Morgan Stanley's Roach: Macro Trends Not Sustainable
By Staff WriterNEW YORK (HedgeWorld.com)-Stephen Roach, Morgan Stanley's chief economist, warned that the out-of-whack world economy sooner or later will move into a correction, in part through the inability of U.S. consumers to maintain current spending levels with their heavy dependence on borrowing. Speaking at a forum organized by Drake Management LLC,...
September 17, 2004
Comment Period Ends: Leaving Something from EverybodyWASHINGTON (HedgeWorld.com)--Despite calls for extension, the Securities and Exchange Commission has let the clock run out on the comment period for its proposed rule requiring most hedge funds to register as investment advisers. A comment from the National Futures Association proposed that any final SEC rule exclude from its coverage...
September 17, 2004
George Schwartz of Schwartz Value FundS&P Rank: 3 Stars Under Wall Street's Radar
September 17, 2004
Pirate Capital Demands Phillips Leave Helm at CornellNORWALK, Conn. (HedgeWorld.com)-Pirate Capital LLC believes that there is value to be unlocked in the for-profit prison administration industry but doesn't believe that the existing board of directors of Cornell Companies Inc., Houston, is up to the job. Cornell held its annual meeting in June, re-electing its board of directors...
September 16, 2004
Gilmour To Head NYL InternationalNU Online News Service, Sept. 16, 2004, 3:00 p.m. EDTNew York Life announced today that Joseph Gilmour will succeed Gary G. Benanav as chief ...
September 16, 2004
DC Plans Complicate The Retirement Picture: EBRINU Online News Service, Sept. 16, 2004, 2:25 p.m. EDTAs the old defined benefit retirement plans give way to defined contribution plans, it has ...
September 16, 2004
HSA Plan for Fed. Workers UnveiledWashingtonThe Bush administration has begun implementing one of the main programs of its health care agenda with the unveiling of an insurance plan for ...
September 16, 2004
Principal Offers Retirement VUL PolicyNU Online News Service, Sept. 16, 2004, 2:45 p.m. EDTThe Principal Financial Group has introduced a new variable universal life product for the retirement ...