Author Archives: the HedgeCo News Team
Topical Tips
Q: I have a With Profits Investment Bond that I took out with NPI in 1995. Although it produced good growth in the early years its value has reduced substantially of late and I understand returns inthe future are likely […]
The City View Brokers’ Reports
MMO2 The mobile group spun off from BT, which owns O2 in the UK, is a favourite of SG Securities, which was telling its clients to buy shares again this week. Growth in Germany should bring economies of scale, SG […]
New York Attorney General Brings in Political Contributions from Top Donors
Dec. 12–On most days, hedge fund managers, Wall Street lawyers, builders and cable industry execs wouldn’t want to be caught in the same room with New York’s hard-driving Attorney General EliotSpitzer. That wasn’t the case yesterday when a slew of […]
Prudential Securities Accused of Fraud
Dec. 12–Massachusetts on Thursday charged Prudential Securities with improper mutual fund trading and demanded the company, now part of Wachovia Corp., pay restitution to investors. Prudential failed to supervise brokers and branch managers in its Boston office and “knowingly furthered […]
The Boston Globe Downtown Column
Dec. 12–What will Harvard President Larry Summers say about paying the nonprofit university’s top money managers as much as $40 million for their good work last year? More than most, Summers should appreciate Harvard Management Co.’s pay-for-performance compensation system, which […]
Bank warns of instability from house price falls
A SUDDEN drop in house prices and slump in consumer spending poses the greatest threat to the UK economy and stability of its banking system, the Bank of England warned yesterday. In its twice-yearly review of the risk to financial […]
Mass. Regulator Charges Prudential
BOSTON (AP) – Massachusetts’ top financial regulator is accusing Prudential Securities Inc. of late trading for lucrative hedge fund customers, calling the charges part of a pattern in which smallerinvestors were placed at a disadvantage. Secretary of State William F. […]
Invik appoints new Managing Director of MPK
STOCKHOLM, Sweden, Dec. 12, 2003 (PRIMEZONE) — Invik & Co. AB today announced the appointment of Per Molin as Managing Director of its MPK asset management business. Per Molin is currentlyHead of Nordea’s Discretionary Asset Management operations in Luxembourg and […]
Prudential unit faces accusations
Massachusetts Secretary of State William Galvin accused Prudential Securities Thursday of widespread late trading of mutual funds on behalf of its hedge fund customers. Galvin said that over the past 2 1/2 years, Prudential brokers in Boston allowed more than […]
Manufacturing upturn hope as order books bulge
Fresh evidence of an upturn in the manufacturing sector emerged yesterday, after a survey found export order books at their fullest for almost three years. Output is also expected to grow for the first time in a year, the CBI […]
Stability grows in world finance
THE financial systems of the world in general, and Britain in particular, have become more stable over the past six months as the world economy has improved, the Bank of England said yesterday. However, the bank cautioned in its twice-yearly […]
Forking out for Dallaglio dinner ; City Insider
IT may not be up there with the half a bar recently forked out by billionaire Philip Green for a little-known rugger player’s shirt, but the thirsty City boys attending Lawrence Dallaglio’s benefitdinner this week were waving their wads. Top […]