Author Archives: the HedgeCo News Team

HEDGE fund boutique Lansdowne Partners has increased its stake in Regal Petroleum, having already doubled its money in only two months. After the latest purchase, Lansdowne’s shareholding has risento 4.2 million shares, or 4.1%. A big oil find in Greece […]

BOSTON (AP) – Columbia Management, a unit of FleetBoston Financial Corp., has fired a portfolio manager for allowing improper trading in a mutual fund he managed. The company also acknowledged aso-called “sticky asset” arrangement in which investors were given improper […]

EdVest loses Strong accounts in January By PAUL GORES [email protected], Journal Sentinel Friday, February 13, 2004 Investors in Wisconsin’s EdVest college savings program closed 3,166 Strong funds accounts in January, while the number of accounts using non-Strong portfolios increased by […]

Feb. 13–A San Mateo investor sued Franklin Resources in San Francisco federal court, alleging the firm harmed investors by allowing improper trading in one of its funds in 2001. The suit, seeking class-action status, is part of the latest fallout […]

SAN MATEO — A Peninsula lawfirm has filed a class-action lawsuit against Franklin Resources and a number of its entities on behalf of holders of Franklin mutual funds. San Mateo-based Franklin, the nation’s fourth-largest mutual fund company, is being investigated […]

HEDGE fund boutique Lansdowne Partners has increased its stake in Regal Petroleum, having already doubled its money in only two months. After the latest purchase, Lansdowne’s shareholding has risento 4.2 million shares, or 4.1%. A big oil find in Greece […]

COMPANIES WITH strong pension funds will have to pay the same levy into a pension protection scheme as those with weak funds, today’s Pensions Bill will reveal, as reported in The Independent onMonday. The Government will eventually introduce risk-based premiums, […]

Feb. 12–The state banking commissioner has charged a Greenwich hedge fund firm and its partners with defrauding customers. Commissioner John P. Burke accused Criterion Investment Capital LP and its partners of violating a section of the Connecticut Uniform Securities Act, […]

MINISTERS moved to reassure business today over the cost of a fund to protect 10 million workers from the risk of losing their pensions. Work and Pensions Secretary Andrew Smith said payments into the fund would be “risk-related” so that […]

THE Government today announced a new pensions safety net system to ensure people do not lose out if their company and its pension fund go bust. The move was hailed as a “big step forward” by the Cabinet minister responsible, […]

Strong expected to settle soon CEO Wessels also says talks with buyers might wrap up ‘quite shortly’ By DAVE UMHOEFER AND KATHLEEN GALLAGHER [email protected] Thursday, February 12, 2004 Strong Financial Corp.’s new leader said Wednesday he believed the firm would […]

xfdws TRANSFORMATION sked Emerging Markets DatafileFebruary 12, 2004 XINHUA CHINA ENGLISH Transformation for banking, securities industries in 2004: Deloitte, XINHUA ASIA WorldSources, Inc. 322 MASSACHUSETTS AVENUE 2ND FLOOR, NE WASHINGTON, DC 20002 COPYRIGHT 2003 BY WORLDSOURCES, INC., A JOINT VENTURE […]