Author Archives: the HedgeCo News Team
Evergreen Investments Closed-End Fund Update
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
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- […]
Barron’s article knocks the rust off state manufacturing outlook
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 in surprise profit warning: Embarrassment for London- listed South African finance group just a month after an upbeat trading statement
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 […]
Assure Raises $5.0 Million of Equity Capital
CALGARY, Alberta–(BUSINESS WIRE)–Dec. 22, 2003–Assure Energy, Inc. (“Assure” or the “Company”) (OTCBB:ASUR-News; Frankfurt WKN: 357954, ASL) is pleased to announce that effective December 5, 2003it completed a $5.166 million equity financing by issuing 1,435,000 units at $3.60 per unit. Each […]
2003 market capitalization $5.5 tril. on 9 major bourses+
TOKYO, Dec. 21 (Kyodo) — Combined market capitalization of the world’s nine major stock exchanges in the United States, Europe and Asia has totaled $23.5 trillion so far this year, up $5.5 trillionfrom a year ago, a major Japanese business […]
Notebook: This is a bungle, in anyone’s language: Italian farce has a darker side
In some cases, it does not take much to spot signs of terminal corporate illness. Take Parmalat, the absurd Italian conglomerate. On November 11, after the Italian press had been thrown into a frenzyby news of a mysterious Caribbean investment […]
SHARES AND MARKET REPORT: Broker’s note sees bargain hunters chasing Cable & Wireless
CABLE & WIRELESS had a stonking session yesterday and as the year draws to a close the telecom carrier is pretty much assured to end 2003 as the best blue-chip performer. Cable & Wirelessshares are up nearly 200 per cent […]
Fund Probe Raises Issues for Prosecutors
Word that a federal grand jury in Boston is looking into recent mutual fund scandals highlights the difficult question of just how deeply criminal prosecutors could or should be involved in a matterthat has traditionally been the purview of the […]
SEC’s Carlin Leaving for Private Law Firm
WASHINGTON (AP) – Wayne Carlin, the head of the Securities and Exchange Commission’s northeast regional office in New York, said Friday he will leave the SEC in January to become a partner in the lawfirm of Wachtell, Lipton, Rosen & […]
Business Briefs
RREEF buys 5 Edgewater buildings EDGEWATER – Real estate investment adviser RREEF of San Francisco has purchased the five-building retail component of City Place from its developer, Edgewater Enterprises, for an undisclosed sum. The retail segment of the mixed-use development […]
Prudential Chooses IAM to Deliver Hedge Fund Products to its Customers in Asia
LONDON–(BUSINESS WIRE)–Dec. 19, 2003–Prudential Asset Management in Asia, wholly owned by Prudential plc, has signed an exclusive sales and marketing agreement with International Asset Management(‘IAM’), one of the oldest and largest multi-managers in Europe, to provide fund of hedge funds […]