Daily News; White Plains

Quantitative Traders Apply Scientific Approach to Consulting

LONDON (HedgeWorld.com) - The two principals of Edge Trading, Adam Lewin and Calum McLean, are launching Synokis Partners, a U.K.- based firm that will provide consulting and research to hedge funds and funds of funds. Synokis will offer strategy examination and performance monitoring to investors and fund managers using statistical analysis of trading histories and trading models based on the manager's investment strategies.

Custom House, Ids to Serve South African Managers

CAPE TOWN, South Africa (HedgeWorld.com) - In a bid to serve domestic and offshore hedge fund managers with connections to South Africa, administrators Custom House Administration & Corporate Services Ltd. and Investment Data Services on Thursday announced a joint venture. The deal will see Dublin, Ireland-based Custom House provide technical support and training on the PAXUS system to IDS Alternate Fund Services, a subsidiary of IDS. Using the PAXUS system will help IDS Alternate Fund Se...

Administrative Firm Adds Derivatives Database

LONDON (HedgeWorld.com) - GlobeOp Financial Services is providing Markit credit default swap data and reference entity data to the growing number of hedge funds in the derivatives market. GlobeOp provides middle- and back-office support in addition to fund administration to hedge funds, family offices and funds of hedge funds. The agreement with Markit Group Ltd. affords GlobeOp the opportunity to add on to its over-the-counter processing and valuation services to hedge funds, said Hans Hufsc...

Consultant's Study: Hedge Fund Fees Not so Outrageous

NISKAYUNA, N.Y. (HedgeWorld.com) - A new study of the cost of "active management by mutual funds" finds that one of the most visible differences between mutual and hedge funds, the "outrageous" management fees charged by the latter, may not be as great as it seems. Ross M. Miller, president of Miller Risk Advisors, a credit and portfolio risk management consultancy, and the author of a book on experimental economics, Paving Wall Street (2002), has just published a report on "measuring the tr...

Hedge Funds Beat Out Stocks for Month and Ytd

NEW YORK (HedgeWorld.com) Hedge funds showed decent overall gains in June and outperformed equities both for the month and for the first half of 2005, according to Standard & Poor's. The S&P Hedge Fund Index gained 0.90% during June, bringing its total return for the first half of 2005 to 0.13%, which, while meager, is better than the S&P 500 stock index, which fell 0.01% during June to wind up with a negative 1.7% six-month return.

Judge: Offender has `High Risk'

A STRATFORD chef who sexually abused a girl in her own home had a high risk of reoffending, Judge Louis Bidois said in the New Plymouth District Court yesterday. Eric John Barriball (51) was jailed for 4 1/2 years after earlier admitting masturbating in front of the girl in Stratford on November 7, and having unlawful sexual connection with her on November 27.

Banknote Forgery Warning

TARANAKI retailers are being warned to be vigilant after counterfeit notes have appeared in the region. Six fake $10 notes have been handed into New Plymouth police after they were accepted by a city business.

Forum Tackles Key Election Issues, Mmp

TARANAKI'S lead-up to the General Election kicks off tonight with a political forum hosted by the Maxim Institute. The forum starts at Spotswood College Hall in New Plymouth at 7pm.

Ben's Friends Condemn His Killer; Family to Stand by Murderer

"She is just so evil" Stories by GLENN McLEAN --------------------

Mokau Residents Demand Answers

MOKAU residents and bach owners will next week meet with their electricity company to try to thrash out a solution to the North Taranaki settlement's major power problems. Te Kuiti-based The Lines Company has called the meeting after problems continue to affect homeowners connected to the company.

Manu Korero Wins for Hawera Pair

TALENTED Te Mate Tahuna Maruera and Tuaka King are the toast of Hawera High School this week. The duo won both senior Maori and senior English manu korero sections at the Aotea secondary schools competition held in Wanganui last weekend.

Ardern Condemns Loss of Opunake Police Officer

THE Government is biting the hand that feeds it by cutting back on police numbers at rural stations, National MP Shane Ardern says. Mr Ardern said the Labour Government treated rural people of New Zealand with contempt when it was revealed police numbers in his home town of Opunake were to be reduced.

South Taranaki has Reason to Celebrate

THE South Taranaki District Council is patting itself on the back after a recent customer satisfaction survey. The National Research Bureau surveyed 401 residents in April for the biannual survey.

At the Port

VICTOIRE, 3759 grt, from Lyttelton to load LPG, 5.15pm yesterday (Cape). WESTPORT, 3091 grt, from Westport to discharge cement, 9pm yesterday (Holc).