Author Archives: the HedgeCo News Team
Industry Elite to Discuss Insurance-Based Hedge Fund Investing Trends on December 8th in New York City
<body.content> <block> <p>NEW YORK, Nov. 25 /PRNewswire/ — With hedge funds gaining popularity, many traditional financial services firms have embraced their potential and haveattempted to incorporate them into their product offerings. Insurance firms have led the way by merging the […]
Dublin bucks European trend as shares close unchanged ; Settlement Day: November 27th
The Dublin market was again the poor relation of the European exchanges yesterday, with Irish shares closing more or less unchanged as other markets posted gains of more than 1 per cent. First Active was one of the busiest domestic […]
Possibility of investigation pushes First Active lower
Shares in First Active dropped well below the price offered by Royal Bank of Scotland (RBS) in its takeover bid yesterday after it emerged that the transaction could be referred to the CompetitionAuthority. RBS has the right to walk away […]
Spitzer Files Charges in Mutual Fund Case
Three former top executives at Security Trust Co. were charged Tuesday with acting as middlemen for hedge funds in an illegal mutual funds late-trading scheme that cost investors $1 million. Those charged with felonies by New York Attorney General Eliot […]
Spitzer Files Charges in Mutual Fund Case
Criminal charges were filed Tuesday against three former top executives at Security Trust Co. for allegedly acting as middlemen for hedge funds in an illegal late-trading scheme that cost investors$1 million. Those charged with felonies by New York Attorney General […]
PFG Announces ‘CTA Challenge 2003’ Winners
<body.content> <block> <p>CHICAGO, Nov. 25 /PRNewswire/ — Peregrine Financial Group, Inc. (PFG), in cooperation with Trader Source, Inc. (TSI), today announced Villano Capital andArthur Aschauer as the winners of the “CTA Challenge 2003.” Trading firm Villano Capital receives a $1 […]
Bank of Bermuda to Open an Office in San Francisco
<body.content> <block> <p>NEW YORK, Nov. 25 /PRNewswire-FirstCall/ — Bank of Bermuda , today announces that its Global Fund Services division is expanding its global network ofoffices by opening an office in San Francisco. Global Fund Services (San Francisco) Limited, a […]
Spitzer files criminal charges in mutual fund investigation
ALBANY, New York (AP) — The first criminal charges in the mutual fund scandal were filed Tuesday by New York’s attorney general, accusing three former top executives at Security Trust Co. with“pervasive misconduct” in a late-trading scheme that cost investors […]
Ask Jeeves — CEO, CNNfn
xfdce CNNfn-MARKET-CALL-08 Show: MARKET CALL> Date: November 25, 2003> Time: 09:00:00> Tran: 112508cb.l05> Type: INTERVIEW> Head: Ask Jeeves — CEO, CNNfn> Sect: Business> Byline: Rhonda Schaffler, Douglas Lane> Guest: Steve Berkowitz> Spec: Business; Internet Services; ASKJ (Nasdaq); SIC: 7379> Time: […]
N.Y. Charges Three in Mutual Fund Probe
NEW YORK (AP) – Three former top executives at Security Trust Co. were charged Tuesday with acting as middlemen in an illegal trading scheme that cost investors $1 million, and authorities orderedthe company to shut down. Those charged with felonies […]
BlueCrest hedge fund pair in 105m deal with Man
TWO London dealers who quit JP Morgan three years ago to set up their own hedge fund business clinched a deal today which values their firm at 420 million, writes Patrick Hosking. Mike Platt and Bill Reeves have sold 25% […]
Amvescap arm facing twin fines in US funds probe
FUND manager Amvescap has confirmed it is facing punishment in connection with the mutual fund scandal sweeping across the US, writes Patrick Hosking. London-listed Amvescap, best known in Britain for its Perpetual and Invesco brands, faces fines from the Securities […]