Monthly Archives: January 2004
Black under pressure to give up Hollinger chair
EMBATTLED Press baron Lord Black is facing mounting pressure from members of Hollinger International’s star-studded board to resign as chairman. Black quit as chief executive of the US newspaper group in November after an internal probe revealed that he and […]
Bookies take a pounding as dollar dive threatens to pick up speed ; City Trader
LONDON businessman Nicholas Gentilli has noticed the pound’s surge up to more than $1.80 against the US currency in recent weeks, and is intrigued by it. “My experience is of the exchange rate in the $1.40s, not the $1.80s,” he […]
The Boston Globe Downtown Column
Jan. 7–We honor all kinds of people, and why not? There is no shortage of good work being done. There are Nobel Prizes for those who have done extraordinary work in the sciences, medicine, and economics, and Pulitzer Prizes for […]
The Philadelphia Inquirer Andrew Cassel Column
Jan. 7–Many charming localisms adorn the speech of Philadelphians: “down the shore,” “cheesesteak ‘wit’ ” — ordinary words or phrases that have special meaning when we say them here. And I’ve just discovered a new one. Turns out the words […]
Private equity firms sell pounds 700m Yell stake
APAX PARTNERS and Hicks, Muse, Tate & Furst, the private equity funds, sold their remaining stake in Yell, the Yellow Pages directories group, last night, more than doubling their investment injust over two years. A rapid 90-minute share placing by […]
UK hits dollar danger zone
US policymakers appear remarkably relaxed about the plunge in the dollar, which dropped to new lows against the pound and the euro yesterday. The reasons for its decline are well-rehearsed. The American economy is in good shape, but low interest […]
Black got special deals, lawsuit says
The board of Hollinger International repeatedly approved deals that benefited Conrad Black, its chairman, and other company executives without independent analysis, opinions on fairness or extensivediscussion of the rationale behind them, according to a lawsuit filed by a major Hollinger […]
Britannic puts down marker for Abbey National Asset Managers; Deal with life assurance-to-investments group would keep (pounds) 28bn of funds in Glasgow
BRITANNIC is extremely keen to acquire Abbey National Asset Managers – sources familiar with Britannic revealed yesterday – raising hopes that ANAM’s (pounds) 28bn of funds could stay in Glasgow. Abbey National is universally expected to abandon ANAM, either by […]
Oil price could keep bubbling if dollar stays weak
LONDON: Further falls in the sickly dollar’s value could keep oil prices bubbling this year, spurring fresh moves by hedge funds into commodities markets and reinforcing the OPEC cartel’sdetermination to hold levels firm, analysts said. The dollar-oil relationship emerged as […]
Dollar spikes against yen after touching new 40-month low in Tokyo+
TOKYO, Jan. 6 (Kyodo) — The U.S. dollar spiked against the yen in late Tuesday trading in Tokyo after hitting a new 40-month low here close to the 105 yen range while it plunged to a record lowagainst the euro. […]
Janus, Putnam bear big losses
Just because a mutual fund company has been implicated in the rapidly expanding trading probe doesn’t mean its funds are laggards. The performance of scandal-tainted mutual funds last year was all across the board. Even within many of the fund […]
New CSFB/Tremont DATA for November 2003
WEST PALM BEACH (HEDGECO.NET) -The new CSFB/Tremont hedge fund data shows that hedge funds gained 1.08% for the month of November, 2003. The long/short equity category was the best performer for the month with a gain of 1.70%. Explaining the […]