Monthly Archives: January 2004
Falling dollar prompts action abroad
WASHINGTON — Japan and Canada moved Tuesday to halt the appreciation of their currencies in relation to the dollar, actions that suggest worldwide concern is growing about the dollar’s fall. The moves came a day after European officials publicly expressed […]
Maximum Dynamics Announces Expansion of Back Office Services
COLORADO SPRINGS, Colo., Jan. 20, 2004 (PRIMEZONE) — Maximum Dynamics, Inc. (OTCBB:MXDY), a technology solutions company that combines cutting edge technology with its back office and administrationservices to provide client side support and business process management services, released information today […]
More investors plant cash in hedge funds
NEW YORK — The hedge fund industry continues to cash in on the positive buzz it generated by posting positive returns in the three-year stock swoon. After suffering steep losses in stocks and mutual funds in the bear market, investors […]
University Endowments’ Investments Up
BOSTON (AP) – University endowments earned an average of 3 percent on their investments last year, reversing declines seen in 2001 and 2002. When inflation and spending from endowments were taken into account, schools were probably worse off on average […]
Merrill Lynch Purchases ABN AMRO Brokerage Unit
WEST PALM BEACH, FL (HEDGECO.NET) – Merrill Lynch & Co has agreed to purchase ABN AMRO US Brokerage unit for an undisclosed amount. The new purchase includes four ABN AMRO business units, all theunits are connected to US stock and […]
Trader Talk
TOSCAFUND, the hedge fund run by analyst-turned-private investor Martin Hughes, has increased its holding in construction and engineering services company Amec following last week’s mixed tradingstatement. Hughes has bought 2.9 million shares to give the fund 21.66 million shares or […]
Nightly Business Report
xfdce NIGHTLY-BUSINESS-REPO-00 Show: NIGHTLY BUSINESS REPORT> Date: January 19, 2004> Time: 18:30:00> Tran: 011900cb.118> Type: SHOW> Head: Nightly Business Report> Sect: Business> Byline: Paul Kangas, Susie Gharib> Spec: Business; Economy> Time: 00:00:00> PAUL KANGAS, NIGHTLY BUSINESS REPORT ANCHOR: From Wall […]
Pennsylvania Pension System Moves Money from Stock-Index Fund to Hedge Fund
Jan. 19–Does money grow best in the dark? At a time when securities cops and small investors are demanding more accountability in the financial markets, Pennsylvania’s state pension fund is following some other big institutions in hiring unregulated investment managers […]
Iranians cash in on stock market growth
Jim Rogers, the co-founder of Quantum Hedge Fund with George Soros, set off on an overland trip to 116 countries in 1999 to chronicle the world at the turn of the millennium. One country denied him avisa: Iran. “I was […]
Invesco moves to allay UK market timing fear
THE UK ARM of Invesco has hired Ernst & Young to carry out a thorough investigation of its business in an attempt to prove it is free of market- timing abuses which have taken place at its USsister. Mike Webb, […]
BUSINESS PROFILE: Bank One takeover brings back a Wall Street favourite ; Jamie Dimon returns to rival one-time mentor Weill
WHEN WALL Street digested the news last week that JP Morgan Chase was to buy Bank One of Chicago in a $58bn (pounds 32bn) deal, minds went first to the numbers. What was the match like? Where wouldthe synergies come? […]
Following the Money Trail: Increasing Numbers of Traditional Investment Managers Move Over to Hedge Fund Management: An Analysis
WEST PALM BEACH, FL (HEDGECO.NET) – During the decade of the nineties, assets managed by hedge fund industry in the United States experienced an exponential growth; assets grew from about US$40billion in late eighties to over US$650 billion in 2003. […]