Daily News; White Plains

Trafalgar Applies Leverage in New Fund

LONDON (HedgeWorld.com) - Answering investor demand, Trafalgar Capital Management LLP has launched a more leveraged version of its Trafalgar Fund LP. The Trafalgar Advanced Fund Ltd., which also has a limited partnership structure, will follow the same market neutral European equity strategy as the Trafalgar Fund but will target gross exposure of 400% and annualized volatility of 10%. The original fund had 200% gross exposure and annualized volatility of 4.1%.

Eurex Us Renews Antitrust Accusations Over Treasury Futures

CHICAGO (HedgeWorld.com) - The U.S. Futures Exchange LLC (the U.S. market of Eurex, Frankfurt, Germany) filed a second amended antitrust complaint against the Chicago Board of Trade and the Chicago Mercantile Exchange, revising an action first brought in October 2003. Morgan, Lewis & Bockius LLP, Chicago, represents Eurex in this matter. Morgan Lewis Associate Paul Walker-Bright, working under the supervision of partner John Shenefield, signed the complaint. Mr. Shenefield is an authority...

Cme's New Options Available Through Sd-Fx

NEW YORK (HedgeWorld.com) - Super Derivatives Inc., owner of the vanilla and exotic options pricing system (EOPS) and the SD-FX platform, will make real-time market prices for the Chicago Mercantile Exchange's European-style Euro FX and Japanese yen options contracts available on SD-FX. These contracts launched April 3 at 5 p.m. and were immediately available to platform users. Platform users also now can view indicative volatility levels for CME's FX options contracts, the two companies said...

Forex Trading Tool Adds News and Data

PLAINVIEW, N.Y. (HedgeWorld.com) - Thomson Financial's research content is the latest offering to foreign exchange investors using the COESfx Inc. electronic trading platform. Information in the Thomson publication International Financing Review now is part of the electronic currency network developed by COESfx, which provides retail and institutional investors information and data on forex trading on a web site.

Hedge Funds End March with a Whimper

NEW YORK (HedgeWorld.com) - What is it they say about March? In like a lion, out like a lamb? Beware the Ides? Hedge fund managers tracked by Standard & Poor's got ambushed by bad returns all month, not just in the middle, and ended March and the first quarter in decidedly lamb-like fashion. The S&P Hedge Fund Index finished down 0.55% in March, dragging the year-to- date return through March 31 to negative 0.2%.

Zymogenetics Names Hedge Fund Manager to Board

SEATTLE (HedgeWorld.com) - ZymoGenetics Inc. appointed hedge fund manager David H. MacCallum to its board of directors, effective immediately. Mr. MacCallum is managing director of Outer Islands Capital, a hedge fund specializing in health care investments, according to a news release from ZymoGenetics.

Plusfunds Expands Index Sales Effort in Japan

NEW YORK (HedgeWorld.com) - PlusFunds Group Inc., supervisor of Standard & Poor's hedge fund index accounts, appointed Tokyo- based Yoshiro Okawa to represent it in the Japanese market. He will seek to introduce S&P hedge fund index products to banks, institutional investors and retail channels. "The Japanese market is showing great interest in adopting hedge fund index products," said Mr. Okawa in a statement. He added that there is a tendency for this market to favor instruments and...

[ Hanging Out ][No Published Headline]

HANGING OUT: New Plymouth's Robin Smith enjoys the last day of a month-long holiday by paragliding above Back Beach. "It feels incredibly relaxing," said the mechanical inspector. "It's as near as man will ever get to flying."

[ Nil. ][No Published Headline]

Nil. SAILED

Chinese Mining Venture Rumoured

BUSINESS and political leaders in Taranaki remain silent over growing speculation that a major new industry is poised to base itself in the region. The Taranaki Daily News understands that the industry involves mining sand from the seabed off the coast from Taranaki to Northland, then extracting iron ore for the world steel industry.

Motorhome Group Buys Out Lease On Onaero Bay Camp

THE New Zealand Motor Caravan Association has taken over the Onaero Bay Motor Camp and is expecting to attract thousands of visitors to Taranaki each year. It is the first campsite lease the association has ever bought.

Ministry Set to Cut Dioxin Phone Line

THE Ministry of Health might soon pull the plug on the free phone line set up for people with dioxin concerns. The ministry set up the 0800 line (0800 555 567) after it was first revealed in September last year that 24 long-term residents of Paritutu in New Plymouth had increased levels of dioxin in their blood.

Support Staff at Schools Debate Claims

ABOUT 100 support staff from New Plymouth primary and secondary schools attended a meeting in the city yesterday calling for better pay and working conditions. The meeting was one of more than 100 being held throughout the country this month and was organised by their union, NZEI Te Riu Roa.

Racing Bosses Consider Delay in Disrepute Case

RACING'S Judicial Control Authority has yet to decide whether to grant an injunction to further delay the hearing of charges against seven committee members of the year 2000 Stratford Racing Club committee. New Zealand Thoroughbred Racing chief executive Allan Fenwick yesterday confirmed the SRC had lodged an interim injunction on a planned judicial hearing to determine if those charged are guilty of bringing the industry into disrepute.

Tsunami Effort Inspires

TARANAKI'S generosity towards Asia's tsunami victims is continuing with $15,000 given to the Red Cross last night. The money raised by the Taranaki Multi-Ethnic Council was handed over in the form of three cheques.

Hot Car Hosed Down

Transit has Meeting but Nobody Shows Up

THERE were seats lined up for the public, Transit bosses lined up on the panel, an expensive sound system for speakers, cups of tea and coffee on the sideboard -- but no one else showed up. The New Plymouth consultation hearing for Transit New Zealand's draft 10-year State Highway plan at Copthorne Grand Central Hotel yesterday attracted not a soul.

Wall Work May Be First Stage

A REPAIR JOB of $353,000 booked for this year could be the first stage of a $1.5 million project to refurbish Patea's crumbling harbour works. Yesterday's South Taranaki District Council policy development meeting recommended the restoration of the eastern training wall of the historic port to ensure the river is confined within its 135- year-old artificial channel.

Flood Protection Priority

THE Taranaki Regional Council's draft Annual Plan has earmarked the Waitotara catchment as a top priority for river control and flood protection. Waitotara suffered severe flood damage and landslips on February 15-16, 2004. The town was left in such bad shape that the possibility of closing or relocating it was considered.

Np to Benefit From New Planes

NEW PLYMOUTH commuters will enjoy a quieter, faster, larger domestic plane to fly them to the larger centres from January. Air New Zealand is buying 17 new turbo-prop planes at the cost of $350 million.