Monthly Archives: April 2003
Venture Funding Declines in First Quarter
Apr. 29–Venture capital investment fell further in the first quarter, reaching its lowest level in more than five years. Total venture investment nationwide dipped to $3.8 billion in the period ended March 31, off from $4.3 billion the fourth quarter […]
Venture Capital Funding Up Slightly in Florida, Compared to National Trend
Apr. 29–TAMPA, Fla.–Investors pumped less money into upstart technology companies at the start of 2003 than they did at the end of 2002, but Florida saw a small boost in venture funding over thesame period, according to two recent venture […]
Colorado Springs, Colo., Venture Capital Investment Continues to Languish
Apr. 29–Venture-capital investments in Colorado Springs companies languished in the first quarter as financing deals nationwide fell for the twelfth consecutive quarter. No locally based startup companies received venture capital during the first three months of 2003, according to the […]
Money squeeze
Biotech companies looking, to survive from early stages through the conclusion of clinical trials will find it harder am ever to secure venture capital over the next several months, speakers agreedat a recent industry conference. Keith L. Brownlie, leader of […]
New Massachusetts Treasurer’s County Fund Trails State’s Performance
Apr. 23–Massachusetts Treasurer Timothy Cahill, who swept into office in January pledging to reverse the disappointing 2002 performance of the state’s $25 billion pension fund, had some dismalnumbers of his own in Norfolk County last year. In 2002, the Norfolk […]
NASD Fines Altegris: Four Corners’ Test for Sales Lit
WASHINGTON (HedgeWorld.com) – NASD announced that it has censured and fined Altegris Investments Inc., La Jolla, Calif., US$175,000 for marketing hedge funds to investors without fully explaining theassociated risks. Alternatives investment consultant Altegris consented to these actions but neither admitted […]
Tremont Completes Initial Public Offering of Canadian Registered Fund
TORONTO (HedgeWorld.com) – The Tremont Capital Opportunity Trust’s initial closing totaled C$40 million (US$27.6 million), as the units became listed on the Toronto Stock Exchange, according toTremont Investment Management. Units of the fund are listed under the trading symbol “TT.UN” […]
Quantum’s struggle goes on in the wake of Soros’ retirement
From Lauren Chambliss in New York EXECUTIVE churn at George Soros’ $11.5 billion (pounds 7.3 billion) hedge fund empire suggests the trend-setting fund remains in flux since the 72-year-old founder and investing legend retired from active management two years ago. […]
Troullier to Build Hedge Fund Unit at C&M
LONDON (HedgeWorld.com) – Capital & Marketing International Ltd., a capital markets adviser, hired Alexander Troullier to fill a newly created vice president’s post aimed at building C&M’shedge fund and real estate marketing unit. C&M was founded seven years ago by […]
Citco Expands Hedge Fund Classes
ZURICH, Switzerland (HedgeWorld.com) – Citco Bank will boost the scope of its hedge fund seminars, adding classes in Europe. Citco has been offering what it calls the Citco Hedge Fund Academy for about two years, in partnership with hedge fund […]
AMR bankruptcy reports
TOKYO, April 24 (Kyodo) — By: Mutsuo Fukushima The U.S. dollar skidded against the yen Thursday in Tokyo as traders were disheartened at a slew of dollar-bearish news and the rumored bankruptcy of a U.S. hedge fund. At 5 p.m., […]
Genteel St James’s is the new financial hot spot
MORE money is now managed in St James’s in London’s West End than in Germany’s leading financial centre Frankfur t, according to the Economist magazine, writes James Mclean. It says the exclusive Mayfair enclave is now home to almost 100 […]