Author Archives: the HedgeCo News Team
Investors take their money and run from tainted hedge funds
NEW YORK – Investors fled hedge funds accused of shady trading practices in droves last year as their strategies came under intense scrutiny from regulators, according to a survey. The funds saw $1.8 billion, or nearly half of their total […]
Franklin could be in deeper with SEC
Federal regulators have found that improper market-timing at San Mateo-based Franklin Resources Inc. extended beyond the arrangement with a single Las Vegas broker highlighted this week byMassachusetts authorities, a Securities and Exchange Commission official said Thursday. Franklin, the No. 4 […]
Generator’s shares slip as investor pulls out
BRITISH Energy saw its shares lose a third of their value yesterday after a US hedge fund which investors hoped would fight their corner in the nuclear power generator’s restructuring pulled out ofthe stock. In a statement, British Energy said […]
Hedge fund boost for British Energy
SHARES in British Energy soared by a third yesterday after reports a US hedge fund could mount a legal challenge to the nuclear power generator’s restructuring in an attempt to get a better deal forshareholders. The stock climbed by almost […]
SHARES AND MARKET REPORT: Securicor in demand on talk of predator to challenge Group 4
INVESTORS RUSHED to get their hands on Securicor stock late in the session amid suggestions that a rival bid to the proposed tie- up with Denmark’s Group 4 Falck could be on the way. The buyinginterest pushed Securicor 0.75p higher […]
OUTLOOK: British Energy
THE MORE distance British Energy puts between itself and the financial meltdown which engulfed the company 18 months ago, the more questions are asked about the restructuring imposed on the nucleargenerator by the Government. Just to recap, the rescue package […]
Goldmans helps electrify British Energy price
SHARES IN British Energy surged another 30 per cent yesterday after Goldman Sachs emerged with a 4.5 per cent stake in the beleaguered nuclear generator amid heavy trading. Almost a quarter of the company is thought to have changed hands […]
Puzzling rise in British Energy shares
Shares in British Energy have more than doubled despite assurances from the electricity generator that it had no explanation for the increase. The surge gathered pace after the announcement, leaving the financially- stricken group with a closing price of 10.25p, […]
‘Benefits are not what they’re cracked up to be’
“Save, save, save,” is the message from one North-East finance expert, who warns more of us will be forced to take odd jobs and spend the children’s inheritance as pensioners if we don’t. Nick Straker, at Lycetts Financial Services, independent […]
Investors Pull Plug on Shady Hedge Funds
NEW YORK (AP) – Investors fled hedge funds accused of shady trading practices in droves last year as their strategies came under intense scrutiny from regulators, according to a survey. The funds saw $1.8 billion, or nearly half of their […]
Scottish Power profits up by pounds 6m
ENERGY group Scottish Power, which owns Merseyside electricity supplier Manweb, has lifted third quarter profits by pounds 6m. The company also revealed UK customer numbers had hit 4m for the first time. The Glasgow-based group, which operates power networks as […]
Fund scandal spreads to Franklin’s parent firm
BOSTON (AP) — In the latest legal blow to a major mutual fund company, Massachusetts regulators accused the parent company of Franklin Templeton Investments of fraud Wednesday, alleging the firm leta Las Vegas businessman make $45 million worth of improper […]