Monthly Archives: January 2004
European shares expected to outperform UK equities
FUND managers across the continent expect European equities to outperform UK shares in the next 12 months, one of the market’s most respected studies will predict today. Mercer Investment Consulting’s annual survey of global fund managers will show that European […]
Maximum Dynamics Announces Strategic Partnership in Mexico
Maximum Dynamics, Inc. (OTC BB: MXDY), a technology solutions company that combines cutting edge technology with its back office and administration services to provide client side support and business process management services, announced today that it has formed a strategic […]
PCS Research Updates Shareholders on Successful 2003
-0- *T — 90% Increase in Data/Research Revenues Expected For 2003. — 85% Decrease in Operating Loss Expected For 2003. — Operating Income Expected to Near Break-Even in Q4 2003. — Over 75 New Institutional Client Accounts Added in 2003. […]
Colt Telecom’s thoroughbred is more than just an old warhorse ; BUSINESS PROFILE After surviving a series of corporate storms last year, what next for the the 58-year-old telecoms chief?
IT HAS been a traumatic 12 months for Steve Akin, the chief executive of Colt Telecom. He has seen hedge fund managers try to liquidate his business and he has been forced to fend off Britain’scorporate governance brigade, who have […]
Chicago Tribune Bill Barnhart Column
Jan. 11–Normally, investment managers like to “talk their book.” They’re great at touting the investments they already own. But the cheerleading among managers of small-cap equity funds is remarkably restrained, considering the banner year the sector enjoyed in 2003. Investors, […]
Argentina under fire over $88bn debt
THE row between the International Monetary Fund (IMF), jilted private bondholders and the Argentine government over the country’s $88bn (Pounds 48bn, E69bn) debt restructuring is escalating. America’s assistant secretary of state, Roger Noriega, warned the Argentine government: “It is important […]
Pennsylvania Retirement System Earns $5 Billion from Investments in 2003
Jan. 10–The Pennsylvania State Employees’ Retirement System said yesterday it earned $5 billion from its investments last year, nearly triple its target. After paying 91,000 retired state workers and government officials $1.6 billion in pensions, the fund’s assets rose to […]
Saturday review: Four wobbles and a frenzy: The Clinton administrations greatest asset was its chief economist, says Richard Adams: In an Uncertain World: Tough Choices from Wall Street to Washington by Robert Rubin and Jacob Weisberg 427pp, Texere, pound
For all its electoral triumphs, the Democrat presidency of Bill Clinton has remarkably little that it can claim as tangible successes. Clinton’s term began with a worthy but energy-sapping attempt toallow homosexuals into the armed forces, and then ran into […]
Strong buyer will have eye on fee income
Strong buyer will have eye on fee income Assets, not employees, called key lure By AVRUM D. LANK and PAUL GORES [email protected], Journal Sentinel Saturday, January 10, 2004 Suitors for Strong Financial Corp.’s mutual fund business are more interested in […]
$1.6 billion more pulled from Strong
$1.6 billion more pulled from Strong Total since Spitzer’s accusations: $4.5 billion By THOMAS CONTENT [email protected], Journal Sentinel Saturday, January 10, 2004 Mutual fund shareholders pulled $1.6 billion from Strong Capital Management Inc.’s funds in December, bringing to $4.5 billion […]
Nikko Cordial and Lawson to Explore Joint Brokerage Operations
WEST PALM BEACH, Florida (HEDGECO.NET) – The President and CEO of Nikko Cordial Corp, Junichi Arimora and Takeshi Niinami, president and CEO of Lawson Inc. have agreed to explore the possibility offorming a comprehensive business alliance including a joint brokerage […]
Probe targets banks’ financing of fund trades
Probe targets banks’ financing of fund trades From Associated Press, Bloomberg News, Los Angeles Times and New York Times reports Friday, January 9, 2004 The New York State attorney general and the Securities and Exchange Commission are investigating whether some […]