Financial services
The Internet Financial Network, Inc. (IFN) has announced a partnership with the Citation Group, a Soft Dollar Brokerage unit of Merrill Lynch, to provide investment research and news services to Merrill Lynch's Citation clients through the InfoGate platform. The partnership aims to offer a range of investment-related products
Natural gas
The development of oil fields in southern Sudan by a Canadian-led project, spearheaded by Vancouver-based Arakis Energy Corp., has raised suspicions due to the lack of transparency surrounding the key players involved. Arab Group International (AGI), a Saudi group touted as the financial savior of the project, is proving difficult
Banking industry
The board of directors of Nations Government Income Term Trust 2003, Inc. has declared a dividend of $0.0514 per share, representing earnings for the month of July 1995. The dividend is payable to shareholders of record on July 14, 1995, and will be distributed on July 28, 1995. This
Banking industry
The board of directors of Nations Government Income Term Trust 2004, Inc. has declared a dividend of $0.0538 per share, representing earnings for the month of July 1995. The dividend is payable to shareholders of record on July 14, 1995, and will be distributed on July 28, 1995. This
Banking industry
The Korea Fund Inc., a closed-end management investment company, has completed its rights offering, which commenced on June 5, 1995, and expired on June 21, 1995. The offering, managed by Scudder, Stevens & Clark Inc., was significantly over-subscribed, with approximately 7.28 million shares, or 98.6% of the 7,
Banking industry
Ariel Capital Management, Inc. and Lincoln Capital Management Company are partnering to offer the Ariel Premier Bond Fund, a new high-quality, total return bond fund targeting institutional and individual investors. The fund will be managed by Lincoln Capital's fixed-income team, seeking to maximize total return through a combination
Mutual funds
In a recent statement, portfolio managers at Van Eck Global asserted that the US dollar's value will continue to decline, citing an over-supply of dollars in the world and limited financial asset liquidity. As early as October 1994, Van Eck predicted a decline in the dollar's
Mutual funds
The First Australia Prime Income Fund, a closed-end bond fund, has announced its intention to pay a monthly distribution of $0.075 per share to all shareholders of record as of March 31, 1995. This distribution follows the fund's policy of facilitating the maintenance of a stable monthly
Financial services
A recent investment trends survey conducted by Aetna Mutual Funds reveals that a secure retirement is the most pressing issue for investors of all ages. The survey found that the majority of participants, including young investors between 25-44 years of age, ranked retirement first among their most important investment objectives.
Financial services
Stolberg Partners, a leading equity investment firm, has announced the completion of a $70 million private equity fund focused on investing in Rocky Mountain companies. The fund's primary objective is to provide capital to non-high-tech firms with revenues between $5 million and $75 million, which often face difficulties
Investment companies
The Seligman Communications and Information Fund has demonstrated remarkable staying power in the mutual fund industry, ranking as the top performing equity mutual fund for both the one-year and five-year periods ended December 31, 1994. According to Lipper Analytical Services, the fund outperformed 2,017 other equity mutual funds in
Investment companies
The BISYS Group, Inc. (Nasdaq: BSYS) announced that its Fund Services Division has been retained as administrator of the Parkstone Mutual Funds in a multi-year contract with the Fund group. First of America Investment Corporation, which manages the Parkstone Mutual Funds, has also renewed its distribution agreement with BISYS. As
