Author Archives: the HedgeCo News Team
Pennsylvania Retirement System Earns $5 Billion from Investments in 2003
Jan. 10–The Pennsylvania State Employees’ Retirement System said yesterday it earned $5 billion from its investments last year, nearly triple its target. After paying 91,000 retired state workers and government officials $1.6 billion in pensions, the fund’s assets rose to […]
Nikko Asset Management Teams Up With Tremont to Offer Hedge Funds
Nikko Asset Management Company has joined hands with Tremont Capital to offer new hedge fund products to investors. The new products are aimed at Japanese investors particularly the JapaneseInstitutional investors. Since last month�s announcement of the interest of the Japanese […]
Tough times at Instinet keeping Reuters in check ; Market Report
GLOBAL stock markets may be rising but some traders are still finding the going tough. Overnight in the US, Instinet, the separately-quoted electronic trading arm of Reuters, said it would shed a further 185 jobs, or 15% of its workforce, […]
Tough times at Instinet no help to struggling Reuters ; Market Report
GLOBAL stock markets may be rising but some traders are still finding the going tough. Overnight in the US, Instinet, the separately quoted electronic trading arm of Reuters, said it would shed a further 185 jobs, or 15% of its […]
Dollar Seen Continuing Downtrend Next Week
Tokyo, Jan. 9 (Jiji Press)–The dollar is expected to remain under downward pressure next week, with players keeping a lookout for market interventions by Japan to arrest the yen’s advance. Japanese monetary authorities are widely expected to continue stepping into […]
Probe targets banks’ financing of fund trades
Probe targets banks’ financing of fund trades From Associated Press, Bloomberg News, Los Angeles Times and New York Times reports Friday, January 9, 2004 The New York State attorney general and the Securities and Exchange Commission are investigating whether some […]
INDIAN ECONOMY ON ROCK-N-ROLL MODE: IMPLICATIONS FOR HEDGE FUNDS
WEST PALM BEACH, Florida (HEDGECO.NET) – 2003 ended on a sound note in India as the Indian Stock Exchange in Bombay closed up 1.88 percent at 6,026.59 points. The intra day high was 6034.38 points,about 100 points away from its […]
Yell has something to shout about
Shares in Yell, the UK phone directory publisher, rose some two per cent yesterday after the group’s two private equity investors confirmed they had sold their combined 34 per cent stake. The quicksale removed uncertainty that would have overhung Yell’s […]
Hedge Funds Finish Year with 18.2% Net Gain; Van Global Hedge Fund Index Posts Preliminary December Return of 2.3% Net
The Van Global Hedge Fund Index rose 2.3% net of fees in December and ended 2003 with an 18.2% net gain, according to preliminary results announced today by Van Hedge Fund Advisors International(VAN). The Index reflects the average net return […]
State Street deal threatens Abbey National funds division; Scottish staff may be shed if (pounds) 28bn of assets are outsourced
FEARS are growing that Abbey National will outsource management of its (pounds) 28bn of funds to US giant State Street, thereby axing its investment division in Glasgow and dealing a devast-atingblow to the city’s financ-ial sector ambitions. A tip-off that […]
Marketocracy Technology Plus Fund Ranked No. 2 Technology Sector Fund for 3 Years According to Bloomberg
Fund Out Paces NASDAQ by 30.6 Percentage Points Since Inception(1) Marketocracy Funds(2) today announced that the Technology Plus Fund (Nasdaq:TPFQX), was the #2 ranked technology sector fund for the 3 years ended Dec. 31, 2003, according to Bloomberg(3). As of […]
Duke Energy to Retrench, Rid Itself of Australian, European Assets
Jan. 8–Duke Energy Corp.’s endeavor to be a hypergrowth company is over. The Charlotte company said Wednesday it’s closing or trying to sell power plants in the Southeast, its assets in Australia and Europe, and its U.S. energy trading unit. […]