Author Archives: the HedgeCo News Team
HSBC Republic Investments to Unveil New Fund Products
WEST PALM BEACH, FL (HEDGECO.NET)- HSBC Republic Investments is set to unveil new hedge fund vehicles, the new funds would utilize long/short investment philosophy to accomplish absolute return toinvestors in the fund. The new product is to be launched on […]
Implications of the Dollar Decline on the Global Economy: An Analysis
WEST PALM BEACH, FL (HEDGECO.NET)- The US dollar has been on steep decline against major currencies of the world, particularly the Euro, for quite some time. Some market analysts, worry that thedecline of the dollar may discourage foreign investors from […]
Graal Named Best Hedge Fund In Sweden
STOCKHOLM, Sweden, Jan. 28, 2004 (PRIMEZONE) — Invik & Co. AB today announced that Aktie-Ansvar, one of Invik’s subsidiaries, has been awarded the newspaper Privata Affarer’s prize forSweden’s best hedge fund for the year of 2003. The awarded fund, “Graal”, […]
Sagient Research CEO Interviewed on CEOCast; CEO Discusses Company’s Successful 2003 and Outlook for 2004
SAN DIEGO, Jan. 28, 2004 (PRIMEZONE) — Sagient Research Systems (OTCBB:PCSR), a publisher of independent research for the financial services and institutional investment communities, today announcedthat its President & CEO, Brian M. Overstreet, has been interviewed on CEOCast. In the […]
The Essential Questions
What is market timing? Market timing is a form of arbitrage based on the fact that funds can be invested in equities listed on stock markets with different time zones. Unit trusts are priced at 12 noon, and any investor […]
BUSINESS ANALYSIS: Nervy fund managers wait as FSA prepares to act on abuse ; `Rigorous’ interviews carried out by regulator as it investigates market timing
FOR THE past two months, Britain’s 25 largest fund managers have been dreading a knock on the front door. The Financial Services Authority, in many cases giving little more than 24 hours’ notice, hasbeen carrying out what have been described […]
Putnam offers to cut fees it charges
Embattled mutual fund giant Putnam Investments volunteered Tuesday to cut the fees it charges investors, as New York Attorney General Eliot Spitzer defended his attempts to extract fee reductionsfrom fund companies. In testimony before a Senate subcommittee, Spitzer said that […]
SEC Shuts Down Fla. Investment Firm
The Securities and Exchange Commission shut down Tuesday an investment firm it described as a Ponzi scheme and which once had more than a dozen NFL players as clients. In three years, Ware Enterprises and Investments Inc. attracted $16.5 million […]
Swiss attorney accused of bribing Azerbaijani officials ordered
NEW YORK (AP) — A Swiss lawyer charged with conspiring to bribe Azerbaijani officials to push through the privatization of the state oil company can be released on bail over the objections ofprosecutors, a judge ruled Wednesday. Hans Bodmer, 48, […]
Witnesses tell of abuses
Witnesses tell of abuses Whistle-blowers describe ease in finding mutual fund companies interested in executing improper trades By STEPHEN LABATON New York Times Wednesday, January 28, 2004 Washington — Two people who blew the whistle to state prosecutors about corruption […]
Notebook: From pitches and pizzas to Channel 4
Eyebrows raised over choice for chairman In the league of I-kid-you-nots, this really does take some beating: “Ofcom appoints Luke Johnson as chairman of Channel 4.” For those who have never heard of the man, Ofcom informs us that this […]
A disaster waiting to happen? ; City Comment
IN THE current mood, people only seem interested in what is going up, but if you want simply to check on where the next disaster might lurk, take a look at the convertible bond market. Last year convertible bonds accounted […]