Author Archives: the HedgeCo News Team
Air Canada Buying 90 Regional Jetliners
MONTREAL (AP) – Air Canada is splitting a 90-plane order for new regional jet airliners between Montreal-based Bombardier and its Brazilian archrival, Embraer. Air Canada said Friday it has reached agreements in principle to buy 45 Bombardier regional jets and […]
Janus to Pay $31.5 Million for Gains
Janus Capital Group Inc. said Friday it will pay back $31.5 million gained from previously-disclosed market timing in its mutual funds, the short-term trading arrangements that have led toinvestigations by state and federal regulators. Janus said it has not determined […]
Putnam Lovell NBF, Derivatives Portfolio Management LLC Build Strategic Partnership
NEW YORK–(BUSINESS WIRE)–Dec. 19, 2003–Putnam Lovell NBF Securities Inc., a leading investment bank to the global financial services community, and Derivatives Portfolio Management, LLC (DPM), oneof the world’s largest independent fund administrators specializing in alternative investments including hedge funds, are […]
Maximum Dynamics, Inc. Announces Another Appointment to Its Advisory Board
Maximum Dynamics, Inc. (OTC BB: MXDY), a technology solutions company that combines cutting edge technology with its back office and administration services to provide client side support and business process management services, announced today that Andile Mbeki accepted an invitation […]
Janus to restore $31.5 million in market timing gains
DENVER (AP) — Janus Capital Group Inc. said Friday it will pay back $31.5 million gained from questionable mutual fund trading arrangements that have led to investigations by state and federalregulators. Janus said it had not determined whether the money […]
Janus to Pay $31.5 Million for Gains
DENVER (AP) – Janus Capital Group Inc. said Friday it will pay back $31.5 million gained from previously-disclosed market timing in its mutual funds, the short-term trading arrangements that have ledto investigations by state and federal regulators. Janus said it […]
Janus to Restore $31.5M Market Gains
Janus Capital Group Inc. said Friday it will pay back $31.5 million gained from improper trading as part of moves intended to restore investor confidence and placate regulators investigating themutual fund company. The Denver-based company also announced tighter controls on […]
Maximum Dynamics, Inc. Announces Another Appointment to Its Advisory Board
COLORADO SPRINGS, CO — (MARKET WIRE) — 12/19/2003 — Maximum Dynamics, Inc. (OTC BB: MXDY), a technology solutions company that combines cutting edge technology with its back office andadministration services to provide client side support and business process management services, […]
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 […]
Instinet Appoints New Heads For International and U.S. Divisions
NEW YORK–(BUSINESS WIRE)–Dec. 19, 2003–Instinet Group Incorporated (Nasdaq: INGP) announced today that Natan Tiefenbrun, currently serving as co-head of Instinet, the Institutional Broker, will bepromoted to President of the International Division of Instinet. In addition, Mike Plunkett, also currently serving […]