RolloverSystems Rolls Out Web-Based Service
By Staff WriterNU Online News Service, Nov. 15, 2004, 6:22 p.m. ESTA Charlotte, N.C., technology company has introduced a system that can improve service for employees ...
November 12, 2004
Skandia Appoints Liberty Ermitage for US$100 Million AccountSTOCKHOLM, Sweden (HedgeWorld.com)--Skandia Liv, the life insurance subsidiary of Skandia, has appointed the Liberty Ermitage Group, Jersey, to run its Japanese long/short equity account. The account will be funded gradually up to US$100 million, according to a statement LEG issued Nov. 11. LEG has been represented in the Nordic region...
November 12, 2004
Drake Builds Asia OperationNEW YORK (HedgeWorld.com)--Fixed-income manager Drake Management LLC has formed a team for Asian clients and developed a web site for Asian investors. Richard Horodeck, a lawyer with expertise in offshore investments by Japanese financial institutions, joined the firm to head the Drake Asian product development and client service group. The...
November 12, 2004
Island in the Funds: Jersey Shows GrowthLONDON (HedgeWorld.com)--The Jersey hedge fund industry has continued to expand, with the number of funds now serviced there rising almost 14%, to 839 funds and subfunds, over the year previous to June. Total net assets represented by those funds rose from $US102.3 billion to $US107 billion, according to Fitzrovia, which...
November 12, 2004
Former Commerzbank Executives Start Hedge Fund BusinessNEW YORK (HedgeWorld.com)--Mark Richardson, global head of derivatives at Commerzbank Securities, has joined Mehmet Dalman, former head of Commerzbank Global Equities, in building a new hedge fund-oriented asset management firm, London-headquartered WMG. Started in October, WMG is conceived as a broad-scope service provider to high-net-worth individuals, private banks and investment...
November 12, 2004
Golden State Medical Quote Site Goes OnlineNU Online News Service, Nov. 12, 2004, 5:01 p.m. ESTInsurance agents in Santa Ana, Calif., have set up a Web-based California health insurance supermarket.[@@]The ...
November 12, 2004
SEC Takes On America's Hedge FundBROOKLYN, N.Y. (HedgeWorld.com)--How could you go wrong with a name like America's Hedge Fund LLC? Easily, it turns out. A U.S. District Court judge in Brooklyn holds a hearing Tuesday [Nov. 9] to consider granting a preliminary injunction against Christian Kuretski, operator of America's Hedge Fund LP, and Worldwide Partners...
November 12, 2004
NAIC Prepares Response To Broker ProbesState insurance commissioners are preparing inquiry letters to brokers and companies to address allegations about bid-rigging and problems with undisclosed broker compensation arrangements.[@@]Commissioners also ...