Monthly Archives: January 2004
Unit of Charles Schwab to Launch Equity Core Fund
WEST PALM BEACH, FL (HEDGECO.NET) – Charles Schwab US Trust Company and US Trust Company have announced plans to launch an equity fund. The proposed fund, an equity core fund seeks to provideinvestors in the fund with a total return […]
Hauck & Aufhauser to Team up with IAM to Offer Hedge Funds
The independent German bank Hauck Auftauser has released a statement announcing its intentions to team up with the London based International Asset Management Company [IAM] to offer hedge funds toGerman investors. The hedge fund products would be aimed at both […]
Hedge Fund Manager Devotes Part of its Fees to Charity
WEST PALM BEACH, FL (HEDGECO.NET) – Christopher Hohn has created the first hedge fund devoting some portion of its fees for charitable organization. Hohn was a former fund manager at Perry Capital,where he spent about seven years; he is regarded […]
Maximum Dynamics Announces Another Strategic Partnership in Mexico
COLORADO SPRINGS, Colo., Jan. 15, 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, announced today that it […]
SEC Turns its Attention to Mutual Fund Brokerage Scandals
WEST PALM BEACH, Fl (HEDGECO.NET) – Just when investors think the mutual fund scandals are behind them, a new phase of investigations is initiated. This time the US Securities and Exchange Commission[SEC] is directing its full attention on mutual fund […]
Gemini Investments Strategies Launches New Hedge funds
WEST PALM BEACH, FL (HEDGECO.NET) – The New Jersey based Gemini Investment Strategies has unveiled new hedge funds; according to a new statement released by the firm. The new fund, utilizingconvertible arbitrage strategy requires a minimum investment of $1million. Speaking […]
Gemini Investments Strategies Launches New Hedge funds
WEST PALM BEACH, FL (HEDGECO.NET) – The New Jersey based Gemini Investment Strategies has unveiled new hedge funds; according to a new statement released by the firm. The new fund, utilizingconvertible arbitrage strategy requires a minimum investment of $1million. Speaking […]
SEC Turns its Attention to Mutual Fund Brokerage Scandals
WEST PALM BEACH, FL (HEGECO.NET) – Just when investors think the mutual fund scandals are behind them, a new phase of investigations is initiated. This time the US Securities and Exchange Commission[SEC] is directing its full attention on mutual fund […]
ABN AMRO breaks off brokerage business
AMSTERDAM/LONDON: The Netherlands”biggest bank ABN AMRO said yesterday it had signed an agreement to sell its professional brokerage business in the US to Merrill Lynch for an undisclosed amount. ABN AMRO said on December 31 it was in talks to […]
21st Century’s Investment Bankers Place $250,000 as Part of $2.5 Million Private Placement
21st Century’s Investment Bankers Place $250,000 as Part of $2.5 Million Private Placement Compass Capital Continues to Meet Commitments LAS VEGAS, Jan. 14, 2004 (PRIMEZONE) — Compass Capital Group, a New York-based private investment firm, has placed $250,000 as part […]
BUSINESS in Brief
Transkaryotic sharestumble Transkaryotic Therapy Inc. shares dropped 23.52 percent yesterday, to $13.04, on news that it would abandon efforts to seek U.S. approval of its Fabry disease treatment, Replagal. The Cambridge company would have had to prove that its treatment […]
Investment banks’ future role ; City Comment
IT IS widely believed that American investment banking giant Goldman Sachs gave serious thought to shutting down its equity research department in Britain last year at the time of the row with NewYork Attorney General Elliot Spitzer. It was decided […]