Author Archives: the HedgeCo News Team
Danger in public-sector waste
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 […]
Ex-trader guilty in US fund trial ; News in brief
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. […]
Staring into a pension abyss Alex Brummer
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
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 […]
NYSE ‘must keep policing powers’
The interim chairman of the New York stock exchange yesterday vowed to oppose any efforts to strip the institution of its regulatory powers. Following his first formal meeting with the board of the exchange, John Reed said retaining the regulatory […]
Value Improvement Associates Responds to SEC Hedge Fund Report; Independent Study at Odds With SEC Staff’s Major Conclusion
<body.content> <block> <p>NEW YORK, Oct. 2 /PRNewswire/ — The Staff of the Investment Management Division of the Securities and Exchange Commission issued a report on Monday,September 29th 2003 titled “Implications of the Growth of Hedge Funds”. In its Report, the […]
Milberg Weiss Announces The Filing of a Class Action Suit in the Southern District of New York Against Alliance Capital Management Defendants and Canary on behalf of Purchasers of the Securities of the AllianceBernstein Family of Funds
<body.content> <block> <p>NEW YORK, Oct. 2 /PRNewswire/ — The law firm of Milberg Weiss Bershad Hynes & Lerach LLP announces that a class action lawsuit was filed in theSouthern District of New York on October 2, 2003, on behalf of […]
PR Newswire National Summary, Thursday, Oct. 2, Midnight to 10 a.m. ET
<body.content> <block> <p>Following is a summary of news releases transmitted between midnight and 10 a.m. by PR Newswire. The full text of these releases is available at the PRNewswire for Journalists, http://media.prnewswire.com/.</p> <p style=”pre” id=”pre1″> NYFNSB0 10/02/2003 05:05 r l […]
Former hedge fund broker pleads guilty to illegal late trading
NEW YORK (AP) — A former broker pleaded guilty Thursday to a felony for illegal late trading of mutual fund shares, part of a broadening investigation touching well-known names in the hedge fundbusiness. Steven B. Markovitz, 41, admitted he and […]
Prudential fires brokers
Prudential fires brokers, managers following inquiry 12 employees in Boston and New York were scrutinized by regulators By HELEN STOCK Bloomberg News Thursday, October 2, 2003 Prudential Securities fired a dozen brokers and managers in its Boston and New York […]
LOU DOBBS TONIGHT; CNNfn – Part 2
xfdce CNNfn-LOU-DOBBS-TONIGHT-01 Show: LOU DOBBS TONIGHT> Date: October 2, 2003> Time: 18:00:00> Tran: 100201cb.l10> Type: SHOW> Head: LOU DOBBS TONIGHT; CNNfn – Part 2> Sect: Business> Byline: Lou Dobbs, Bob Franken, David Ensor, Jamie McIntyre, Suzanne Malveaux, David Grange, Christine […]
Barrack Rodos & Bacine Announces the Filing of a Class Action Suit Against Bank of America/Nations Funds Defendants and Canary Defendants on Behalf of Purchasers of the Securities of the Nations Funds Family of Funds
<body.content> <block> <p>PHILADELPHIA, Oct. 1 /PRNewswire/ — Counsel for Class Plaintiffs, Barrack, Rodos & Bacine, today issued the following:</p> <p>A classaction has been commenced in the United States District Court for the Southern District of New York on behalf of […]