Author Archives: the HedgeCo News Team
St. Louis Post-Dispatch David Nicklaus Column
Nov. 7–When your own money is being misused, you feel like you should do something about it. That’s why, after building up a strong sense of outrage about financial misdeeds at Enron and WorldCom, investors are even more concerned about […]
$136.2 Million Is Pulled from Strong Capital Management in October
Nov. 7–Investors last month pulled $136.2 million out of equity funds managed by Strong Capital Management Inc., one of the companies in the cross hairs of New York Attorney General Eliot Spitzer’sinvestigation of alleged abuse in the mutual fund industry. […]
Man Group’s underlying profits climb 38%
MAN GROUP posted a 38 per cent rise in underlying profits yesterday as funds under management at the blue chip hedge fund rose more than a fifth to $31.5bn in the six months to 30 September. Pre- taxprofits before exceptionals […]
In brief: Hedge funds boost Man
Booming hedge fund sales have helped Man Group post a better than expected 38% rise in core profits for the first half of the financial year. Profits before tax, goodwill, amortisation and exceptionals rose to pounds 190.5m from pounds 138m […]
Denver-based Invesco May Be Next Target in Fund Crackdown
Nov. 7–Denver-based Invesco Funds Group may be next on New York Attorney General Eliot Spitzer’s anvil to be pounded for alleged trading abuses. If the hammer is coming down, the fund group said it hasn’t heard anything, other than from […]
CORRECTING and REPLACING: Law Offices Of Charles J. Piven, P.A. Announces the Filing of a Class Action Suit Against Federated Investors, Inc. And Its Federated Family of Mutual Funds on Behalf of Investors – FEDEX, CAPAX, FCTAX, FMCGX
BALTIMORE, Nov. 7, 2003 (PRIMEZONE) — Law Offices Of Charles J. Piven, P.A. announces that a class action lawsuit has been filed in the United States District Court for the Western District ofPennsylvania on behalf of all purchasers of the […]
Tokyo Stocks Seen Range-Bound Next Week
Tokyo, Nov. 7 (Jiji Press)–Tokyo stocks are likely to move narrowly next week, with investors keeping close tabs on the outcome of Sunday’s general election and the release of key Japanese economicindicators. “The benchmark Nikkei average is expected to move […]
Tokyo Stocks End Higher, Nikkei Logs 1st Rise in 3 Days
Tokyo, Nov. 7 (Jiji Press)–Stocks wiped out their earlier losses and finished higher on the Tokyo Stock Exchange Friday, with the benchmark Nikkei average posting the first rise in three sessions. But the market lacked a clear direction as a […]
Complacency, Leadership Vacuums Hurt Start-Up Companies; New White Paper Uncovers Common Pitfalls Undermining Technology Venture-Backed Boards
SAN FRANCISCO–(BUSINESS WIRE)–Nov. 6, 2003–Board members who are complacent, over-committed or unwilling to confront difficult issues can create major problems for the technology start-upcompanies they are supposed to be governing, a new white paper asserts. The white paper entitled, “After […]
Petrodata wins (pounds) 800,000 funding
PetroData has won (pounds) 800,000 venture capital funding to support an international sales push for the technology it has developed to allow oil and gas firms monitor wells remotely. TheAberdeen-based fledgling will use the funding to beef up its sales […]
Venture capital for automotive SMEs, NATION
xfdws VENTURE-CAPITAL sked Emerging Markets Datafile November 06, 2003 NATION THAILAND ENGLISH Venture capital for automotive SMEs, NATION ASIA WorldSources, Inc. 322 MASSACHUSETTS AVENUE 2ND FLOOR, NE WASHINGTON, DC 20002 COPYRIGHT 2003 BY WORLDSOURCES, INC., A JOINT VENTURE OF FDCH […]
San Jose Mercury News, Calif., Term Sheet Column
Nov. 6–VENTURE CAPITALISTS HOPEFUL OF UPSWING IN BUYING START-UPS: If the buzz about a pickup in corporate spending is true, venture capitalists might soon be able to save their hides. They’ll finally be able to sell some of their start-ups […]