Category Archives: HedgeCo News
Citigroup to Acquire Forum Financial Group; Citigroup’s Global Transaction Services Strengthens Its Fund Administration Services Offering
NEW YORK–(BUSINESS WIRE)–Nov. 3, 2003–Citigroup (NYSE: C) today announced that it is acquiring Forum Financial Group, a provider of fund administration services with over 18 years of servicehistory. The acquisition will include Forum Financial Group’s operations in Portland, Maine, Warsaw, […]
Venture capital advice
BUSINESSES will be given an insight into how to secure venture capital funding at a forum event in Cardiff tomorrow. Among the speakers will be chief executive of Sir Terry Matthews’s high technology venture capital fund Wesley Clover, Simon Gibson. […]
R. F. Lafferty & Co. Offers VhaYu’s TraderBot Real-time Financial Search Engine on Subscription Basis to its Expanding Customer Base
NEW YORK & LOS GATOS, Calif.–(BUSINESS WIRE)–Nov. 3, 2003–According to R.F. Lafferty, one of the leading options brokers in the US, “Trading puts and calls is complicated and fast paced. Ifyou are trading options on highly volatile stocks, seconds can […]
Don’t forget crisis lessons, says Tung, THE STANDARD
xfdws DON’T-FORGET-CRISIS sked Emerging Markets Datafile November 03, 2003 THE STANDARD HONG KONG ENGLISH Don’t forget crisis lessons, says Tung, THE STANDARD Louis Beckerling ASIA WorldSources, Inc. 322 MASSACHUSETTS AVENUE 2ND FLOOR, NE WASHINGTON, DC 20002 COPYRIGHT 2003 BY WORLDSOURCES, […]
Mutual Funds under Fire as Investors Begin to Feel Sense of Betrayal
Nov. 2–As federal and state regulators launch investigations into some of the nation’s best-known mutual fund companies, investors are gripped by a single question: How could such a thing happen inan industry that prided itself on steering clear of the […]
U.S., N.Y. Press Mutual Fund Probe
WASHINGTON (AP) – Federal regulators and New York’s top law enforcer, pressing investigations of a mutual fund scandal, also are drawing up an overhaul of the $7 trillion industry that traditionallyhas enjoyed a pristine image. New York Attorney General Eliot […]
Scandal Causes Customers to Lose Faith in Mutual Fund Industry
Nov. 2–Some 95 million Americans rely on mutual funds to invest and protect trillions in savings they hope to use to educate their children, buy new homes and help fund their retirements. But a growing scandal in which a number […]
Pieces Still Missing for Bank of America After FleetBoston Acquisition
Nov. 2–Bank of America chief Kenneth D. Lewis bragged last week that his $47 billion purchase of FleetBoston had created a “long-term vision for a truly national bank.” Not quite. While the new Bank of America will have a strong […]
Many pennies prove costly for mutual fund industry
NEWS ANALYSIS Many pennies prove costly for mutual fund industry By FLOYD NORRIS New York Times Saturday, November 1, 2003 New York — If you want to steal a lot of money and get away with it, steal a little […]
Elan eases debt burden with successful placing
Irish pharmaceutical company Elan has eased its medium-term debt obligations after successfully placing 35 million shares and $460 million (E395 million) in convertible bonds within 48 hours. Markets responded positively last night as the company placed the shares at $4.95, […]
Growing fund scandal brings calls for reform
Growing fund scandal brings calls for reform Regulatory overhaul may be most sweeping in industry’s history By LISA SINGHANIA Associated Press Saturday, November 1, 2003 New York — The mutual funds scandal has taken on a new, potentially much more […]
Investor Is Concerned about Allegations against Wisconsin Mutual Fund Firm
Nov. 1–Strong investor Bill Van Lieshout of Madison is in a quandary, and he doubts that he’s the only one. Van Lieshout has placed thousands of dollars in Wisconsin’s EdVest college savings program, which is managed exclusively by a unit […]