Author Archives: the HedgeCo News Team
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 […]
Alliance Capital fires 2 executives over funds
Alliance Capital Management has requested the resignations of two senior executives because they failed to prevent improper trading in its mutual funds. The two executives John Carifa, president and chief operating officer of Alliance, and Michael Laughlin, chairman of its […]
Central Florida Brokerage Acknowledges After-Hours Trading by Employees
Nov. 11–A Central Florida securities brokerage has become one of the first stock firms in the country to acknowledge that some of its employees were involved in after-hours trading of mutual funds,an illegal practice at the heart of a nationwide […]
Chairman of Wisconsin-Based Strong Capital Seeks Consideration amid Scandal
Nov. 11–In his first interview since the New York attorney general in early September raised questions about improper trading at his firm, Richard S. Strong told Fortune magazine he is through”grieving” over the problems he and his investment company face. […]
Amvescap denies it is Spitzer target
AMVESCAP ATTEMPTED to shore up its reputation yesterday by issuing a denial that Eliot Spitzer, New York’s high-profile investigator of Wall Street murky practices, had threatened legal proceedingsagainst the giant Anglo-American fund manager. The company’s statement that it had “received […]
ZAP CEO Says Electric Cars Bridge Gap to Hydrogen Infrastructure on WallSt.net
SANTA ROSA, Calif., Nov 11, 2003 /PRNewswire via COMTEX/ — Battery-powered cars are available today and can help drive the world towards a hydrogen fuel economy, says Steve Schneider, CEO for ZAP(OTC Bulletin Board: ZAPZ), during an interview scheduled to […]
Worries mount over future of Abbey funds unit
FEARS are mounting over the future of Abbey National Asset Managers, the (pounds) 28bn funds operation in Glasgow, and Abbey yesterday provided a less-than-reassuring response to a rumour that thedivision could be axed by Christmas. Asked about a claim made […]
Goldman Sachs and Russell Publish Sixth Global Report on Alternative Investing by Institutions
LONDON & NEW YORK–(BUSINESS WIRE)–Nov. 11, 2003–Russell Investment Group: — Commitment to private equity and real estate remains high among institutions worldwide as they increase strategic allocations and commitments to hedge funds — Comprehensive study tracks 11 years of institutional […]
UBS Reports Third Quarter Net Profit of $1,267 Million(1)
UBS (NYSE: UBS) reports net profit of CHF 1,673 million ($1,267 million) for third quarter 2003. Excluding goodwill amortization, net profit was CHF 1,911 million ($1,448 million), up 53% from a year earlier and 2% higher than second quarter. “It […]
Hearts miss a beat as the bears move in for Astra ; MARKET REPORT
MARAUDING bears sank their teeth into AstraZeneca prompting a hefty fall of 92p to 2675p. They sold ahead of today’s American Heart Association conference in Orlando, Florida, at which the drugs giant will release an update on cholesterol-buster Crestor and […]
UBS Reports Third Quarter Net Profit of $1,267 Million(1)
NEW YORK, NY — (MARKET WIRE) — 11/11/2003 — UBS (NYSE: UBS) reports net profit of CHF 1,673 million ($1,267 million) for third quarter 2003. Excluding goodwill amortization, net profit was CHF1,911 million ($1,448 million), up 53% from a year […]