Author Archives: the HedgeCo News Team

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 […]

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 […]

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 […]

NEW YORK–(BUSINESS WIRE)–Dec. 17, 2003–Putnam Lovell NBF Securities Inc., a leading investment bank to the global financial services community, and NewRiver Inc., a leading expert in financialdata technology, are proud to announce a strategic alliance to provide advice to mutual […]

AN INVESTOR in some of Scottish Widows’ investment funds has been engaging in the questionable trading practice known as market timing, according to industry sources. Pentagon Capital Management, a London-based hedge fund, allegedly engaged in the practice about a year […]

A market rally off the back of the capture of Saddam Hussein proved shortlived yesterday as late selling of tobacco and highly liquid telecoms stocks brought the market back to parity. The FTSE 100 closed just 0.4 points better at […]

Rabin, Murray & Frank LLP Commences Class Action on Behalf of Purchasers of PBHG Family of Funds Against Pilgrim Baxter & Associates, Ltd. — PBDEX, PBMCX, PBSVX, PBFOX. NEW YORK, Dec. 16, 2003 (PRIMEZONE) — A class action lawsuit has […]

Dec. 16–Italian food group Parmalat’s battle for survival could put its UK yogurt chilled desserts operations on the auction block. It has 5 percent of the UK yogurt market. Parmalat’s board held acrisis meeting in Milan last night. Founder and […]

xfdce NIGHTLY-BUSINESS-REPO-00 Show: NIGHTLY BUSINESS REPORT> Date: December 16, 2003> Time: 18:30:00> Tran: 121600cb.118> Type: SHOW> Head: Nightly Business Report> Sect: Business> Byline: Paul Kangas, Jeff Yastine> Guest: Phil Angelides, Edward Zander> Spec: Business; Economy> Time: 00:00:00> PAUL KANGAS, NIGHTLY […]

ARCHIE Norman, the former Asda boss, pictured above, has been hired by investment bank Lazards a senior adviser. Fraud crackdown THE City of London Police are trying to crack down on fraud by increasing the size of their Economic Crimes […]

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 it has expanded its presence […]

NEW YORK (AP) — The dollar weakened against its major rivals Tuesday — sharply so against the British pound — after shrugging off another round of mildly positive U.S. economic data to once againhit new lows. The relentless dollar selling […]