following a downturn in U.S. stocks last Friday. The market little reacted to Sunday’s general election in which Prime Minister Junichiro Koizumi’s ruling coalition retained power […]
Funds’ fears and fees led to timing scandal
NEWS ANALYSIS Funds’ fears and fees led to timing scandal By GRETCHEN MORGENSON New York Times Monday, November 10, 2003 In the early 1990s, mutual fund companies occasionally allowed select institutional clients to trade fund shares rapidly, a practice known […]
Cogency Software Licenses Cogency Wisdom to StoneHedge Partners for Enterprise Risk Monitoring and Alerting
SAN MATEO, Calif.–(BUSINESS WIRE)–Nov. 10, 2003–Cogency Software, Inc., the provider of enterprise risk reduction applications, today announced that it has licensed its Cogency Wisdom(TM) forHedge Funds to StoneHedge Partners, Inc., an integrated hedge fund services organization, based in New York […]
The Bank of New York Expands European Hedge Fund and Broker Dealer Team
LONDON–(BUSINESS WIRE)–Nov. 10, 2003–The Bank of New York, a leading provider of securities services, announced that David Aldrich has joined the Bank as head of securities industry banking inLondon. Mr. Aldrich will be responsible for relationship management and sales for […]
Russell to Hold Investment & Governance Symposium for Endowments & Foundations in Los Angeles
TACOMA, Wash.–(BUSINESS WIRE)–Nov. 10, 2003–Russell Investment Group: One-Day Educational Forum Will Address Critical Issues Facing Both Trustees and Staff of Non-Profit Organizations and Foundations Agenda Will Focus on Investment and Spending Issues, Governance and Fiduciary Responsibilities, and Philanthropy in the […]
XOsoft Partner Richard Fleischman & Associates Honored with ‘Best Practices in Storage’ Award at Storage Networking World Fall 2003
NEW YORK–(BUSINESS WIRE)–Nov. 10, 2003– XOsoft Recognized for Unique Approach to Solving Storage Challenges XOsoft, a leading provider of Business Continuity software solutions, today announced its partner Richard Fleischman & Associates (RFA) has been recognized by IDG’s Computerworld, in partnership […]
Milliman USA Will Acquire Evaluation Associates Consulting; Top-Ranked Firm to Strengthen Institutional Investment Consultancy
SEATTLE–(BUSINESS WIRE)–Nov. 10, 2003–Milliman USA, a Seattle-based consulting firm, announced today that it has signed an agreement to acquire Evaluation Associates, the consulting division ofNorwalk, CT-based EAI Partners, LP. Evaluation Associates is a top ten-ranked full-service investment consulting firm serving […]
Funds’ fears and fees led to timing scandal Wall Street Watch
In the early 1990’s, mutual fund companies occasionally allowed select institutional clients to trade fund shares rapidly, a practice known as market timing. But such trades were relatively small andusually limited to funds that held corporate bonds or mortgage-backed securities, […]
Investors Left Wondering about Mutual Funds as Pension Managers Bail Out
Nov. 10–The seemingly endless revelations of corruption within the mutual fund industry have spooked many of the 95 million Americans who have entrusted the fund families with their hard-earnedsavings. And it has left some people wondering whether they should continue […]
State regulators have begun their own investigation of Strong
State regulators have begun their own investigation of Strong Agency could suspend the licenses of advisers By PAUL GORES [email protected], Journal Sentinel Sunday, November 9, 2003 While New York Attorney General Eliot Spitzer and the Securities and Exchange Commission grab […]