Author Archives: the HedgeCo News Team

BRITANNIC is extremely keen to acquire Abbey National Asset Managers – sources familiar with Britannic revealed yesterday – raising hopes that ANAM’s (pounds) 28bn of funds could stay in Glasgow. Abbey National is universally expected to abandon ANAM, either by […]

The board of Hollinger International repeatedly approved deals that benefited Conrad Black, its chairman, and other company executives without independent analysis, opinions on fairness or extensivediscussion of the rationale behind them, according to a lawsuit filed by a major Hollinger […]

US policymakers appear remarkably relaxed about the plunge in the dollar, which dropped to new lows against the pound and the euro yesterday. The reasons for its decline are well-rehearsed. The American economy is in good shape, but low interest […]

More than half of U.S. companies are dumping retirement plan investment options — or are considering doing so — as a result of the mutual fund scandal. Nearly one-quarter of chief financial officers say they jettisoned mutual funds implicated in […]

Stocks likely headed for ‘re-bubble’ in 2004 Mortgage rates are holding just below 6 percent, rising on the extraordinary strength of the purchasing managers’ survey for December, released this morning. If the jobs data next Friday are likewise way above […]

WEST PALM BEACH (HEDGECO.NET)- Citigroup�s underwriting business rose by 25% during 2003, from $4.26 trillion in 2002, to $5.33 trillion in 2003, according to data from Thompson Financial. This isthe third year in a row that Citigroup led other underwriters […]

Defying a tradition that occurs once every four years here, the U.S. Securities and Exchange Commission enters this presidential election year with an ambitious and contentious agenda. Every four years, most federal agencies all but go underground when it comes […]

The U.S. mutual fund industry will mark its 80th birthday in March, but no one is much inclined to celebrate as the $7 trillion business slogs through the worst scandal in its history. Some of the biggest, oldest and proudest […]

A hedge fund manager, back from a visit to Argentina, says he witnessed a Chinese delegation seeking to buy up all of the South American country’s excess production of flour. A run on the global flour market? Well, after a […]

The board of Hollinger International repeatedly approved deals that benefited Conrad Black, its chairman, and other company executives without independent analysis, fairness opinions or extensivediscussion of the rationale for such decisions, according to a lawsuit filed by a major Hollinger […]

NEW YORK–(BUSINESS WIRE)–Jan. 5, 2004–TheStreet.com, Inc. (Nasdaq:TSCM), a leading multimedia provider of financial research, commentary, analysis and news, today announced that its wholly ownedsubsidiary, Independent Research Group LLC (IRG), has commenced in-house execution of equity trades on behalf of its […]

Jan. 5–Last week, I called some of the smartest stock investors I know. Surprisingly, many were still very bullish. Henry Mehlman has turned around the John Hancock Small Cap and Focused Equity Funds since taking them over during the bear […]