Author Archives: the HedgeCo News Team
Dollar moves in lower-106 yen level in early Tokyo trading+
TOKYO, Feb. 19 (Kyodo) — The U.S. dollar traded in the lower half of the 106 yen level in early Tokyo trading Thursday after rising above the 107 yen line the previous day in New York for the firsttime in […]
diversiTrust Income Fund Announces Distribution
diversiTrust Income Fund (TSX:DTF), announces a monthly distribution of $0.0771 per unit of the Fund (the “Trust Units”). The distribution will be paid on March 12, 2004, to unitholders of record asof February 27, 2004. This distribution represents an annualized […]
diversiTrust Income+ Fund Begins Trading on the Toronto Stock Exchange
Goodman & Company, Investment Counsel Ltd., the manager of diversiTrust Income+ Fund (“the Fund”) is pleased to announce the closing of the initial public offering of 18,000,000 trust units(“Trust Units”) of the Fund for gross proceeds of $180,000,000 million ($10 […]
BUSINESS In Brief; Specialist deal may be $240M
NEW YORK – The New York Stock Exchange’s five largest “specialist” firms tentatively agreed to pay a total of about $240 million to settle civil charges that they failed to supervise traders whostepped ahead of customer orders on the Big […]
Hedge funds lead way in huge dollar rebound
NEW YORK (AP) — The dollar staged a strong corrective rally against its major rivals in U.S. trading Wednesday from new lows overnight as investors, particularly hedge funds, pared back bets theU.S. currency will sink much further in the immediate […]
Franklin Resources Answers Mass. Charges
NEW YORK (AP) – Mutual fund giant Franklin Resources Inc. says the trading activity at the center of charges recently filed by Massachusetts regulators harmed no one, and the mutual-fund company hasrejected at least $3 billion in assets from “market-timing” […]
Former Morgan Stanley Analyst to Launch a New Hedge Fund
WEST PALM BEACH, FL (HEDGECO.NET) – A former Morgan Stanley analyst, Nam Ki Hong has announced he is launching a new hedge fund; the new fund would have a focus on Asia, particularly Korea. Mr. Hongwas formerly a Korean analyst […]
Former Morgan Stanley Analyst to Launch a New Hedge Fund
WEST PALM BEACH, FL (HEDGECO.NET) – A former Morgan Stanley analyst, Nam Ki Hong has announced he is launching a new hedge fund; the new fund would have a focus on Asia, particularly Korea. Mr. Hongwas formerly a Korean analyst […]
One World Launches Emerging Market Hedge Fund
BOSTON, MA (HEDGECO.NET) – One World Investments has launched a new Hedge fund, the One World Emerging Market Global Macro Fund according to new released statements from the firm. The new strategywould be seeking out suitable emerging market opportunities in […]
Zacks.com Announces That Dan Sullivan Highlights the Following Mutual Funds: Hussman Strategic Growth, Yacktman Focused, and FPA Crescent
Dan Sullivan doesn’t see a major decline in the making, which leaves investors with more opportunity to profit. Capitalize on all the optimism in the market for as long as it lasts through thisexpert’s mutual fund analysis and recommendations. Read […]
MARKET REPORT: Invensys suffers downgrade as broker warns of bleak outlook
MERRILL LYNCH did Invensys no favours yesterday. The broker told shareholders in the engineering group to sell, and it seems as if investors followed the advice as Invensys dropped 0.5p to 25p. Following details of Invensys’ refinancing, Merrill has taken […]
Why customers must come first ; MONDAY VIEW
AN Y B O D Y with an interest in industry, management or the behaviour of the financial services industries cannot have missed the recent debates about corporate governance. There is no doubt that governance is important, as the examples […]