Author Archives: the HedgeCo News Team
Markets Shrug Off Monday Collapse, THE MOSCOW TIMES
xfdws MARKETS-SHRUG sked Emerging Markets DatafileOctober 29, 2003 THE MOSCOW TIMES RUSSIA ENGLISH Markets Shrug Off Monday Collapse, THE MOSCOW TIMES Alex Fak RUSSIA WorldSources, Inc. 322 MASSACHUSETTS AVENUE 2ND FLOOR, NE WASHINGTON, DC 20002 COPYRIGHT 2003 BY WORLDSOURCES, INC., […]
Third man pleads guilty in Connecticut millionaire’s abduction
STAMFORD, Connecticut (AP) — A third man has pleaded guilty in the kidnapping of one of America’s wealthiest men. Lorenzo Jones, 18, of New Haven, pleaded guilty Tuesday to first-degree kidnapping with a firearm and first-degree robbery in the Jan. […]
AP: Authorities Probe Strong Chairman
NEW YORK (AP) – The chairman of Strong Financial Corp. is under scrutiny as part of an investigation into improper trading at the company, a source familiar with the matter said Wednesday. New York Attorney General Eliot Spitzer is investigating […]
Putnam accused of fraud
BOSTON – State and federal regulators accused Putnam Investments and two of its former investment officers of fraud Tuesday, the first formal allegations of wrongdoing by a mutual fund company inwhat is rapidly becoming a major scandal for a once […]
Wachovia Brokerage Chief Steps Down
Oct. 29–The chief of Wachovia Securities’ brokerage group stepped down yesterday, amid regulatory inquiries into his role in the market-timing scandal at Prudential Securities, which merged withWachovia in July. Michael J. Rice, 37, well known on Wall Street for running […]
Ex-Lipper Executive Strafaci Indicted
A former executive of Lipper Holdings was indicted Wednesday on charges that he caused the values of two hedge funds to be overstated by hundreds of millions of dollars. Edward Strafaci was accused of making the Lipper funds appear far […]
Growing Probe May Hurt Fund Firm Profits
NEW YORK (AP) – Many mutual fund firms are enjoying strong quarterly earnings, thanks to growing investor optimism and a rebounding economy. But a widening regulators’ probe into shady tradingpractices threatens to cut into fund firms’ profits. Massachusetts and federal […]
Guide To Municipal Elections ; Upper Saddle River
POLITICAL MAKEUP: MAYOR: Democrat COUNCIL: Six Republicans AT STAKE: Four-year mayoral term and two three-year council terms. THE CANDIDATES: MAYOR/REPUBLICAN Kenneth Gabbert, of Parker Place, business administrator, councilman since 1995, chairman of the Upper Saddle River Centennial Committee, member of […]
Bank of Bermuda makes HSBC Britain’s biggest business
HSBC yesterday spent $1.3bn (pounds 800m) buying Bank of Bermuda in a deal that boosts its presence in offshore banking for wealthy individuals. Continuing this week’s flurry of takeovers and mergers, HSBC will pay for the Bermuda bank in cash […]
Former Lipper Executive Indicted
NEW YORK (AP) – A former executive of Lipper Holdings was indicted Wednesday on charges he caused the values of two hedge funds to be overstated by hundreds of millions of dollars. Investors were told their money in Lipper was […]
Funds chief leaving in wake of scandal
Bank of America’s top mutual fund executive, Richard DeMartini, will leave its scandal-tarred money management unit once the Charlotte, N.C., bank buys FleetBoston Financial Corp., bank officialssaid yesterday. DeMartini, tied to the market-timing and late-trading scandal with the Canary hedge […]
Emerson Poynter LLP Announces Class Action Against Alliance Capital Management Defendants and Canary on Behalf of Purchasers of the Securities of the AllianceBernstein Family of Funds — AGRFZ, ABASX, APGAX, ABVAX
HOUSTON, Oct. 28, 2003 (PRIMEZONE) — A class action lawsuit has been filed in United States District Court for the Southern District of New York, case number 03-CV-8466, on behalf of all persons orentities who purchased or otherwise acquired AllianceBernstein […]