Author Archives: the HedgeCo News Team
A Wylie move at Sage ; MARKET REPORT
GRAHAM Wylie, founder of software group Sage, did his fellow investors no favours by dumping 5pc of the entire share capital in a single placing through Deutsche Bank. Wylie, whose stake was once valued at more than 1bn, retired in […]
Vanguard to Disclose Fund Expenses
VALLEY FORGE, Pa. (AP) – The Vanguard Group, the country’s second-largest fund manager, Wednesday said it will disclose details about fund operating expenses in its 2003 shareholder reports. The nation’s No. 2 fund manager said it will include a table […]
The Bank of New York to Provide Global Custody Services to AIG Global Investment Group, Inc.
NEW YORK–(BUSINESS WIRE)–Oct. 22, 2003–The Bank of New York announced today that it has been selected by AIG Global Investment Group, Inc. (AIGGIG) to provide global custody services forapproximately $90 billion of assets. “We are pleased that our suite of […]
Bear Stearns Capital Trust III Announces Cash Distribution
New York, New York–(BUSINESS WIRE)–Oct. 22, 2003–Bear Stearns Capital Trust III, a special purpose trust controlled by The Bear Stearns Companies Inc. (NYSE: BSC), today announced its regularquarterly cash distribution on its outstanding shares of 7.8% Trust Issued Preferred Securities. […]
Blue-chip stocks edge ahead on solid trading volumes ; FTSE 250: 5,823.7 (+11.2) ; FTSE SmallCap:2,513.3 (+7.4)
London blue chips closed marginally higher yesterday as another foray above the key resistance level of 4,370 failed to hold. The FTSE 100 closed 0.1 per cent higher at 4,352.3 with the mid- cap FTSE 250 0.2 per cent firmer […]
Chairman upbeat on outlook for Elan
Elan’s product pipeline looks more promising than ever and it is hopeful the US regulator’s investigation of its accounting practices will shortly come to a close, chairman Dr Garo Armen toldshareholders yesterday. Speaking at the company’s delayed annual general meeting […]
Adam Cooper of Citadel Investment Group Elected Chairman of Managed Funds Association
WASHINGTON–(BUSINESS WIRE)–Oct. 21, 2003–Adam Cooper, Senior Managing Director and General Counsel of Citadel Investment Group, was elected Chairman of Managed Funds Association (MFA). Mr. Coopersucceeds Samuel S. Weiser, founder of Foxdale Management LLC, as Chairman, according to John G. Gaine, […]
For U.S. universities, alternative investments are paying off INTERNATIONAL EDUCATION
Universities are struggling to make ends meet, just as everyone else is. In fact, the lingering economic malaise has been a triple whammy for them especially for American institutions, which relymore on private financing sources than those of other countries. […]
Election 2003 – PIERCE COUNTY: GIG HARBOR CITY COUNCIL, POSITION 6
NANCY PICINICH Age: 55 Occupation: Second-grade teacher, Peninsula Schools Education: Master’s degree Civic experience: Peninsula Lutheran Church choir and Sunday Bible school teacher; Gig Harbor-Peninsula Get Acquainted Picnic; sponsor and teacher for Japanese students; past secretary and representative of the […]
city insider
Insider Big wheel rolls in for Marks Hands off Green’s baby Past masters at a clash Rocco heated over the Grill Finsbury in a spin? FORMER Merrill Lynch Europe boss Michael Marks has scored another coup at his fast-growing but […]
RenaissanceRe Reports Net Income of $1.59 Per Common Share for 2003 Third Quarter Compared to $1.26 Per Common Share for 2002 Third Quarter
PEMBROKE, Bermuda–(BUSINESS WIRE)–Oct. 21, 2003–RenaissanceRe Holdings Ltd. (NYSE: RNR): — Operating EPS of $1.57 per Common Share for 2003 Third Quarter Compared to $1.11 for 2002 Third Quarter — Continued Growth in Individual Risk Premiums – Ahead of Previous Expectations […]
Man overboard
Man Group provided some much needed entertainment for bored City traders late yesterday as its shares charged to the top of the FTSE 100 leaderboard on talk of a bid approach from American investmentbank Merrill Lynch. Shares in the hedge […]