Daily News; White Plains

Selective Long/Short Funds Launch in Canada

TORONTO (HedgeWorld.com) - "Selective" fundamental stock picking and measured allocations of long and short positions are the features of three new funds offered by a new Canadian hedge fund manager. The funds offered by Selective Asset Management Inc. center on fundamentals of North American securities and economic trends that determine whether long or short positions should sway future performance.

Get Ready for the Rule: A Special Hedgeworld Report On Sec Registration, with Analysis From 11 Law Firms

Its official name is Section 203(b)(3)-2 of the Investment Advisers Act of 1940, as amended, and amended sections 203(b)(3)-1, 203A-3, 204-2, 205-3, 206(4)-2 and 222-2 of the Investment Advisers Act, and Form ADV - but you can just call it "The New Rule and the Amendments," or just "The Rule." Whatever you call it, if you're in the hedge fund industry, it's part of your life now. And whether you regard it as friend, enemy or distant relative, you're likely to be spending part of the next year...

Sec Charges Lauer with Contempt Over Asset Freeze Order

WEST PALM BEACH, Fla. (HedgeWorld.com) - Ann Vitunac, chief U.S. magistrate judge in the southern district of Florida, ordered Michael Lauer to show cause why he should not be held in contempt of court. The Securities and Exchange Commission requested this order in connection with Mr. Lauer's alleged violations of a preliminary injunction issued by that court in July 2003.

Magic of Music Heralds Christmas

RAIN failed to dampen the enthusiasm of hundreds of people at New Plymouth's Carols by Candlelight last night. The crowd gathered at the Hatchery Lawn, in the city's Pukekura Park, to sing 24 Christmas carols, led by the New Plymouth City Band.

`Underage' Youths Find It All Too Easy to Buy Grog

A NEW ZEALAND first "shoulder- tapping" exercise to see how easy it is for young people to get strangers to buy them alcohol has upset police and surprised researchers. In the joint exercise by Massey University and the Taranaki District Health Board on December 4, two young men were asked to stand in front of two liquor off-licences in Hawera.

Arrest Follows Arson Attacks

A 34-YEAR-OLD man has been arrested after a series of fires deliberately lit on properties around Kawaroa early yesterday. The first fire was started just after 1am when a vehicle was torched inside a shed on Bulkeley Tce, Detective Constable Brent Matuku said.

Chinese Team Starts Work On Kunming Garden Gift

WORK has begun on New Plymouth's own slice of China. A team of eight Chinese craftsmen has arrived in New Plymouth to start creating the Kunming Garden, adjacent to The Gables on Brooklands Park Drive.

Pastor Makes Peace with Family

A DESTINY Church hijack of a young boy's funeral has been finally laid to rest after a public apology. In a public notice in Saturday's Taranaki Daily News Waitara pastor Judah Pratt apologised to the family and friends of Jayden Bond for his actions and the content of the service he gave at Jayden's funeral in October.

Balloons Fly High As Last Bell Tolls

SIXTY-FOUR bright hopes for the future sailing skyward ended 113 years of history as Mangatoki School rang its bell for the last time at the weekend. A large crowd of well-wishers braved a chilly South Taranaki breeze to watch balloons soar aloft in the final farewell to Mangatoki's 64-pupil school on Saturday.

Couple Hurt in Campervan Crash with 4wd

A MAN and a woman from New Plymouth were injured in a head-on collision in the Awakino Gorge on Friday evening. The pair were travelling in a campervan which was in collision with an oncoming four-wheel-drive vehicle on a corner north of the Awakino Tunnel on State Highway 3 just after 6.30pm.

Firefighters Get Festive

FESTIVE GIVING: Firefighters (from left) Dave Greig, Murray Andrews, Rachael Lind and Greg Brien decorate a Christmas tree which will help make the festive season extra-special for dozens of Taranaki youngsters this year. New Plymouth Fire Brigade's Blue Watch crew, continuing an annual tradition, have set up the tree just inside the door of the city's Briscoes store.

Taranaki Central to Research Mission

NAOMI McKEAN is spending her summer holiday among the gravestones, old bridges and crumbling buildings of central and eastern Taranaki. With two years of her Law, history and English degree at Victoria University behind her, she will spend the next two months back in her home province researching the heritage structures of the district for the Stratford District Council.

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