Author Archives: the HedgeCo News Team
Strong price may be up to money manager
Strong price may be up to money manager Weiss owns just 5% of company but runs highly respected funds By KATHLEEN GALLAGHER [email protected], Journal Sentinel Sunday, December 7, 2003 It may look like it’s just Richard S. Strong controlling the […]
The Ideas Exchange: BUSINESS VIEW – Greed, secrecy, scandals and court cases. Is this the new American dream?
Where are Paul Sarbanes and Michael Oxley when you need them? The two sheriffs who rode into the wild west of Wall Street in the wake of the Enron, WorldCom, Qwest, Xerox, GE and other scandals toonumerous to mention, now […]
Jobs and money: A golden opportunity for small investors: As gold reaches an eight year high, the precious metal will from next week be traded on the market like other shares: Patrick Collinson reports
The gold price nudged through the $400 level this week, its highest for eight years, giving the World Gold Council the perfect background to unveil a new fund aimed at encouraging small investors to buy the precious metal. From next […]
Sweet charity: Interview: David Robins, chairman, New Philanthropy Capital
Any City banker discussing their charity work can expect to be greeted with a certain degree of scepticism. David Robins knows this all too well. Just back from Australia and witnessing JonnyWilkinson’s World Cup winning drop goal first-hand, Robins says […]
Market forces: Vedanta pays dear for advice
The flotation of Indian mining group Vedanta Resources was a damp squib at best. The third largest stock market listing this year cost pounds 12m in advisory fees but it was hard to see why they wereworth it yesterday. The […]
Vedanta’s debut proves the pits
THE FIRST Indian company to list on the London stockmarket made a disappointing debut yesterday, with shares in the mining group Vedanta Resources falling 5 per cent below their issue price. Traders blamed the company, headed by the Indian entrepreneur […]
Unit trust chiefs are summoned by the FSA
THE Financial Services Authority is beefing up its inquiry into whether the City has been infected with the abuses that have undermined the US fund management industry. Chief executives of top UK unit trust groups have been summoned to a […]
SEC Files Civil Fraud Complaint against Dallas Investment Adviser
Dec. 5–Mutuals.com Inc., a Dallas investment adviser, helped its clients engage in improper trading with hundreds of mutual funds, the Securities and Exchange Commission alleged in a civil fraudcomplaint filed Thursday. The company helped some of its larger institutional clients […]
Colt Telecom sublets data centre to Google as losses hit E54m
Colt Telecom has sublet its internet data centre in Dublin to the search engine Google in a move that should provide it with a much needed cash injection. The deal, which has not yet been officially announced by either firm, […]
$2 billion pulled from Strong in November
$2 billion pulled from Strong in November Withdrawal rate rises as scandal continues By KATHLEEN GALLAGHER [email protected], Journal Sentinel Friday, December 5, 2003 Mutual fund shareholders pulled nearly $2 billion out of Strong Capital Management Inc. in November, suggesting an […]
Brokers: Trades OK by Pru’s top execs; They say firm almost marketed techniques
Two former Prudential Securities office managers admit that some brokers they oversaw in Boston used market-timing trades to reap profits from mutual funds, but they also claimed in formal responsesto regulatory charges that the trading had been authorized by top […]
Bear Stearns to Hold Conference Call on December 17 to Announce Fiscal Year and Fourth Quarter 2003 Results
NEW YORK–(BUSINESS WIRE)–Dec. 5, 2003–The Bear Stearns Companies Inc. (NYSE: BSC) plans to announce its fiscal year and fourth quarter 2003 financial results on Wednesday, December 17, 2003, in apress release that will be issued prior to the opening of […]