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30 May 2005 10:33 AM
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Hedge funds decline dragging equity down:
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Hedge funds has their worst month since September 2002 in April posting a 1.75% drop according to Hennessee Group LLC, a New York consulting company. The firm also believes that the funds were disposing of some assets to mask unprofitable trades. The result was the decline in stock prices as the Dow Jones
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19 May 2005 10:45 AM
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Fidelity slashes options fees following competitors:
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Fidelity Investments has reduced options-trading fees in a move mimicking discount-brokerage firms so as to recapture share of the market in option trading.
The cost of trading an option is divided into a base commission and a separate fee for each option contract. Fidelity
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18 May 2005 03:47 PM
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Pequot Capital seeks new profits in Asia:
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A US hedge fund Pequot Capital Management Inc. that manages more than $6 billion seeks new ways to boost in Asia switching its business away from Europe and US.
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18 May 2005 02:32 PM
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Citigroup’s hedge-fund new service targets higher clients:
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Citigroup Inc. started founding a joint venture with Pacific Alternative Asset Management Co. to provide hedge-fund portfolio management services to its high-profile clients.
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18 May 2005 12:46 PM
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IMF: Argentina may delay payments:
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Argentina expects the International Monetary Fund to allow it to postpone loan payments for the third time since 2001, according to the country’s finance official.
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17 May 2005 08:38 AM
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SEC: be aware of pension consultants:
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Turning to retirement plans consultants who sell investment advice to plan managers may be a wrong step for those following the plans, according to the Securities and Exchange Commission.
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16 May 2005 12:10 PM
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SEC’s probes into retirement-fund consulting failed to reach their goals:
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A government examination of retirement-fund consulting is said to have failed to clear out illegal actions between consulting firms and the money managers they recommend to clients.
Today
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16 May 2005 06:35 AM
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U.S. Congress hesitates who should plug pension deficit:
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By the end of 2004, this government aid went upon pension plans whose liabilities exceeded assets by $23 billion. The Bush administration proposed to make companies with defined-benefit pension plans pay larger premiums
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16 May 2005 06:02 AM
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German regulator looking into hedge funds role in rebellion on Deutsche Boerse:
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The scandal on Deutsche Boerse that led to the ouster of two top executives has triggered a probe by German markets regulator BaFin into whether the investors in the top publicly-traded stock-exchange operator in the world properly acted in countering the stock exchange’s bid for London Stock Exchange PLC or properly behaved
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11 May 2005 04:37 PM
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Fidelity eliminates oversight fee for Freedom funds:
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Fidelity Investments has removed the annual fee of 0.08% of assets it used to charge on the supervision of the Freedom funds’ holdings of other Fidelity funds. The fee was eliminated after Morningstar Inc., a fund researcher, has lashed on the firm for charging investors for what other funds like Vanguard and T. Rowe
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11 May 2005 10:18 AM
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Hong Kong regulator soothes hedge fund rules:
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Hong Kong securities regulator will take steps to encourage soothing hedge fund rules to improve situation in Hong Kong’s listed-hedge-fund industry.
Hong
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10 May 2005 09:51 AM
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Venture capital stream dries up in China on change in offshore investment rules:
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A slowdown is observed in global venture capital funds investment in the Chinese economy after the State Administration of Foreign Exchange issued new regulations hampering international share sales and capital raising by China companies. The notices issued by the state body on Jan. 24 and April 8 stipulate that Chinese citizens need to get approval to invest in an offshore company, which was previously not required. As a result, investment lost one-third from the same period in 2004, ending up at $552.6 million in the first quarter, says the Asian Venture Capital Journal.
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06 May 2005 06:59 AM
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Malaysian pension fund raises foreign holdings:
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Malaysia’s pension fund in an attempt to raise returns investing in higher-yielding assets has a plan to put as much as $1.5 billion in overseas stock and bond markets following the liberalisation of foreign exchange regulations. Employees Provident Fund’s Chief Executive Officer Azlan Zainol said the fund is seeking approval from the government for a $1 billion investment in foreign private equity funds and fixed-income securities.
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25 Apr 2005 01:41 PM
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UAL comes to deal over pensions:
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UAL Corp.’s United Airlines reached an agreement with a federal pension insurer on hand-over of the carrier’s four underfunded pension plans to the government.
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22 Apr 2005 11:48 AM
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Vanguard doubles number of accounts eligible for low-cost Admiral shares:
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Vanguard Group makes a new move in the price-cutting war with Fidelity, lowering the eligibility threshold on its low-cost options of mutual funds, Admiral shares. This decision comes after Fidelity made its latest, much-advertised cuts on most of its index funds permanent in March 2005.
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