Rating Agency: Avoid Depending On 1 Broker-Dealer
By Staff WriterNU Online News Service, Oct. 18, 2004, 3:03 p.m. EDTMoody's Investors Service, New York, has listed concentration of annuity distribution as a possible insurance ...
October 18, 2004
Site Helps Workers Analyze Coverage OptionsNU Online News Service, Oct. 18, 2004, 3:19 p.m. EDTCIGNA HealthCare, Bloomfield, Conn., has set up a Web site to help workers compare its ...
October 18, 2004
Irish Software Firm Brings In Conseco VeteranNU Online News Service, Oct. 18, 2004, 3:09 p.m. EDTAllfinanz Inc., Dublin, Ireland, has hired Michael Scunziano to be vice president of sales for ...
October 18, 2004
Firm To Acquire ING U.S. Individual Life Re UnitJim ConnollyScottish Re Group Ltd. will acquire the U.S. individual life reinsurance business of ING Re.[@@]The transaction includes ING's transfer of $800 million in ...
October 18, 2004
Spectrem Sees Millionaires Enter Neutral Territory from Bull ZoneCHICAGO (HedgeWorld.com)--The Spectrem Group reported its Spectrem Millionaire Index fell to neutral in September, after seven consecutive months in mildly bullish terrain. The SMI measures the investment outlook of households with investable assets of US$1 million or more via 250 10-minute phone conversations each month. In response to an open-ended...
October 18, 2004
Building a Strong Portfolio Twelve Ways: Funds Pick Up Interstate Bakeries' CrumbsKANSAS CITY, Mo. (HedgeWorld.com)--Interstate Bakeries Corp., a company that filed for Chapter 11 protection from its creditors Sept. 22, is receiving unusual attention from hedge funds--unusual in that, although "vulture funds" often buy the secured or priority instruments of bankrupt firms, these funds are making the more speculative move of...
October 18, 2004
Fat-Tailed Butterflies Invade the Finance Faculty LoungeBook Review Mandelbrot, Benoit and Hudson, Richard L. "The (mis)Behavior of Markets: A Fractal View of Risk, Ruin, and Reward," New York: Perseus Books Group, 2004, pp. 328, Cloth. US$27.50. Most literate humans have by now heard of "chaos theory." There has even been a Hollywood movie, "the Butterfly Effect,"...
October 18, 2004
J.P. Morgan Report Sees Erosion in Some Hedge Fund Segments, Opportunities in OthersLONDON (HedgeWorld.com)--A report that describes 2004 as "almost a perfect storm hitting alpha" for active hedge fund investors, with a number of factors coalescing to dampen returns, finds that while hedge funds offer ample opportunities for profit in many areas, some of the commonly used strategies are eroding the very...