Monthly Archives: January 2004
Proof is in the pudding when it comes to lending out stock ; City Trader
WHEN everyone else was bracing themselves for turkey and plum pudding last month, City fund managers were busy borrowing stock they did not own in the hope of pocketing a profit. That is the message from December figures released by […]
Former JP Morgan Manager Starts a New Hedge Fund
WEST PALM BEACH, FL (HEDGECO.NET) – For JP Morgan manager, Jonathan Laredo has teamed up with two other partners, Tim Gledhill and Geoff Smailes to form a new hedge fund, Solent Capital. Laredo wasformer head of structured investments at JP […]
Dion Friedland Resigns as President of Hedge Fund Association
WEST PALM BEACH, FL (HEDGECO.NET) – Dion Friedland, the president of Hedge Fund Association [HFA] is stepping down from that post according to a press release. Friedland was also the founder of theorganization, and had served as the president of […]
Criminal Charges Planned against Former Prudential Securities Broker
Jan. 30–In the first criminal case brought in Boston in the mutual fund trading scandal, US Attorney Michael J. Sullivan has told a former Prudential Securities broker that he plans to bringcriminal charges against him for his role in an […]
Implications of the Dollar Decline on the Global Economy: An Analysis
WEST PALM BEACH, FL (HEDGECO.NET)- The US dollar has been on steep decline against major currencies of the world, particularly the Euro, for quite some time. Some market analysts, worry that thedecline of the dollar may discourage foreign investors from […]
HSBC Republic Investments to Unveil New Fund Products
WEST PALM BEACH, FL (HEDGECO.NET)- HSBC Republic Investments is set to unveil new hedge fund vehicles, the new funds would utilize long/short investment philosophy to accomplish absolute return toinvestors in the fund. The new product is to be launched on […]
Hedge fund in scandal wants case consolidated
The Secaucus hedge fund sued in seven states for its alleged role in the mutual fund trading scandal is scheduled to ask today to have the 61 suits combined and heard in federal court in New York. Canary Capital Partners […]
Canada bank said to face U.S. regulators’ lawsuits
Just weeks after paying a big fine for its financial dealings with Enron, the Canadian Imperial Bank of Commerce faces imminent regulatory action for providing more than $1 billion in financing toinvestors who made illegal mutual fund trades, according to […]
Bush Seeks $18M Budget Increase for Arts
President Bush is proposing a big funding boost to the National Endowment for the Arts, an agency that once was a favorite target of Republicans. The money would go for a new program to giveAmericans an up-close look at their […]
Providence Journal, R.I., Business Briefs Column
Jan. 29–ALLIANCE CUTS COLLEGE-FUND FEES: Alliance Capital Management, which manages Rhode Island’s state-sponsored college savings plan — the CollegeBoundFund — has lowered its fees, according tothe State Investment Commission, which oversees the pension fund. The SIC reported the rate decrease […]
Economic impact from bird flu expected to be minimal, BUSINESS
xfdws ECONOMIC-IMPACT-FROM sked Emerging Markets DatafileJanuary 29, 2004 BUSINESS TIMES MALAYSIA ENGLISH Economic impact from bird flu expected to be minimal, BUSINESS TIMES ASIA WorldSources, Inc. 322 MASSACHUSETTS AVENUE 2ND FLOOR, NE WASHINGTON, DC 20002 COPYRIGHT 2003 BY WORLDSOURCES, INC., […]
RHB Bank sees huge growth potential for treasuries
THE treasury market is set for a busier year in 2004, driven by better economic prospects and speculation over a possible change in the ringgit peg to the US dollar. “The growth potential for treasuries is tremendous this year,” said […]