Author Archives: the HedgeCo News Team
Neovest and Wall Street Source Form Marketing Alliance; 1StopPro to Integrate with Neovest Technology
NEW YORK–(BUSINESS WIRE)–Sept. 30, 2003–Neovest, Inc., a leading provider of technology that improves trading performance, and Wall Street Source (WSS), a leading news and information company,today announced their intent to jointly offer an integrated product. Professional traders, portfolio managers and […]
Canyon Resources Raises $4.15 Million With Stock and Warrant Sale
<body.content> <block> <p>GOLDEN, Colo., Sept. 30 /PRNewswire-FirstCall/ — Canyon Resources Corporation , a Colorado-based mining company, today announced that it has raised$4,153,302 through the sale of 2,307,392 units, at a price of $1.80 per unit, in a Private Placement. Each […]
The Denver Post Business Briefs Column
Sep. 30–APPLIED FILMS SELLS COATED-GLASS BUSINESS: Longmont-based Applied Films Corp. said Monday it has completed the sale of its coated-glass business in Hong Kong to Nippon Sheet Glass for $1.2million plus $130,000 in inventory. NSG is a major Japanese glass […]
Firm Suspends Exectuives Over Trades
NEW YORK (AP) – Regulators examining shady practices in mutual fund trading have asked for information from Alliance Capital Management Holding LP, which suspended two employees Tuesday after aninternal investigation found conflicts of interest in “market timing” transactions. Alliance Capital, […]
Black Diamond Asset Management Launches Second Series of Protected Growth Mutual Funds
FORT LAUDERDALE, Fla.–(BUSINESS WIRE)–Sept. 29, 2003–Black Diamond Asset Management (BDAM) announced today that it has launched the second series of its family of actively managed mutual fundsthat utilizes capital allocation of alternative investments instruments in pursuit of absolute returns with […]
EU-style economy for E. Asia?
As East Asian nations work in earnest for regional trade arrangements, financial co-operation in the area has begun moving quietly onto the agendas of experts, financial technocrats and regionalpoliticians. On their minds is the building of a framework that might […]
SEC May Tighten Oversight of Hedge Funds
WASHINGTON (AP) – The Securities and Exchange Commission will consider tightening oversight of the high-risk, largely unregulated $600 billion hedge fund industry, the head of the agency said Monday. Following an investigation of the industry – which traditionally has offered […]
Web Reporting Made Available in World’s Largest Domicile of Hedge Funds
<body.content> <block> <p>HAUPPAUGE, N.Y., Sept. 29 /PRNewswire/ — CorrectNet, the leading provider of web reporting solutions to asset managers, launched its Cayman data centerthrough Brac Informatics in response to client demands. As stated in the article ‘A New Wave’ in […]
TradeTek Selects TNS to Provide Co-Location Hosting and Network Connectivity
NEEDHAM, Mass.–(BUSINESS WIRE)–Sept. 29, 2003– Extranet Integration Supports Complete Spectrum of TradeTek Service Bureau Offerings in a Secure and Redundant Environment TradeTek, LTD., an independent provider of real time market data and direct access trading technology, announced today an agreement […]
Mutual Fund Investors Urged to Stick to Basics
Sep. 29–CHAMPAIGN, Ill.– Investors choosing mutual funds often look too much at past performance and not enough at fundamentals, a nationally known expert on mutual funds says. Don Phillips, managing director of the Morningstar mutual funds rating service, said that’s […]
Emerson Poynter LLP Announces Shareholder Class Action Against Bank of America Corp. Defendants and Canary on Behalf of Purchasers of Certain Nations Funds — PHBAX, NTBBX, NTBCX, NATAX
HOUSTON, Sept. 29, 2003 (PRIMEZONE) — Emerson Poynter LLP, a securities class action trial law firm, announced today that a class action lawsuit has been filed in United States District Court forthe Northern District of California, case number 03-CV-6957, on […]
SEC will consider tightening oversight of hedge funds, chairman
WASHINGTON (AP) — The Securities and Exchange Commission will consider tightening oversight of the high-risk, largely unregulated $600 billion hedge fund industry, the head of the agency saidMonday. Following an investigation of the industry — which traditionally has offered investments […]