Author Archives: the HedgeCo News Team
FMG Launches New Hedge Fund
FMG has unveiled its latest hedge fund, the Scandinavian Fund Ltd. The new product is a single-strategy long-short equity fund, seeking to invest in the equity markets of the Scandinavian Countries, comprised of Norway, Sweden, Denmark, and Finland. The fund […]
Fund scandal clips JB Oxford
<blockquote> As the summer heat hit 90 degrees, FBI agents stormed the Beverly Hills, Calif., offices of JB Oxford, a small brokerage that was under investigation for its ties to Irving Kott, aCanadian with a long history of securities fraud […]
Ex-Mutual Fund Exec Sentenced to Prison
A former mutual fund executive was sentenced Wednesday to one to three years in prison after pleading guilty to charges that he hid or destroyed items sought in New York Attorney General EliotSpitzer’s probe of improper mutual fund trading. James […]
Ukrainian privatization chief denies favouring Donetsk group
Ukrainian State Property Fund head Mykhaylo Chechetov has denied favouring the Donetsk business group. Speaking in an interview with a web site, Chechetov said that several major companies had beensold to business groups other then Donetsk despite the fact that […]
Alliance Agrees to $600M SEC Settlement
Alliance Capital Management agreed Thursday to a $600 million settlement, including a 20 percent reduction in its fund fees for the next five years, to resolve federal and state accusations itpermitted improper trading of its mutual funds. An agreement jointly […]
Janus Is in Settlement Talks With Colo.
DENVER (AP) – The Colorado attorney general announced Thursday that he is in settlement talks with Janus Capital Group Inc. over improper mutual fund trading in a scandal that has swept the industry. Attorney General Ken Salazar said he would […]
Value Line Publishing, Inc. Announces the Release of Its Retail Version of the Value Line Investment Analyzer 3.0
NEW YORK–(BUSINESS WIRE)–Dec. 17, 2003–Value Line Publishing, Inc., the most trusted name in unbiased investment research for more than 70 years, has just released the latest version of its ValueLine Investment Analyzer Version 3.0 for retail customers. This easy-to-use software […]
Maximum Dynamics, Inc. Announces First TagNet Contract
COLORADO SPRINGS, CO — (MARKET WIRE) — 12/17/2003 — Maximum Dynamics, Inc. (OTC BB: MXDY), a technology solutions company that combines cutting edge technology with back office and administrationservices to provide client side support and business process management services, announced […]
Maximum Dynamics, Inc. Expands Its Presence
COLORADO SPRINGS, CO — (MARKET WIRE) — 12/16/2003 — 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, […]
Court Nixes Air Canada Creditor Appeal
TORONTO (AP) – A Canadian appeals court refused an Air Canada creditor’s request Wednesday to keep the insolvent airline from accepting a major equity investment from Hong Kong businessman Victor Li. Mizuho International, a hedge fund holding $63 million in […]
AKJ Selects Hotspot FXi Currency Marketplace for ExNet Institutional Trading Platform; Instant FX Trading Capability Available via Global Securities, Derivatives Portal
WATCHUNG, N.J.–(BUSINESS WIRE)–Dec. 17, 2003–Hotspot FXi and AKJensen, Inc. (AKJ) announced today that Hotspot FXi’s institutional foreign exchange marketplace will be available via AKJ ExNet. Thearrangement will enable ExNet customers to execute spot foreign exchange transactions in all major currency […]
Catching Sparx A Japanese manager rides an upswing
Shuhei Abe, president of Sparx Asset Management, has outdone the competition in the severest of environments over the past decade. And as market conditions improve, he argues, his funds will producesparkling performance that will further outpace rivals. We are entering […]