Daily News; White Plains

Past Holds Key to Future for Alternatives: Meyer

CHICAGO (HedgeWorld.com) - Frank C. Meyer now calls himself a private investor, but that doesn't mean he's keeping his thoughts to himself. Speaking at the Managed Funds Association's Forum 2005 conference at the Fairmont Chicago hotel, Mr. Meyer offered an earful for attendees. He reached back to the beginnings of his career in the alternatives industry - the early 1970s - when he was a co-manager at Grosvenor Partners, to provide some perspective on the alternatives industry today, and wher...

Third Avenue Horns in On Instinet Brokerage Sale

NEW YORK (HedgeWorld) - Third Avenue Management LLC, a hedge fund manager, has sent a letter to the Instinet Group offering to buy the assets and liabilities of Instinet's institutional brokerage arm, subject to due diligence. Instinet Group is the largest global electronic securities broker, and the affiliate in question, Instinet LLC, The Institutional Broker, acts as an agent for customers, including hedge funds, as they trade in U.S. venues, as well as 30 securities markets around the world.

Newest Mfa Director Breaux to Hedge Funds: Congress Is Watching You

CHICAGO (HedgeWorld.com) - Former U.S. Sen. John Breaux said that Congress is taking notice of the fervent upswell of attention given to hedge funds by the popular and business press, and he warned that when Congress takes notice of something, its reflex often is to regulate it. Speaking to an audience of hedge fund professionals at a Managed Funds Association conference in Chicago on Tuesday, Mr. Breaux, who joined the MFA's board as an appointed director in April, held up a newspaper headli...

Greenspan Foresees Disappointing Hedge Fund Returns but No Threat to System

NEW YORK (HedgeWorld.com) - Low long-term interest rates worldwide are driving capital to private equity and hedge funds in search of above-average returns, but the result may be losses and a temporary shrinkage of the hedge fund industry, Federal Reserve chairman Alan Greenspan told the International Monetary Conference in Beijing, China. "But so long as banks and other lenders to these ventures are managing their credit risks effectively, this necessary adjustment should not pose a threat t...

Mfa Maps Political, Regulatory Landscape

CHICAGO (HedgeWorld.com) - The Managed Funds Association's role in Washington is on the rise, as the trade group steps up lobbying and publicity efforts to ensure that the Securities and Exchange Commission's inititiatives to regulate hedge funds won't inflict serious harm on the industry. A top MFA priority is to work closely with the SEC to guide hedge funds as they comply with the new rule that will require most fund managers to register as investment advisers.

Im Links Buy Side with Trades and Research

BOSTON (HedgeWorld.com) - The latest version of IMTrader is geared to make the product friendlier to hedge funds that need access to research and order management systems. "It's designed for a buy-side firm that doesn't want to invest in a six-figure, high cost trade order management system," said Furqan Nazeeri, chief executive of Pivot Solutions, the company that offers IMTrader.

Hedge Funds Up in Hennessee Survey

NEW YORK (HedgeWorld.com) - Hedge fund managers in the Hennessee Group LLC hedge fund index turned in their second-strongest month of 2004 in May, earning 1.3%, bringing them back to near even for the year after a terrible March-April run. Reversing a four-month trend, short-biased managers got hammered in May thanks - or, they might say, no thanks - to much-improved equity market returns. Short managers in the Hennessee index were negative 6.87%, bringing their year-to-date return through Ma...

[ Milburn Carrier Ii,... ]

MILBURN CARRIER II, 6200 grt, from sea with cement, 3.30pm yesterday (Holc). SAILED

[ Royal Welcome ]

ROYAL WELCOME: Supporters of the British and Irish Lions received a welcome fit for royalty in New Plymouth yesterday when they were greeted by a look-alike Queen Elizabeth. Members of the Barmy Army said the sight of the Queen, who was driven through the central city, "touched their hearts".

Lions Land to City Airport Roar; but Toby Proves to Be Our Jonny On the Spot

THERE was only one man the throng of British and Irish Lions supporters wanted to see at New Plymouth's airport yesterday. Jonny Wilkinson, the dead-eyed Dick with the impressive kick, strode into the red pack of supporters with his hand extended, ready and obliging to sign off another of his distinctive scribbles.

Excitement Builds As Fans Arrive

THE streets of New Plymouth started brimming with Lions supporters yesterday as more arrived in the city for tonight's match. Bars catered to thirsty fans and shops bustled with visitors searching for souvenirs.

Man Remanded On Head-Butting

A MAN who allegedly head-butted another man at a Taranaki petrol station has appeared in the New Plymouth District Court. Aaron Matthew Neumann (31), a labourer from New Plymouth, entered no plea to four charges when he appeared before Judge Nevin Dawson yesterday.

Port Goes Deeper to Climb Higher

PHASE one of an ambitious $50 million plan to transform Port Taranaki into one of New Zealand's big three ports is poised to begin. The port's operating company, Westgate Transport Ltd, has awarded a $25 million contract to New Zealand dredging company Heron Construction Ltd to begin making the port the deepest in the country.

Haka Lessons Not On Formal Programme

By KERI WELHAM in New Plymouth --------------------

Cafe Owner Considers Park Plan Petition

AN inner-city cafe owner is considering a petition to keep shops out of the new Huatoki development. Peter Hardgrave, from Espresso Cafe, which borders the section of the Huatoki Stream soon to be developed, said yesterday the site should be an open space -- not a mall.

Expert Pooh-Poohs Surf Sewage Fears

SUGGESTIONS that sewage in Opunake Bay would affect surfing on the artificial reef are unfounded, engineers say. The sewage spectre, raised by spokesman Rata Pue during his submission on behalf of local hapu during the consent process, drew attention to an outfall into nearby Middleton Bay.

Power Lines Arc Through Man's Car

A STRANGE culmination of events resulted in a 52-year-old Oakura man being rushed to hospital after 11,000 volt power lines arced through his car yesterday morning. The man received an electric shock when the high voltage lines arced, sending an electrical pulse down through his car.

Calls for Road Closure After Death

THERE were calls for Opunake's old dump road to be closed off in the wake of a fatality at the weekend when a 21-year-old fell to his death. Police yesterday named the dead man as Todd Gordon William Teagle, formerly of New Plymouth.

Teens Charged with Airport Thefts

TWO New Plymouth teenagers, facing a raft of charges relating to damage to, and thefts from, motor vehicles at New Plymouth airport, have made a brief appearance in court. Alistair John Armstrong and Sean Ranon Heemi Haakma (both 17) were remanded on bail to reappear on June 23, 2005, when they appeared before the court registrar in the New Plymouth District Court yesterday.

Carter Fires Salvo at Duynhoven

NEW PLYMOUTH MP Harry Duynhoven has come in for a kicking by visiting National MP John Carter. In New Plymouth yesterday to support National candidate Moira Irving in her campaign to topple Mr Duynhoven in the New Plymouth electorate, Mr Carter criticised Mr Duynhoven over his alleged airport "inaction".