Category Archives: HedgeCo News
Gramercy Advisors Names Marilyn Fee White Managing Director of Client Services and New Business Development
<body.content> <block> <p>NEW YORK, Sept. 4 /PRNewswire/ — Gramercy Advisors LLC, an event-driven distressed debt hedge fund manager based in Greenwich, CT, announced today thatMarilyn Fee White has joined the firm as Managing Director of Client Services and New Business […]
Probe May Bring Out Dirt of Mutual Funds
NEW YORK (AP) – Some investment experts have always believed that illegal trades in mutual fund shares is a serious problem that hurts unsuspecting ordinary investors. And now, because of a probe ledby New York Attorney General Eliot Spitzer, it […]
Savings Bonds Vs. Five-Year Treasury Ladders
Q: Which would be better: purchasing EE Savings Bonds, or creating a five-year Treasury ladder? I will be purchasing either one from an account that isn’t tax-deferred, using Treasury Direct(www.treasurydirect.gov). My understanding is that I can get EE Bonds that […]
New York Attorney General Alleges Mutual Funds Allowed Fraudulent Trades
Sep. 4–State Attorney General Eliot Spitzer accused several investment banks and mutual funds of engaging in fraudulent after-hours tradings that cost small investors billions of dollars. Spitzer said Bank of America, Bank One, Janus Funds and others allowed Edward Stern […]
Hedge Fund to Pay $40 Million Settlement in Alleged Illegal Trading Scheme
Sep. 4–A private hedge fund said yesterday it agreed to pay $40 million as part of a government settlement involving alleged illegal trading schemes, the first step in what state Attorney GeneralEliot Spitzer promised would be a crackdown on “widespread” […]
New York Attorney General Targets Mutual, Hedge Funds
Sep. 4–For years, a large investment firm bent the rules at some of the nation’s most prominent mutual funds, including those offered by Bank One, in an illegal arrangement that authorities say iswidespread and could be costing investors billions of […]
KVS Secures $17 Million in Series B Financing Led By FTVentures and Index Ventures; Funding Based on Record Growth and Accelerating Demand For Email Management and Content Archiving Systems
ARLINGTON, Texas–(BUSINESS WIRE)–Sept. 3, 2003–Content archiving and email management solutions provider, KVS Inc., today announced that it has secured Series B financing of $17 million (GBP 10.63million). The round was led by new investors Index Ventures and FTVentures and joined […]
Investor moves signal belief in economic recovery ; FTSE 250: 5,687.3 (+41.5); FTSE SmallCap: 2,429.5 (+10)
London’s blue-chips marked time yesterday, but there was evidence that investors returning after the holidays were backing an economic recovery. Good volume – 3.5 billion shares changed hands -further gains for the less-defensively weighted mid-cap FTSE 250 and a leader […]
THE INVESTMENT COLUMN: Dobson puts Schroders back on profitable track
MICHAEL DOBSON yesterday put in another pukka performance unravelling Schroders, the fund management business that was not so long ago a the basket case. Indeed, it looks as if the patrician chief executive, who was lured to the company in […]
Lloyds TSB down after Merrill knocks new chief’s strategy
SHARES IN the banking giant Lloyds TSB were in retreat yesterday after a rather downbeat assessment of the group’s prospects by Merrill Lynch. In a review of the sector Merrill downgraded Lloyds to”neutral” from “buy”. The US broker came across […]
Detroit Free Press Susan Tompor Column
Sep. 3–Esperion Therapeutics Inc., an Ann Arbor-based company that’s hoping to roll out some blockbuster treatments for heart disease, finds itself in one of the oddest binds around. An extra-large shareholder will likely need to unload a chunk of Esperion […]
$669,970 Invested in Kentucky Technology Companies
<body.content> <block> <p>LEXINGTON, Ky., Sept. 3 /PRNewswire/ — The Innovation Group of Kentucky Science and Technology Corporation (KSTC), announced today that it has invested$669,970 in Kentucky technology companies.</p> <p>The Innovation Group manages the Commercialization Investment Fund (CIF), a series of […]