Daily News; White Plains

Two Hedge Funds Appeal From Enron Final Order

NEW YORK (HedgeWorld.com) - Six appeals have been taken from the U.S. bankruptcy court's order approving Enron Inc.'s reorganization plan, and the list includes one appeal from two hedge fund bondholders, Appaloosa Management LP, Chatham, N.J., and Angelo, Gordon & Co., New York, both debtors of Enron's most important subsidiary, Enron North America Corp. Brian Rosen, of Weil, Gotshal & Manges LLP, New York, counsel for the debtors, said Aug. 6 that of the other five appeals, three co...

Mellon Finishes Purchase of Eacm

BOSTON (HedgeWorld.com) - Mellon Financial Corp. completed its purchase of Evaluation Associates Capital Markets, a Norwalk, Conn.- based manager with US$2.9 billion in hedge funds under management. EACM, with US$4.6 billion in total assets under management, uses a multi-strategy, fund of funds approach in its hedge fund management. Mellon executives expect EACM to help it meet the growing demand for hedge fund products, said Ronald P. O'Hanley, Mellon vice chairman and president of Mellon In...

Citigroup to Offer New Investment Interests in Registered Fund

NEW YORK (HedgeWorld.com) - Citigroup Alternative Investments Multi-Adviser Hedge Fund Portfolios LLC, a fund of funds that was first registered in 2002, filed with the Securities and Exchange Commission to offer two additional series of securities. The proposed maximum offering amount used to calculate the registration fee is US$350 million, but $50 million of this is carried over from interests registered about a year ago, according to the filing.

Capital Inflows Slow As Performance Suffers, Hfr Says

CHICAGO (HedgeWorld.com) - After inflows surpassed records the last four quarters, Hedge Fund Research says that second quarter asset flows slowed to US$7.5 billion from the quarterly average inflows of US$21.2 billion and US$19.6 billion of the last year. Officials at the research firm estimate that hedge fund assets under management have increased slightly to total US$865.9 billion from the US$864.7 billion at the end of the first quarter.

Abria Hires Cfo and Investment Head

TORONTO (HedgeWorld.com) - Dominic Staniscia and Michael Doran have joined Abria Financial Group. Mr. Staniscia was responsible for all investment finance operations at the C$75 billion (US$57 billion) Ontario Teachers' Pension Plan Board for the last seven years. As part of his role at the pension fund, he focused on operational due diligence reviews of external managers including hedge fund managers.

D-Day for Decision On Sale of Powerco Shares

TODAY is D-Day for the future of New Plymouth ratepayers' investment in Powerco. The New Plymouth District Council (NPDC), the Taranaki Electricity Trust (TET) and Powerco Wanganui Trust are understood to be announcing this morning on whether they will sell their combined 53% stake in Powerco and, if so, to whom.

Pair Play Part in Trappings of Marriage

THE bride and groom were nervous, vows and rings were exchanged, but there was no kiss to seal this marriage. Kelly Vincent and Hamish Hardy, who were "just good friends" and shared a hug rather than a kiss at the end of the ceremony, were only pretending to get married.

Muddy Challenge

Lack of Cash Could Stymie Tree Rescue

THE controversial St Mary's oak tree is still a long way from being saved. St Mary's Pro Cathedral property manager Graeme Sanger said only a couple of hundred dollars had so far been raised to ensure the historic oak was not felled.

Beachfront Rubbish Causing Problems

RUBBISH spilling from bins is causing anger among New Plymouth beachfront residents. Rubbish bins provided by the New Plymouth District Council for public use were indequate for the amount of rubbish disposed of by visitors.

Eileen Comes Up Trumps in the Longevity Stakes

NEW PLYMOUTH'S Eileen Egarr can probably lay claim to being the oldest centenarian who still whips allcomers at cards. Mrs Egarr will celebrate her 104th birthday tomorrow.

Rent a Hurdle for First-Time Home Buyers

FIRST-TIME home-buyers in Taranaki are finding it increasingly difficult to make a purchase. High rents are being blamed as the main problem. This was highlighted in a national survey by the Government's Centre for Housing Research.

Old Power Workhorse to Get New Lease On Life

MT TARANAKI is home to the longest-running hydro-electric power generator in the world. It has been working for more than a century and it's about to get a $120,000 spruce-up.

Schools Tackle Problems Early

LOW-DECILE primary and intermediate schools can now apply to become part of the Social Workers in Schools programme which has received praise from some of the Taranaki schools involved. Eleven schools from New Plymouth, Hawera and Waitara have three social workers among them as part of a joint Child, Youth and Family Services (CYFS) and Ministry of Education programme.

[ Pam Darney has Plenty of Experience... ] [No Published Headline]

[ Marching On ] [No Published Headline]

MARCHING ON: Old soldiers march in a parade through central New Plymouth yesterday to mark the fourth annual Taranaki-Wanganui Soldiers' Day. Cold rain failed to put off about 140 people taking part in the parade, which took a route from Robe St, on to Devon St West, along Egmont St and then on to the cenotaph on St Aubyn St.