A group of hedge funds have taken a large position in the underwriting of Royal & SunAlliance’s pounds 960m rights issue and are expected to put the company’s share price under pressure in thenext few days. The funds are playing […]

Oct. 5–Arnold Schwarzenegger brags that he is the only major candidate for governor who has started his own businesses and met a payroll. Fair enough. So how well did he do? And what does it tell us about how he […]

Oct. 4–Jamie Dimon, chairman and chief executive officer of Bank One Corp., said an internal review into the company’s involvement in any rapid-fire trading of mutual funds is continuing. But Dimon, who was in Detroit Friday visiting customers, acknowledged for […]

By JON CHESTO A major mutual fund industry trade group said yesterday that it set up two task forces to come up with curbs on fund-trading abuses detailed in recent news items. The Investment Company Institute’s task forces were set […]

Monday A fightback by London’s leading shares petered out as investors failed to take heart from an ear y rally in New York. The benchmark FTSE 100 Index fell back into the red, ending the day 14.4 points down at […]

MARKETS have turned choppy and investors need to take care. Some of the huge gains on bombed-out tech stocks, which had run far ahead of any upturn in the companies’ fortunes, are ebbing away. But there are still gains to […]

An interesting statistic emerged this week from a meeting with Philip Gibbs, one of the top fund managers at Jupiter Asset Management, and one of those whose fortunes I follow with particularinterest. A former financial analyst at one of the […]

RUSSIA is the new El Dorado. Oligarch capitalism is giving way to global investment and leaving some very cash-rich people behind. Here in Britain, Roman Abramovich has become a national name overnight because of his high-profile purchase of Chelsea FC. […]

Trio of senior Merrill Lynch brokers fired over trades They’re linked to hedge fund, market timing By LANDON THOMAS JR. AND RIVA D. ATLAS New York Times Saturday, October 4, 2003 Merrill Lynch on Friday fired three senior brokers for […]

NEW YORK (AP) – A former hedge fund broker pleaded guilty to illegal late trading charges as a probe into the mutual fund industry’s practices continues to gain momentum. The plea by ex-Millennium Partners trader Steve Markovitz makes him the […]

THE most frightening economic number to come out this week was tucked away in the revisions to the growth rate produced by the Office for National Statistics. The good news in those figures was that Britain’s growth rate for the […]

<blockquote> At the age of 80, Marion Friedman accused her nephew Grant Seeger of losing much of her $479,000 nest egg in undeveloped land in the Arizona desert, fraudulent oil-and-gaspartnerships and risky Mexican securities. And so Friedman hauled Seeger before […]