Daily News; White Plains

Japan's Small Companies Offer Both Pain and Gain

NEW YORK (HedgeWorld.com) - Bargain hunting in Japan has been good for Dalton Investments' James Rosenwald, whose Japanese Management Buyout Fund is up 78% since its inception in April 2003. But while he has profited from the initial stakes he takes in companies, which typically represent an interest of around 5%, he has not been able to achieve the buyouts indicated by the name of the fund.

Greenwich Report: Asia's Fixed-Income Markets Ready for Tougher Clime

GREENWICH, Conn. (HedgeWorld.com) - A new report from Greenwich Associates Inc. analyzes the fixed-income investment market in Asia and describes it as growing both in volume and in sophistication. Institutional investors in Asia have capitalized on low interest rates over the last five years.

Msci Index Adds 11 Funds

LONDON (HedgeWorld.com) - MSCI is adding more hedge funds to its investable index following a quarterly review, with the resulting small shifts in strategy distribution taking effect immediately. The MSCI Hedge Invest Index will grow to 120 from 109 hedge funds, each of which offer weekly liquidity, an MSCI requirement for index inclusion. The underlying strategy target weightings show little change overall, with slightly higher allocations made to long bias, arbitrage, specialist credit ex i...

Horizon Promotes Two Senior Executives

CHICAGO (HedgeWorld.com) - Margaret White and Randal Burgess have been elevated to principals at Horizon Cash Management, a US$2.2 billion cash and risk management firm serving alternative investment portfolios. Having joined Horizon in 1998, Ms. White is a senior accountant in charge of the client accounting department at the firm. Mr. Burgess is information technology director; he joined the firm in 2001 to manage trading technologies, web-based development and other telecommunications tech...

Keeping Eateries Open More Than a Labour of Love for Some

EXCESS labour costs caused many Taranaki eateries to close over the Christmas, New Year period. Of those that did open, most slapped a surcharge of between 15 and 20% on customers' bills to try to cover the extra costs incurred by the Holidays Act.

Taranaki Couple Tell of Lucky Tsunami Survival; Holiday in Sri Lanka Soon Turned to Horror

A TARANAKI husband and wife are recovering in Kuwait after surviving a terrifying ordeal in Sri Lanka when it was hit by the Boxing Day tsunami. Pat Hounsell and Cushla Steffert were separated for more than a day after Pat became caught in a huge wave that swept him well inland from a beachside hotel, while she found herself stranded in their second-floor motel room.

Tsunami Pictures

Police Think Liquor Bans Are Working

TARANAKI police believe public acceptance of liquor bans has led to one of the quietest New Year holiday periods on record. Police made just a handful of arrests on New Year's Eve, with the region remaining virtually trouble-free since.

Taranaki Aid Effort Meeting

Charity Dinner a Sell-Out

Visitors Hurt in Crashes

Sewage Leak Closes Beaches

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