Man Group Stock Bounces Up after Long Downward Trek
By Staff WriterLONDON (HedgeWorld.com)--Man Group plc* stock has gained around 10% in the past month or so, possibly reversing the losing trend that became apparent since April of this year. Man shares rode up in 2003, together with other financial companies, reaching more than 1,850 pence (US$32.80) in April 2004. From then...
September 10, 2004
Renaissance Favors Selectively Extending SEC's Financial Statement DeadlineNEW YORK (HedgeWorld.com)--Multibillion-dollar hedge fund firm Renaissance Technologies Corp. officially joined the ranks of those criticizing one particular aspect of the Securities and Exchange Commission proposal to require that hedge fund managers register as investment advisers. In a Sept. 7 letter to the SEC, Renaissance Vice President Mark Silber wrote...
September 10, 2004
Colonial Quantifies Training Program ResultsNew worksite salespeople who get formal sales training sell far more products than those who don't.[@@]Colonial Supplemental Insurance Company, Columbus, S.C., has come to ...
September 10, 2004
ACLI Wants Centralized Military Insurance SupervisionThe American Council of Life Insurers, Washington, is recommending that a centralized command regulate sales of all financial services on military bases.[@@]"The notion of ...
September 10, 2004
Invesco Reaches US$451 Million Market-Timing SettlementDENVER (HedgeWorld.com)--In what may be one of the last of the super-size settlements tied to the mutual fund market-timing/late-trading scandal, AMVESCAP plc's Invesco Funds Group Inc. and AIM Advisors Inc. mutual fund arms agreed Tuesday to a US$451 million settlement of market-timing charges. Those civil charges were brought against Invesco...
September 10, 2004
Invesco Employees Settle with SECDENVER (HedgeWorld.com)--Three former Invesco Funds Group Inc. employees have settled Securities and Exchange Commission charges they helped outside investors conduct extensive market timing in Invesco mutual funds. Timothy J. Miller, former chief investment officer and a portfolio manager; Thomas A. Kolbe, former national sales manager; and Michael D. Legoski, former...
September 10, 2004
Matthews Asian Technology FundMark Headley, manager since inception in December 1999 S&P Rank: 4 Stars Broad Diversity, With A Caveat
September 09, 2004
Benefit Informatics Signs Illinois ClientNU Online News Service, Sept. 9, 2004, 4:18 p.m. EDTBenefit Administrative Systems L.L.C., Homewood, Ill., has agreed to buy benefit plan services and technology ...