ACLI Criticizes Foreign Customer Tax Rulings
By Allison BellThe American Council of Life Insurers, Washington, is blasting a pair of Bush administration tax rulings that could increase withholding taxes for U.S. life ...
September 10, 2004
Harris 'Restructures Himself Offshore,' Accounts FrozenCHICAGO (HedgeWorld.com)--The Honorable Blanche M. Manning, of the U.S. district court for the northern district of Illinois, has ordered the assets and accounts of Charles L. Harris, Winnetka, Ill., frozen and prohibited the destruction of the books and records pertaining to his hedge fund, Tradewinds International LLC. Judge Manning acted...
September 10, 2004
Dow Jones, CBN Launch New IndexCHICAGO (HedgeWorld.com)--Dow Jones Indexes and the China Business Network Co. Ltd. have teamed up to launch a new index covering Chinese stocks. The Dow Jones CBN China 600 Index includes 600 A-share stocks of the largest companies on the Shanghai Stock Exchange and the Shenzhen Stock Exchange, according to a...
September 10, 2004
Barclays Introduces Guaranteed Product Based on FTSE Hedge IndexNEW YORK (HedgeWorld.com)--Woolwich Plan Managers, part of London-headquartered Barclays Group and a provider of structured products in the United Kingdom, launched Woolwich Protected FTSE Hedge Plan, a 100% capital-protected vehicle meant to give retail investors access to hedge funds. For a minimum investment of ?3,000 (US$5,377), investors get two-thirds of...
September 10, 2004
There's a Bear in This Election: The Affluent InvestorCHICAGO (HedgeWorld.com)--The Spectrem Group reported that its Spectrem Affluent Investor Index dropped in August to its lowest level since February on concerns about the U.S. presidential election and higher fuel prices. The index measures the bullish or bearish sentiments of U.S. households with US$500,000 or more in investment assets. This...
September 10, 2004
NQLX to Suspend Trading in All Security Futures ProductsNEW YORK (HedgeWorld.com)--NQLX LLC, the single-stock futures exchange that is a wholly owned company of Euronext.liffe, announced that it would suspend trading in all of its security futures products following the expiry of the December 2004 contracts on Dec. 17. NQLX has struggled for some time. In December 2003, it...
September 10, 2004
Arundel Partners Lists Funds, Targets SIPPsLONDON (HedgeWorld.com)--Arundel Partners Ltd. will list shares of two of its funds of funds--the Arundel Premier Fund and the Arundel Fixed Income Fund--on the Irish Stock Exchange. The purpose of the listing, according to Arundel Partners officials, is to make both funds suitable for Self-Invested Personal Pension accounts, or SIPPs....
September 10, 2004
Man Group Stock Bounces Up after Long Downward TrekLONDON (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...