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 through […]
SEC weighs in on mutual fund reform
SEC weighs in on mutual fund reform Changes would focus on independent directors By KEN MORITSUGU Knight Ridder Newspapers Tuesday, January 13, 2004 Washington — Federal regulators and lawmakers want to reinforce what many industry experts say has been a […]
BISYS Insurance Services Selects Beacon Research to Enhance Website for Producers
Approximately 100,000 Agents, Brokers and BISYS Support Staff to use Web-Based Front-End Application for Fixed Annuity Product Selection EVANSTON, Ill., Jan. 13, 2004 (PRIMEZONE) — Beacon Research announced today that it has been selected to provide a customized front-end application […]
Fund Manager Testifies at Tyco Exec Trial
A hedge fund manager testified Tuesday that Tyco International Ltd.’s former chief executive, L. Dennis Kozlowski, assured in a January 2002 conversation that company’s board had signed off on a $20million investment banking fee for a director. Several directors have […]
Nightly Business Report
xfdce NIGHTLY-BUSINESS-REPO-00 Show: NIGHTLY BUSINESS REPORT> Date: January 13, 2004> Time: 18:30:00> Tran: 011300cb.118> Type: SHOW> Head: Nightly Business Report> Sect: Business> Byline: Paul Kangas, Susie Gharib> Guest: Robert Doll, Louis Uchitelle> Spec: Business; Economy> Time: 00:00:00> PAUL KANGAS, NIGHTLY […]
Livermore Trading System to be Licensed to First Foundation Financial Services, Inc.
NEW ORLEANS, Jan. 13, 2004 (PRIMEZONE) — Stock Market Solutions (OTCBB:SMKT) announces that under an arrangement with First Foundation Financial Services, Inc, a Canadian financial firm, theLivermore Trading System is to be used exclusively in the trading management of a […]
Morgan Stanley guilty of defamation
PARIS: A Paris court yesterday found US financial powerhouse Morgan Stanley guilty of defamation in its investment research, sending shockwaves through the investment banking industry. Following an acrimonious 14-month legal battle, the court upheld allegations by global luxury leader LVMH […]
European Hedge Funds Post Losses Associated With Parmalat Scandal
What does a former meat packing business in Parma have to do with hedge funds one may ask? Why has such relationship facilitated recent hedge fund losses in some European Convertible Arbitrageportfolios? Calisto Tanzi took over the management of a […]
CALpers begins review of Franklin Unit
WEST PALM BEACH, Florida (HEDGECO.NET) – The largest pension scheme in the United States, the California Public Employees Retirement System[CALpers] has started its review process for FranklinResources Inc, whose investment management arm Franklin Advisors oversees CAPpers US$780 million stock fund, […]
Ex-director Tyco board didn’t forgive loans, OK bonuses
NEW YORK (AP) — An ex-director at Tyco International Ltd. testified that the company’s board never approved loan forgiveness and some special cash bonuses to its former top two executives. William Peter Slusser, a Tyco director from 1997 until last […]
Guidant Lands High-Profile Physician for New Chief Medical Officer Position
Jan. 12–Nearly 2 1/2 years after Guidant Corp. decided it wanted a companywide chief medical and technology officer, it landed one with a high profile. Dr. Beverly H. Lorell moved last month into her 28th-floor office at Guidant’s headquarters in […]
Share Tips: Broker tips Morrisons to take on big stores
Sunday Telegraph: Supermarket group Morrisons expects to complete its acquisition of Safeway by March. Broker Numis thinks the move could create a group that can challenge Asda and Sainsbury’s forthe number two slot in the UK. Morrisons should continue to […]