Monthly Archives: April 2004
Schroder Investments to Buy Fund of Hedge Funds Operations
WEST PALM BEACH, FL (HEDGECO.NET) – Schroder Investments is gearing up to buy a hedge fund of funds unit; such purchase will firmly establish the asset management as the leading alternativeinvestment manager in Britain. According to published reports, Schroder is […]
US Court Sends Fund Manager to Jail, Fines the Other
WEST PALM BEACH, FL (HEDGECO.NET) – A US court has ordered a futures trader to jail, and also fined the second defendant in charges filled by the authorities of the Commodities and ExchangeCommission [CFTC]. According to the Commodities regulator, one […]
US Stock Funds took $30.5 billion for February
WEST PALM BEACH, FL (HEDGECO.NET) – Investors pumped up US stock mutual funds in February, according to estimated data provided by Lipper Inc. Such inflow was however smaller than January inflows.Seasonal factors may have helped to boost the January data […]
Dow Jones & Company Launches Wealth Manager System
WEST PALM BEACH, FL (HEDGECO.NET) – The Dow Jones & Company announced the launching of its �Wealth Manager� solution, an effort to capture some of the action from alternative investments, such ashedge funds. The new product, according to the press […]
Ethics panel OKs official’s business ties
* Michael McMahon, Governor Carcieri’s economic development director, says he wants to leave no possible ethical issue unexamined. * * * PROVIDENCE – At least some of the top state economic development official’s private business dealings do not amount to […]
J.C. Clark Closes Preservation Capital
TORONTO (HedgeWorld.com) – J.C. Clark Ltd., an investment management firm, announced the closing of its flagship long/short equity hedge funds to new investors. Three funds are involved: The Preservation Trust is for Canadian investors; Preservation Capital LP is a Bermuda-based […]
S&P Rates First European Hedge Fund
LONDON (HedgeWorld.com) – Pioneer Global Opportunities plc was the first European hedge fund to receive a rating from Standard & Poor’s and only the third hedge fund overall to be rated by theagency. Managed by Pioneer Alternative Investments, the fixed-income […]
Venture Capital Investing in Raleigh, N.C.-Area Companies Hits Low
Apr. 30–Venture capital investing in Triangle companies fell during the first three months of 2003 to the lowest level in six years, providing a new answer to the question, “How bad is it?” It’s so bad that the $31.8 million […]
Insevo Announces Merger with Taviz Technology; Company’s Suite of Products Simplifies Enterprise Integrations and Migrations
SAN MATEO, Calif.–(BUSINESS WIRE)–April 30, 2003–Taviz Technology, a leading provider of intelligent adapters for enterprise application integration and migration, and Insevo, Inc., the leadingprovider of J2EE Connector Architecture application integration solutions, announced today that they have combined the operations of […]
CarParts Technologies Wins Three New Major Customers in Automotive Aftermarket
SAN JUAN CAPISTRANO, Calif.–(BUSINESS WIRE)–April 30, 2003– Appeal of Integrated Products vs. Single-Point Solutions Elevates Demand for CarParts Technologies’ Software Across Aftermarket CarParts Technologies Inc. (CPT), the leading provider of open, eCommerce and business automation software solutions for the automotive […]
Ofek Capital Corp. -OFCC- Reduces its Current Shares Outstanding by 8.25%
TORONTO–(BUSINESS WIRE)–April 30, 2003–Ofek Capital Corp. (Pink Sheets:OFCC) has cancelled and brought back to the treasury 2,735,000 of their issued and outstanding common shares. The returnrepresents approximately 8.25% of the Company’s capital stock. The Company notes this is a significant […]
Head of Mutual Funds at Fidelity Investments Criticizes Hedge Funds, New Rules
Apr. 30–In a rare public appearance, Abigail Johnson, chief of mutual funds at Fidelity Investments, took aim last night at hedge funds and new regulations aimed at her industry, while urginginvestors to stay in the market for the long term. […]