Author Archives: the HedgeCo News Team
Sale just one option for Strong
Sale just one option for Strong Views on divestiture diverge By KATHLEEN GALLAGHER AND DAVE UMHOEFER [email protected] Thursday, December 11, 2003 A Strong Financial Corp. executive left open the possibility that company founder Richard S. Strong might decide not to […]
Prudential Charged With Late Fund Trading
BOSTON (AP) – The Massachusetts secretary of state charged Prudential Securities on Thursday with widespread late trading of mutual funds for its hedge fund customers. Secretary of State William F. Galvin said the scheme violated state and federal laws and […]
AMP warns investors of further UK write-offs
AMP, THE financial services giant, yesterday got the go- ahead from shareholders to hive off its UK arm, but was less than optimistic on the prospects for its float in London this month. Shareholders in the Australian company yesterday voted […]
Bear Growth Capital Partners Invests in Clintrak Pharmaceutical Services
NEW YORK–(BUSINESS WIRE)–Dec. 10, 2003–Bear Growth Capital Partners (BGCP), a private equity affiliate of Bear, Stearns & Co. Inc., announced today that it has sponsored a recapitalization ofClintrak Pharmaceutical Services LLC, a leading provider of clinical trial labeling, packaging, and […]
Com-Guard Inc. Announces Research Report by Michael Norman in the Economic Contrarian Update
CARLSBAD, Calif.–(BUSINESS WIRE)–Dec. 10, 2003– Com-Guard Has the Products and the Experience to Cash in on the Computer Security Boom Com-Guard Inc. (OTCBB:CGUD), the technology company that offers integrated solutions for several computer security markets, announced today that Michael Norman […]
Mutual fund informant steps forward ; Ex-Canary manager helped spark huge probe
For months, the roots of the sprawling investigation that has rocked the nation’s mutual fund industry have been shrouded in mystery. But now, the woman who blew the whistle on Edward J. Stern, launching a wide-ranging probe, has stepped forward. […]
Capco Assists Cargill’s Global Capital Markets in Launching New Asset Management Business
NEW YORK & MINNEAPOLIS–(BUSINESS WIRE)–Dec. 10, 2003–Capco, the global financial services and technology solutions provider, announces the completion of an advisory engagement to assist in thelaunch of Black River Asset Management LLC (Black River), an alternative asset management company recently […]
(EQU.PA) FutureTrade Selects Radianz for Connectivity to Trading Venues and Customers
NEW YORK & LAKE FOREST, Calif.–(BUSINESS WIRE)–Dec. 10, 2003–FutureTrade Technologies LLC and Radianz today announced a multiyear pact that will enable FutureTrade to use Radianz’s marketinfrastructure, RadianzNet, for connectivity to electronic communications networks (ECNs) and to its clients. FutureTrade’s innovative […]
Law Offices Of Charles J. Piven, P.A. Announces the Filing of a Class Action Suit Against Federated Investors, Inc. and its Federated Family of Mutual Funds on Behalf of Investors — FGEIX, WUFAX, FGOAX, FGUAX
BALTIMORE, Dec. 10, 2003 (PRIMEZONE) — Law Offices Of Charles J. Piven, P.A. announces that a class action lawsuit has been filed in the United States District Court for the Western District ofPennsylvania on behalf of all purchasers of the […]
Wednesday’s Commodities Roundup
NEW YORK (AP) – Crude futures prices settled incrementally higher Wednesday on the New York Mercantile Exchange, reflecting gyrations in the natural gas market and concerns of continual draws in U.S.commercial oil supplies. January light, sweet crude futures settled at […]
Putnam discounts to keep biz
Connecticut’s state treasurer said yesterday that she squeezed $225,000 in discounts from Putnam Investments for her state’s pension fund as part of a deal to stay with the Hub money manager as itgrapples with the fallout from civil fraud charges. […]
The Baltimore Sun Jay Hancock Column
Dec. 10–T. ROWE PRICE LIKELY REAPING REWARDS OF HONESTY: Janus Capital, which secretly allowed select investors to rapidly trade in and out of its mutual funds while it publicly claimed todiscourage the practice, saw $2 billion walk out the door […]