Category Archives: HedgeCo News

SS&C Reports Record Q3 Operating Income; Net Income Rises 42% to $3.0 Million or $0.23 Per Share

WINDSOR, Conn.–(BUSINESS WIRE)–Oct. 16, 2003–SS&C Technologies, Inc. (Nasdaq: SSNC) today announced results for the quarter ended September 30, 2003. Revenues were $16.0 million compared with$15.1 million for the third quarter of 2002. Net income was $3.0 million, or $0.23 diluted […]

THE INVESTMENT COLUMN: Trio of fund managers a sound bet

THE FTSE 100’s 13-month high is lucky for some: Schroders and Amvescap, the UK’s two biggest quoted fund management groups. It is a simple equation. The higher the market, the greater the value of the funds under management, the higher […]

Former Mutual Fund Exec Pleads Guilty

ALBANY, N.Y. (AP) – A former mutual fund executive pleaded guilty Thursday to a felony and agreed to pay a $400,000 civil penalty in a growing investigation of improper mutual fund trading thatprosecutors said cost other investors billions of dollars. […]

Hedge Fund Receives Subpoenas From State and Federal Regulators

<body.content> <block> <p>NEW YORK, Oct. 16 /PRNewswire/ — Veras Investment Partners, LLC, a Texas-based hedge fund, has received subpoenas from the New York Attorney General andthe U.S. Securities and Exchange Commission in connection with an ongoing investigation into trading in […]

Wisconsin Firm Ademi & O’Reilly, LLP Announces the Filing of a Class Action Suit in the United States District Court for the Eastern District of Wisconsin Against Strong Financial Corporation Defendants and Canary on Behalf of Purchasers of the Securi

Wisconsin Firm Ademi &amp; O’Reilly, LLP Announces the Filing of a Class Action Suit in the United States District Court for the Eastern District of Wisconsin Against Strong Financial CorporationDefendants and Canary on Behalf of Purchasers of the Securities of […]

VhaYu Increases New York Presence by Adding Former SunGard and Unisys Sales Executives

LOS GATOS, Calif.–(BUSINESS WIRE)–Oct. 16, 2003–VhaYu Technologies Corp. announced today that Ross Dubin, formerly at Unisys, and Maureen Baker, formerly at SunGard, have joined its sales team inNew York, reporting to Gary Manton, director, sales and marketing. “VhaYu’s been growing […]

/FIRST AND FINAL ADD — CA044 – Strong Prices, Growing Margins Deliver Solid Third Quarter Results for Nexen

<body.content> <block> <p/> <p style=”pre” id=”pre1″> Nexen Inc. Unaudited Consolidated Statement of Cash Flows For the Three and Nine Months Ended September 30 Cdn$ millions Three Months Nine Months Ended September 30 Ended September 30 2003 2002 2003 2002 ————————————————————————- […]

TheStreet.com Announces Q3 2003 Financial Results; Company Records Lowest Net Loss and Tenth Sequential Quarter of Increased Subscription Revenue

NEW YORK–(BUSINESS WIRE)–Oct. 16, 2003–TheStreet.com, Inc. (Nasdaq: TSCM), a leading multimedia provider of financial commentary, analysis, research and news, today announced its financial resultsfor the third quarter 2003, which includes the Company’s lowest net loss, tenth sequential quarter of increased […]

Top economist warns against rise in rates; Wadhwani says any premature move could derail recovery

Sushil Wadhwani, who was a member of the Bank of England’s interest-rate setting team until last year, yesterday warned that a premature rise in borrowing costs could derail the nascent economicrecovery. The economist and hedge fund expert who played a […]

Wisconsin Firm Ademi & O’Reilly, LLP Announces the Filing of a Class Action Suit in the United States District Court for the Eastern District of Wisconsin Against Strong Financial Corporation Defendants and Canary on Behalf of Purchasers of the Securi

Wisconsin Firm Ademi &amp; O’Reilly, LLP Announces the Filing of a Class Action Suit in the United States District Court for the Eastern District of Wisconsin Against Strong Financial CorporationDefendants and Canary on Behalf of Purchasers of the Securities of […]

Investors leave scandal-stained funds

Investors yanked money last month from some funds involved in the widening mutual fund scandal. And regulators say they are about to crack down on funds that allowed abusive trading practices. Regulators say they are targeting illegal late trading and […]

Galvin called tough regulator

BOSTON — Massachusetts Secretary of State William Galvin has been out front on many investor issues, from the perils of day trading to boiler rooms that pitch fraudulent penny stocks. But at themoment, he’s playing second fiddle to headline-grabber New […]