Author Archives: the HedgeCo News Team

PLYMOUTH MEETING, Pa.–(BUSINESS WIRE)–Dec. 24, 2003–Brandywine Realty Trust (NYSE: BDN) today announced that it has signed leases totaling 374,000 square feet in Cira Centre, its planned landmark28-story office tower located adjacent to Amtrak’s 30th Street Station in the University City […]

As the Italian government and the board of Parmalat moved to protect the Italian dairy giant from creditors pending its restructuring, Italian magistrates said Tuesday that they had sketched thebroad outlines of a tangled account-rigging scheme dating back more than […]

Parmalat Finanziaria, the Italian dairy and food giant, engaged in a tangled scheme involving dozens of offshore front companies to invent assets that offset as much as $11 billion in liabilitiesover more than a decade, Italian investigators said Tuesday. The […]

STORAGE firms may be unglamorous but they are attracting the attention of some of the world’s richest men. City financier Guy Hands is in talks to buy specialist storage group Mentmore. The shares jumped 15 1/2p to 100 1/2p, valuing […]

WASHINGTON (AP) – The Securities and Exchange Commission filed civil fraud charges Monday against a Las Vegas man and his brokerage firm for their alleged market timing and late trading in mutualfunds managed by Alliance Capital Management. The SEC said […]

NEW YORK–(BUSINESS WIRE)–Dec. 22, 2003–Citigroup (NYSE:C) today closed its previously announced acquisition of Forum Financial Group. About Citigroup Citigroup (NYSE: C), the preeminent global financial services company with some 200 million customer accounts in more than 100 countries, provides consumers, […]

GLASTONBURY, Conn.–(BUSINESS WIRE)–Dec. 22, 2003–Open Solutions Inc.(R) (NASDAQ: OPEN) a provider of enabling technology for community banks and credit unions including outsourced item capture andcheck imaging technology, announced an expansion of its strategic alliance with BISYS(R), a leading provider of […]

NEW YORK–(BUSINESS WIRE)–Dec. 22, 2003–Janus Capital, one of the first mutual fund companies to be implicated in the mushrooming market-timing scandals, recently issued the results of its internalinvestigation and voluntarily paid $31.5 million to customers in an aggressive attempt at […]

BOSTON–(BUSINESS WIRE)–Dec. 22, 2003–During the month of November, the management teams of Evergreen Managed Income Fund and Evergreen Income Advantage Fund engaged in several transactionsdesigned in an attempt to potentially offer investors some protection against the impact of rising interest […]

Class-action suits piling up against Strong funds Payoff may be small, but some investors think cases could force accountability By PAUL GORES [email protected], Journal Sentinel Monday, December 22, 2003 Peter Kugi isn’t expecting a big financial payoff in his class- […]

GUEST OPINION Barron’s article knocks the rust off state manufacturing outlook By STEPHEN HEINS Monday, December 22, 2003 In an interview, Jeff Gendell, a hedge-fund manager for the $1 billion Tontine Associates, states that the U.S. is about to enter […]

Old Mutual, the South African insurance and banking group listed in London, is about to issue a heavy profits warning in a move that will inevitably revive worries about the fragility of the entirefinancial services sector. The news is likely […]