Author Archives: the HedgeCo News Team
North Carolina Treasurer Orders Review of Pension Business with Alliance
Nov. 13–N.C. Treasurer Richard Moore has ordered a review of the state pension plan’s business with Alliance Capital Management, which faces allegations of improper mutual fund trading. Moore has asked his chief investment adviser to look at whether probes by […]
FIND/SVP Reports Best Quarterly Operating Performance in Nearly Five Years
NEW YORK–(BUSINESS WIRE)–Nov. 13, 2003–FIND/SVP, Inc. (OTCBB:FSVP) THIRD QUARTER HIGHLIGHTS — Reports Six-fold Increase in Operating Income, a Five-fold increase in Net Income, and a 76% Increase in Revenues for the Quarter — Adjusted EBITDA* for Quarter Exceeds All of […]
High-Tech Companies’ Stocks Average Nearly 8 Percent Increase After AeA Classic Financial Conference; During Same Time Period S&P 500 Was Flat
SANTA CLARA, Calif.–(BUSINESS WIRE)–Nov. 13, 2003–High-tech companies attending the AeA Classic Financial Conference last week saw their stock prices rise an average of 8 percent as executives metwith investors November 2-5 at the 33rd annual AeA Classic held in San […]
The iBoxx.CDX Consortium Adds U.S. High Yield Credit Default Swap Index
NEW YORK–(BUSINESS WIRE)–Nov. 13, 2003–Building on the success of its 125-name investment-grade credit default swap index, iBoxx CDX.NA.IG, the iBoxx CDX consortium of eleven leading globaldealers today announced the launch of “iBoxx CDX.NA.HY”, a 100-name tradable index of credit default […]
Milken’s Nextera coming up empty
Investing in the second act of the business drama of Michael Milken, the onetime king of junk bonds, has not been a rewarding experience for everyone. Just ask the shareholders of NexteraEnterprises, a company controlled by Milken and his brother, […]
Maverick on a mission to end scandal of the lost pensions
WHEN we think of pensions policy we tend to visualise dull actuaries in grey suits and bottle glasses poring over columns of figures. These are people who are very good with numbers, but clueless when it came to spotting the […]
Maverick on a mission to end scandal of the lost pensions
WHEN we think of pensions policy we tend to visualise dull actuaries in grey suits and bottle glasses poring over columns of figures. These are people who are very good with numbers, but clueless when it came to spotting the […]
Van Global Hedge Fund Index Posts 2.5% October Net Return; Managers Report Widespread Gains
NASHVILLE, Tenn.–(BUSINESS WIRE)–Nov. 13, 2003–The Van Global Hedge Fund Index rose 2.5% net of fees in October, according to Van Hedge Fund Advisors International (VAN). The Index represents theaverage net return of hedge funds tracked by VAN, with the October […]
Van Global Hedge Fund Index Posts 2.5% October Net Return; Managers Report Widespread Gains
NASHVILLE, Tenn.–(BUSINESS WIRE)–Nov. 13, 2003–The Van Global Hedge Fund Index rose 2.5% net of fees in October, according to Van Hedge Fund Advisors International (VAN). The Index represents theaverage net return of hedge funds tracked by VAN, with the October […]
Denver-Based Money Manager Janus Capital Included in NASD Probe
Nov. 13–The National Association of Securities Dealers has queried Janus Capital Group as part of a larger probe into deals between brokerage firms and mutual funds, the Denver money manager saidWednesday. “We received a request for information from the NASD […]
Denver-Based Money Manager Janus Capital Included in NASD Probe
Nov. 13–The National Association of Securities Dealers has queried Janus Capital Group as part of a larger probe into deals between brokerage firms and mutual funds, the Denver money manager saidWednesday. “We received a request for information from the NASD […]
Tokyo Stocks Sharply Higher in Morning
Tokyo, Nov. 13 (Jiji Press)–Stocks rose sharply on the Tokyo Stock Exchange Thursday morning, with technology stocks leading the way higher tracing the strength of their U.S. counterparts overnight. “Wall Street’s moves and foreign investors’ buying of Tokyo stocks were […]