Author Archives: the HedgeCo News Team
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 […]
Idaho board fires Strong
Idaho board fires Strong Endowment fund fears investors may bail By KATHLEEN GALLAGHER [email protected], Journal Sentinel Thursday, November 13, 2003 The Idaho Endowment Fund Investment Board said Wednesday it has fired Strong Capital Management Inc. as one of its investment […]
Maximum Dynamics, Inc. Acquires Maseco Denmark A/S
COLORADO SPRINGS, CO — (MARKET WIRE) — 11/12/2003 — Maximum Dynamics, Inc. (OTC BB: MXDY), a financial services company that supports the financial community with back office fund administrationand client side support, announced today that it has signed an agreement […]
Shares: Hedge funds sell Dixons on rumour of imminent downgrade
HEAVY HEDGE fund selling left Dixons rooted to the top of the FTSE 100’s fallers list yesterday. According to market gossip a downgrade by a major broker is on the cards before the end of the weekand a select number […]
City investors surge into hedge funds
PENSION FUNDS and institutional investors have dramatically increased their holdings in hedge funds in the past two years, according to a report by Goldman Sachs and Russell Investment. Allocationsto hedge funds more than doubled in Europe and Japan. The biennial […]
Mutual Fund Shareholders to Get More Info
NEW YORK (AP) – Mutual fund shareholders are poised to become richer – at least when it comes to information. Though it took some time for regulators to come around, it appears investors will finally be getting more frequent disclosure […]
Investigators Probe High Trading Volume at Wisconsin-Based Strong Funds
Nov. 12–As state and federal investigators look into alleged improper trading at Strong Capital Management, data from mutual fund tracker Lipper raises new questions about two of the firm’s funds. According to Lipper, investors have cycled millions of dollars in […]
Nikkei Ends Modestly Higher Backed by Telecoms
Tokyo, Nov. 12 (Jiji Press)–The key Nikkei average ended a tad higher on the Tokyo Stock Exchange Wednesday supported by brisk purchases of telecom issues, but the broad market showed a mixedperformance. The benchmark Nikkei average rebounded in the morning […]
Securities dealers group seeks information from Janus in improper
DENVER (AP) — Janus Capital Group Inc., already under scrutiny by state and federal regulators for improper mutual fund trading, said Wednesday it also has been asked to submit information to theNational Association of Securities Dealers as part of a […]
First Traders to Enhance Electronic Delivery of Options Trading Software with Move to Equinix Chicago Data Center
FOSTER CITY, Calif.–(BUSINESS WIRE)–Nov. 12, 2003– Aggregation of Financial Services and Networking Companies in Chicago Internet Hub Enable Streamlined and Cost-Effective Connectivity Equinix, Inc. (Nasdaq:EQIX), the leading provider of network-neutral data centers and Internet exchange services, today announced that First […]
NASD Asks Janus for Info in Trading Probe
DENVER (AP) – Janus Capital Group Inc., already under scrutiny by state and federal regulators for improper mutual fund trading, said Wednesday it also has been asked to submit information to theNational Association of Securities Dealers as part of a […]