Monthly Archives: September 2004
Invesco Executives settle the mutual fund/hedge fund fraud charges
NEW YORK, NY (HEDEGECO.NET) – Three former executives of the Invesco Funds Group have settled the allegations brought against them by government regulators following the trading scandals that rockedthe mutual fund industry. The three men charged in the scandals were […]
Greenspan may not convince Lawmakers on hedge fund regulation initiative
WASHINGTON, D.C. (HEDGECO.NET) – The Chairman of the Federal Reserve Bank, Alan Greenspan, has appeared numerous times before the US congressional committees in testimonies over the SEC�s proposalsto regulate the US based hedge funds. So far, such testimonies have not […]
SEC To Force Mutual Funds to stop excessive commission payout
WASHINGTON, D.C. (HEDGECO.NET) – The US Securities and Exchange Commission has ordered mutual fund establishments to stop paying excessive commissions to brokers for promoting the fund products ofthose firms. These are the continuing fallout from the mutual fund/hedge fund trading […]
New Canadian Hedge Fund offers 100% capital guarantee
WEST PALM BEACH, FL (HEDGECO.NET) – A new Canadian hedge fund with a 100% capital guarantee has been launched. According to a press release by Pro-Hedge Funds Inc., the new fund, the GIS Series 1 hasbecome the first hedge fund […]
High demand for hedge funds contributes to depress returns new Australian study says
WEST PALM BEACH, FL (HEDGECO.NET) – A new research conducted by Lonsec Research Group concluded that the high investor demand for hedge fund investment instruments could contribute to depressed hedgefund returns in future. However, the research was optimistic about hedge […]
Hedge Funds are here to stay Research director suggests
WEST PALM BEACH, FL (HEDGECO.NET) – Hedge funds are here to stay according to Stephen van Eyk, the managing director of Van Eyk Research Company. According to him, despite all the discursion andnegative publicity, hedge funds continue to make their […]
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, […]
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 […]
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 […]
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 […]
SEC Moves toward Heightened Oversight of Hedge Funds
Sep. 30–Taking a first step toward heightened oversight of the burgeoning hedge fund industry, federal regulators on Monday suggested advisers be required to provide details about their activities. A report from the staff of the Securities and Exchange Commission urged […]
Buyer of Philadelphia-Area Banks Drives Up Prices of Possible Takeover Targets
Sep. 30–A buyer with deep pockets is paying premium prices for banks in the Philadelphia area — and driving up prices of other potential acquisition targets. The buyer, Citizens Bank, had investors drooling last week over the 35-percent premium it […]