Author Archives: the HedgeCo News Team

RUSSIA is the new El Dorado. Oligarch capitalism is giving way to global investment and leaving some very cash-rich people behind. Here in Britain, Roman Abramovich has become a national name overnight because of his high-profile purchase of Chelsea FC. […]

Trio of senior Merrill Lynch brokers fired over trades They’re linked to hedge fund, market timing By LANDON THOMAS JR. AND RIVA D. ATLAS New York Times Saturday, October 4, 2003 Merrill Lynch on Friday fired three senior brokers for […]

Most mutual fund prospectuses are about as lively as the Manhattan phone directory, and twice as long. Many investors ignore them. Still, it’s the only place you can get the 411 on a fund’s expenses,investment strategy, management and performance. But […]

Oct. 3–The so-called Pirate of Prague has been put on the plank by a Manhattan grand jury. Viktor Kozeny, 39, a colorful Czech investment banker, was indicted yesterday on charges he bilked Columbia University, Goldman Sachs and other investors out […]

Oct. 3–New York State Attorney General Eliot Spitzer yesterday secured his first felony conviction in his expanding probe of illegal and improper mutual fund trading practices. Steven B. Markovitz, a former executive and senior trader with Millennium Partners Lp hedge […]

A fugitive Czech financier has been charged with stealing $182 million from clients of a New York City hedge fund, prosecutors said. Viktor Kozeny stole the money from 15 investment funds managed by Omega Advisors that had agreed to invest […]

FIRMS SELL LOCAL SHOPPING CENTERS Hallmark Partners of Jacksonville and Stiles Corp. of Fort Lauderdale are selling two First Coast shopping centers that they own jointly, Deerwood Lake Commons at Southside Boulevard and Touchton Road and St. Johns Commons at […]

xfdce NIGHTLY-BUSINESS-REPO-00 Show: NIGHTLY BUSINESS REPORT> Date: October 3, 2003> Time: 18:30:00> Tran: 100300cb.118> Type: SHOW> Head: Nightly Business Report> Sect: Business> Byline: Susie Gharib, Jeff Yastine> Guest: Douglas Cliggott> Spec: Business; Economy> Time: 00:00:00> SUSIE GHARIB, NIGHTLY BUSINESS REPORT […]

THE most frightening economic number to come out this week was tucked away in the revisions to the growth rate produced by the Office for National Statistics. The good news in those figures was that Britain’s growth rate for the […]

A FORMER trader at US hedge fund Millennium Partners pleaded guilty to charges related to illegal after-market trading in mutual fund shares. Steve Markovitz, who managed 650m of assets, faces up tofour years in jail and confiscation of any profits. […]

THERE is at least one group of workers who were not belting out the ‘Red Flag’ in Bournemouth. These are the 500 redundant employees of North Devon shipbuilder Appledore, whose company pensions lookin jeopardy. Despite the talk of fairness and […]

Ex-trader pleads guilty to after-hours trading Settlement bars him from working for mutual funds By RIVA D. ATLAS New York Times Friday, October 3, 2003 New York — A former trader at a major hedge fund pleaded guilty Thursday to […]