Author Archives: the HedgeCo News Team

This March share prices throughout the world were plumbing new depths as investors fretted over geopolitical tensions and the risks posed by deflationary forces. In the six months since then, worriesabout deflation seem to have evaporated. There is now a […]

CHICAGO–(BUSINESS WIRE)–Sept. 12, 2003–Zacks.com releases another list of stocks that are currently members of the coveted Zacks #1 Ranked list which has produced an average annual return of+33.6% since 1988 and has gained +13.3% annually since 2000 as the markets […]

SHAREHOLDERS IN United Utilities, the North-west England water and electricity goliath, have until next Wednesday to mull over the group’s unexpected and complicated pounds 1bn rights issue, anddecide whether to fork out for the first tranche of new shares. They […]

TACOMA, Wash.–(BUSINESS WIRE)–Sept. 12, 2003–Frank Russell Company – One-Day Educational Forum Will Address Critical Issues Facing Both Trustees and Staff of Non-Profit Organizations – Agenda Will Focus on Investment and Spending Issues, Governance and Fiduciary Responsibilities, and Philanthropy in the […]

Sep. 12–The W.Va. Investment Management Board took its first step Thursday toward changing the way the state manages about $7 billion of pension and workers’ compensation funds. After hearing a presentation from the group’s investment consultant, board members agreed to […]

[email protected] The W.Va. Investment Management Board took its first step Thursday toward changing the way the state manages about $7 billion of pension and workers’ compensation funds. After hearing a presentation from the group’s investment consultant, board members agreed to […]

Sep. 11–The nation’s mutual fund companies are asking outside sales representatives for assurances that the funds’ bans on market timing are being honored. The Securities and Exchange Commission is raising similar questions of brokerage firms, as the focus of the […]

LAXEY Partners, an Isle of Man-based hedge fund manager, has bought a 12.57% stake in the (pounds) 48m Martin Currie European Investment Trust. The well-known activist shareholder bought a tranche of 3.08 million shares in the trust to give it […]

CHARLOTTE, N.C. (AP) – Bank of America Corp. has apparently begun firing employees suspected of having been involved in improper mutual fund trading which is being investigated by New York stateAttorney General Eliot Spitzer. The Wall Street Journal reported Thursday […]

CAMBRIDGE, Mass.–(BUSINESS WIRE)–Sept. 11, 2003–Artisoft(R), Inc. (NASDAQ: ASFTC), developer of the first software-based phone system, today announced the closing of its financing previouslyannounced on June 30, 2003. In the financing, Artisoft sold an aggregate of 2,627,002 shares of its Series […]

Tokyo, Sept. 11 (Jiji Press)–Stocks tumbled on the Tokyo Stock Exchange Thursday as a broad range of issues were clobbered by sales triggered by U.S. stocks’ fall overnight. “A sharp fall of the Nasdaq composite index provided a good opportunity […]

Shareholders were given further reason not to back Royal & SunAlliance ‘ s pounds 960m rights issue yesterday after Standard & Poor’s said it had cut the credit rating of the troubledinsurance group’s US subsidiary to non-investment grade. S&P said […]