Category Archives: HedgeCo News
PR Newswire National Summary, Thursday, Oct. 2, Midnight to 10 a.m. ET
<body.content> <block> <p>Following is a summary of news releases transmitted between midnight and 10 a.m. by PR Newswire. The full text of these releases is available at the PRNewswire for Journalists, http://media.prnewswire.com/.</p> <p style=”pre” id=”pre1″> NYFNSB0 10/02/2003 05:05 r l […]
Former hedge fund broker pleads guilty to illegal late trading
NEW YORK (AP) — A former broker pleaded guilty Thursday to a felony for illegal late trading of mutual fund shares, part of a broadening investigation touching well-known names in the hedge fundbusiness. Steven B. Markovitz, 41, admitted he and […]
Prudential fires brokers
Prudential fires brokers, managers following inquiry 12 employees in Boston and New York were scrutinized by regulators By HELEN STOCK Bloomberg News Thursday, October 2, 2003 Prudential Securities fired a dozen brokers and managers in its Boston and New York […]
LOU DOBBS TONIGHT; CNNfn – Part 2
xfdce CNNfn-LOU-DOBBS-TONIGHT-01 Show: LOU DOBBS TONIGHT> Date: October 2, 2003> Time: 18:00:00> Tran: 100201cb.l10> Type: SHOW> Head: LOU DOBBS TONIGHT; CNNfn – Part 2> Sect: Business> Byline: Lou Dobbs, Bob Franken, David Ensor, Jamie McIntyre, Suzanne Malveaux, David Grange, Christine […]
Value Improvement Associates Responds to SEC Hedge Fund Report; Independent Study at Odds With SEC Staff’s Major Conclusion
<body.content> <block> <p>NEW YORK, Oct. 2 /PRNewswire/ — The Staff of the Investment Management Division of the Securities and Exchange Commission issued a report on Monday,September 29th 2003 titled “Implications of the Growth of Hedge Funds”. In its Report, the […]
Milberg Weiss Announces The Filing of a Class Action Suit in the Southern District of New York Against Alliance Capital Management Defendants and Canary on behalf of Purchasers of the Securities of the AllianceBernstein Family of Funds
<body.content> <block> <p>NEW YORK, Oct. 2 /PRNewswire/ — The law firm of Milberg Weiss Bershad Hynes & Lerach LLP announces that a class action lawsuit was filed in theSouthern District of New York on October 2, 2003, on behalf of […]
SEC Chairman Outlines Initiatives to Ensure Fair Treatment of Investors
Oct. 1–With inquiries and improprieties engulfing the mutual fund industry, Securities and Exchange Commission Chairman William Donaldson yesterday appeared on Capitol Hill and outlined initiativesdesigned to ensure that investors are treated fairly and kept well informed. The move comes one […]
New York Mutual Fund Manager Suspends Workers for Market Timing
Oct. 1–Mutual fund manager Alliance Capital suspended two employees after discovering conflicts of interest in trading activities. Alliance said a portfolio manager of the Alliance Bernstein Technology Fund and an exec involved in selling the firm’s hedge funds were both […]
FOREIGN INVESTMENT Hedge funds biggest SET players, NATION
xfdws FOREIGN-INVESTMENT sked Emerging Markets Datafile October 01, 2003 NATION THAILAND ENGLISH FOREIGN INVESTMENT: Hedge funds biggest SET players, NATION Siriporn Chanjindamanee ASIA WorldSources, Inc. 322 MASSACHUSETTS AVENUE 2ND FLOOR, NE WASHINGTON, DC 20002 COPYRIGHT 2003 BY WORLDSOURCES, INC., A […]
State Street Rated Top Lender in Isf Magazine’s 2003 Global Equity Finance Survey
LONDON–(BUSINESS WIRE)–Oct. 1, 2003–State Street Corporation (NYSE: STT), the world’s leading specialist in meeting the needs of institutional investors, announced today that it has been rated the”Top Lender (Rated by Borrowers)” in the 2003 Global Equity Finance Survey by International […]
Alliance Capital Suspends Fund Executives
NEW YORK (AP) – An arm of the Alliance family of mutual funds suspended two employees following an internal probe and said it was cooperating with authorities who are investigating shady tradingpractices. The two workers were suspended from Alliance Capital […]
US crackdown continues
The US regulatory crackdown on abuses in the fund industry gathered momentum yesterday as Alliance Capital Management said it suspended two executives after finding evidence of “conflicts ofinterest”. The company said it took action against a portfolio manager of its […]