Author Archives: the HedgeCo News Team
Bernstein Liebhard & Lifshitz, LLP Announces Class Action Lawsuit Commenced Against AllianceBernstein Technology Fund, AllianceBernstein Fund, Inc., Alliance Capital Management Holding L.P., Alliance Capital Management L.P., Alliance Capital Manag
A class action lawsuit was commenced in the United States District Court for Southern District of New York on behalf of all persons who purchased or otherwise acquired shares or other ownership units of one or more of the mutual […]
Tokyo Stocks Plunge as Higher Yen Hits Techs
Tokyo, Nov. 19 (Jiji Press)–Stocks plunged on the Tokyo Stock Exchange Wednesday, as export-oriented technology heavyweights were beaten down on the heels of Wall Street stocks’ setback overnightand the yen’s appreciation versus the dollar. Amid dwindling turnover, the key Nikkei […]
BluMont Man Multi-Strategy Notes Close at C$35.8 Million
TORONTO–(BUSINESS WIRE)–Nov. 19, 2003–BluMont Capital Inc. (“BluMont”) (TSXV: BCC) is pleased to announce that its wholly-owned subsidiary, BluMont Capital Corporation, has raised C$35.8 millionwith its third multi-manager/multi-strategy principal guaranteed structured product – the BluMont Man Multi-Strategy Notes (“Multi-Strategy Notes”). The […]
FLYING PELIKON MAY FLOAT ; Niche firm’s turnover could be pounds 100m in five years time
SOUTH WALES high technology company Pelikon is considering a flotation. The company, which specialises in electro luminescence display technology, said a float, on a yet to be determined exchange could be realised in 2005. The Caerphilly-based company, specialises in producing […]
Investors Accuse Woodland Hills, Calif.-Based Health Net of Hiding Finances
Nov. 18–An investor group has sued Health Net Inc. for more than $200 million in damages, alleging the Woodland Hills-based managed care company concealed financial information about its formersubsidiary. The lawsuit, announced Monday, claims that Health Net did not reveal […]
Denver-Based Janus Capital Is Latest Mutual Fund Trader to Lose Its CEO
Nov. 18–Janus International chief executive Richard Garland resigned on Monday, the latest head to roll in a widening probe over mutual-fund trading agreements that hurt small investors. Denver-based Janus Capital Group offered no formal explanation of why Garland left, in […]
Russia’s illness isn’t spreading to its neighbors AROUND THE MARKETS
Apparently, it’s not contagious. In a contrast with 1998, when a financial crisis in Russia spread symptoms through other developing economies, the arrest of Mikhail Khodorkovsky, the head of the oilcompany Yukos, seems to have been quarantined fairly effectively. While […]
Threadneedle Selects Eagle To Underpin Investment Information Services Initiative
BOSTON and LONDON–(BUSINESS WIRE)–Nov. 17, 2003–Eagle Investment Systems Corp. today announced that Threadneedle Asset Management Limited, the third largest investment fund manager in the UK withGBP50 billion ($81 billion) assets under management, has selected Eagle to support its new Investment […]
Individual Investors’ Selling Pulls Down Nikkei Average below 10,000
By Yuka Yamamori Tokyo, Nov. 17 (Jiji Press)–The key Nikkei average plunged below the psychologically important 10,000 line Monday, as individual investors turned to sell in view of a halt in buying by foreign players amid renewed worries over the […]
Nikkei Tumbles below 10,000 on Heavy Selling
Tokyo, Nov. 17 (Jiji Press)–Stocks plunged across the board on the Tokyo Stock Exchange Monday, with the key Nikkei average falling below the psychologically important 10,000 line to close at thelowest level in more than three months. Renewed concern over […]
Tokyo Stocks Tumble in Morning, Nikkei below 10,000
Tokyo, Nov. 17 (Jiji Press)–Stocks skidded lower almost across the board on the Tokyo Stock Exchange Monday morning, with the key Nikkei average falling below the psychologically important 10,000line to hit the lowest level in more than three months. After […]
Mutual Fund Industry Has Betrayed Many People in Small Ways, Experts Say
Nov. 17–Mutual fund market-timing and late-trading scandals won’t wipe out individual investors like the accounting frauds at Enron and WorldCom did. But in a two-year parade of Wall Street misdeeds, the mutual fund industry has betrayed an alarmingly large number […]