Monthly Archives: February 2004
Longship Capital Management Launches a Multi-Strategy Fund
WEST PALM BEACH, FL (HEDGECO.NET) – Longship Capital Management has announced the launching of its new hedge fund product, a Multi-Strategy Debt Fund. According to the press release, the fund isaimed at investors seeking to allocate capital to fixed income […]
CFTC to Subpoena Trading Records of Some Hedge Funds
WEST PALM BEACH, FL (HEDGECO.NET) – The Commodities and Futures Trading Commission, [CFTC] has subpoenaed the trading records of some hedge funds, in connection with its new investigations into theskyrocketing of natural gas prices last December. The CFTC is the […]
Has Cullen run out of options?
SO NOW we know what Finance Minister Michael Cullen’s options are to curb the high dollar. Sort of. It has been a long journey to revelation since November 5 when Doctor No told a parliamentary committee that he had unnamed […]
Fund scandal spreads to Franklin’s parent firm
BOSTON (AP) — In the latest legal blow to a major mutual fund company, Massachusetts regulators accused the parent company of Franklin Templeton Investments of fraud Wednesday, alleging the firm leta Las Vegas businessman make $45 million worth of improper […]
Scottish Power profits up by pounds 6m
ENERGY group Scottish Power, which owns Merseyside electricity supplier Manweb, has lifted third quarter profits by pounds 6m. The company also revealed UK customer numbers had hit 4m for the first time. The Glasgow-based group, which operates power networks as […]
Investors Pull Plug on Shady Hedge Funds
NEW YORK (AP) – Investors fled hedge funds accused of shady trading practices in droves last year as their strategies came under intense scrutiny from regulators, according to a survey. The funds saw $1.8 billion, or nearly half of their […]
‘Benefits are not what they’re cracked up to be’
“Save, save, save,” is the message from one North-East finance expert, who warns more of us will be forced to take odd jobs and spend the children’s inheritance as pensioners if we don’t. Nick Straker, at Lycetts Financial Services, independent […]
Puzzling rise in British Energy shares
Shares in British Energy have more than doubled despite assurances from the electricity generator that it had no explanation for the increase. The surge gathered pace after the announcement, leaving the financially- stricken group with a closing price of 10.25p, […]
Goldmans helps electrify British Energy price
SHARES IN British Energy surged another 30 per cent yesterday after Goldman Sachs emerged with a 4.5 per cent stake in the beleaguered nuclear generator amid heavy trading. Almost a quarter of the company is thought to have changed hands […]
OUTLOOK: British Energy
THE MORE distance British Energy puts between itself and the financial meltdown which engulfed the company 18 months ago, the more questions are asked about the restructuring imposed on the nucleargenerator by the Government. Just to recap, the rescue package […]
SHARES AND MARKET REPORT: Securicor in demand on talk of predator to challenge Group 4
INVESTORS RUSHED to get their hands on Securicor stock late in the session amid suggestions that a rival bid to the proposed tie- up with Denmark’s Group 4 Falck could be on the way. The buyinginterest pushed Securicor 0.75p higher […]
Hedge fund boost for British Energy
SHARES in British Energy soared by a third yesterday after reports a US hedge fund could mount a legal challenge to the nuclear power generator’s restructuring in an attempt to get a better deal forshareholders. The stock climbed by almost […]