Author Archives: the HedgeCo News Team
Regulator Files Complaint Vs. Boston Firm
BOSTON (AP) – State securities regulators have accused a Boston investment firm of failing to supervise two agents who allegedly sold unregistered hedge funds to investors that cost some their lifesavings. According to a civil complaint, James Pangione of Sterling […]
Bank of New York Profit More Than Triples
Bank of New York Co.’s profit more than tripled in the latest quarter, as the improving stock market and an acquisition helped results. The bank Wednesday posted fourth-quarter profit of $307 million, or 40 cents a share, up sharply from […]
Mutual Funds Come to Pakistan
WEST PALM BEACH, FL (HEDGECO.NET) – Hong Kong Asset management company, Crosby Investment Company announced that it intends to establish private equity fund in Pakistan. The statement was releasedafter a meeting between Robert Owen, Chairman of the Crosby Investment company, […]
University Endowments’ Investments Up
BOSTON (AP) – University endowments earned an average of 3 percent on their investments last year, reversing declines seen in 2001 and 2002. When inflation and spending from endowments were taken into account, schools were probably worse off on average […]
More investors plant cash in hedge funds
NEW YORK — The hedge fund industry continues to cash in on the positive buzz it generated by posting positive returns in the three-year stock swoon. After suffering steep losses in stocks and mutual funds in the bear market, investors […]
Maximum Dynamics Announces Expansion of Back Office Services
COLORADO SPRINGS, Colo., Jan. 20, 2004 (PRIMEZONE) — Maximum Dynamics, Inc. (OTCBB:MXDY), a technology solutions company that combines cutting edge technology with its back office and administrationservices to provide client side support and business process management services, released information today […]
BUSINESS PROFILE: Bank One takeover brings back a Wall Street favourite ; Jamie Dimon returns to rival one-time mentor Weill
WHEN WALL Street digested the news last week that JP Morgan Chase was to buy Bank One of Chicago in a $58bn (pounds 32bn) deal, minds went first to the numbers. What was the match like? Where wouldthe synergies come? […]
Invesco moves to allay UK market timing fear
THE UK ARM of Invesco has hired Ernst & Young to carry out a thorough investigation of its business in an attempt to prove it is free of market- timing abuses which have taken place at its USsister. Mike Webb, […]
Iranians cash in on stock market growth
Jim Rogers, the co-founder of Quantum Hedge Fund with George Soros, set off on an overland trip to 116 countries in 1999 to chronicle the world at the turn of the millennium. One country denied him avisa: Iran. “I was […]
Pennsylvania Pension System Moves Money from Stock-Index Fund to Hedge Fund
Jan. 19–Does money grow best in the dark? At a time when securities cops and small investors are demanding more accountability in the financial markets, Pennsylvania’s state pension fund is following some other big institutions in hiring unregulated investment managers […]
Nightly Business Report
xfdce NIGHTLY-BUSINESS-REPO-00 Show: NIGHTLY BUSINESS REPORT> Date: January 19, 2004> Time: 18:30:00> Tran: 011900cb.118> Type: SHOW> Head: Nightly Business Report> Sect: Business> Byline: Paul Kangas, Susie Gharib> Spec: Business; Economy> Time: 00:00:00> PAUL KANGAS, NIGHTLY BUSINESS REPORT ANCHOR: From Wall […]
Trader Talk
TOSCAFUND, the hedge fund run by analyst-turned-private investor Martin Hughes, has increased its holding in construction and engineering services company Amec following last week’s mixed tradingstatement. Hughes has bought 2.9 million shares to give the fund 21.66 million shares or […]