Tochter der französischen AXA hat die mieseste Performance und wurde vom Staat Connecticut und Florida Pension Funds gekündigt,nachdem sie ihren Anteil an Enron erhöht hatten kurz bevor die bankrott gingen und danach ihren Anteil an Worldcom verdoppelten bevor die 80% verloren.1,4 Milliarden am 31.März waren gestern noch 260 Millionen wert!
Da denkt man schon,dass hier jemand absichtlich die Firma in den Ruin treibt,unglaublich bei Professionellen solche Zockerei!
New York, May 15 (Bloomberg) -- Alliance Capital Management LP, which increased its stake in Enron Corp. as the energy trader slid into bankruptcy, almost doubled its holdings of WorldCom Inc. before an 80 percent plunge in the phone company's shares.
Alliance, the biggest publicly traded U.S. asset manager, added 102 million WorldCom shares in the first quarter, bringing its position to 209.8 million shares, according to Securities and Exchange Commission filings. Worth more than $1.4 billion March 31, the stake would be worth $260 million at yesterday's close.
The purchase was the second ill-timed bet by the unit of French insurer Axa SA in six months and may prompt potential investors to shun the company's funds, analysts say. The State of Connecticut fired Alliance last month, pulling $135 million of pension money, said Denise Nappier, the state treasurer.
Regarding WorldCom, Alliance spokesman John Meyers said, ``We don't comment on individual investments, except to say it's evident we think it's an attractive stock.''
Alliance Vice Chairman Alfred Harrison bought 2.7 million Enron shares for the state of Florida pension fund in the six weeks before the energy trader filed for the biggest U.S. bankruptcy on Dec. 2. Harrison sold Florida's entire 7.6 million-share Enron stake on Nov. 30 for 28 cents each, handing the pension fund its biggest loss on a single company investment.
Da denkt man schon,dass hier jemand absichtlich die Firma in den Ruin treibt,unglaublich bei Professionellen solche Zockerei!
New York, May 15 (Bloomberg) -- Alliance Capital Management LP, which increased its stake in Enron Corp. as the energy trader slid into bankruptcy, almost doubled its holdings of WorldCom Inc. before an 80 percent plunge in the phone company's shares.
Alliance, the biggest publicly traded U.S. asset manager, added 102 million WorldCom shares in the first quarter, bringing its position to 209.8 million shares, according to Securities and Exchange Commission filings. Worth more than $1.4 billion March 31, the stake would be worth $260 million at yesterday's close.
The purchase was the second ill-timed bet by the unit of French insurer Axa SA in six months and may prompt potential investors to shun the company's funds, analysts say. The State of Connecticut fired Alliance last month, pulling $135 million of pension money, said Denise Nappier, the state treasurer.
Regarding WorldCom, Alliance spokesman John Meyers said, ``We don't comment on individual investments, except to say it's evident we think it's an attractive stock.''
Alliance Vice Chairman Alfred Harrison bought 2.7 million Enron shares for the state of Florida pension fund in the six weeks before the energy trader filed for the biggest U.S. bankruptcy on Dec. 2. Harrison sold Florida's entire 7.6 million-share Enron stake on Nov. 30 for 28 cents each, handing the pension fund its biggest loss on a single company investment.
