Author Archives: the HedgeCo News Team
ASIP Raises $16 Million from Nokia Venture Partners, Finaventures, Intel and Redpoint Ventures
SOMERSET, N.J.–(BUSINESS WIRE)–July 22, 2003– Industry Leader in Advanced Photonic Integrated Circuits Closes Initial Installment of Series C Round with New and Existing Investors ASIP, Inc., an emerging leader in the development of photonic integrated circuits for next-generation optical systems, […]
Bear Stearns Capital Trust III Announces Cash Distribution
NEW YORK–(BUSINESS WIRE)–July 22, 2003–Bear Stearns Capital Trust III, a special purpose trust controlled by The Bear Stearns Companies Inc. (NYSE: BSC), today announced its regular quarterly cashdistribution on its outstanding shares of 7.8% Trust Issued Preferred Securities. Bear Stearns […]
The Miami Herald Business Briefs Column
Jul. 22–HEDGE FUND’S ASSETS FROZEN: U.S. District Judge William Zloch has issued a preliminary injunction freezing the assets of a Connecticut-based hedge fund now under the control of a receiver. The order came late last week in lieu of a […]
Debenhams’ two suitors put Earl on the spot
A 1.6 billion bidding war for Debenhams could be just days away after it confirmed venture capital groups CVC Capital and Texas Pacific had entered the fray. Chief executive Belinda Earl faces the awkward task of working with two bid […]
JGBs Edge Higher on Late Buybacks
Tokyo, July 22 (Jiji Press)–Japanese government bonds wiped out early losses to close higher Monday on a late wave of buybacks. The yield on the benchmark 251st 10-year JGBs, carrying a coupon rate of 0.9 pct, stood at 0.955 pct […]
Gabelli Asset Management, Inc. Names Thomas H. Mahoney IV Chief Operating Officer at Gabelli & Partners
RYE, N.Y.–(BUSINESS WIRE)–July 22, 2003–Gabelli Asset Management, Inc. (NYSE-GBL) announced that veteran investment banker Thomas H. Mahoney IV has joined Gabelli & Partners, LLC, the firm’salternative investments unit, as Managing Director and Chief Operating Officer. Mr. Mahoney has 15 years […]
Greenspan’s halo loses some shine Deep skepticism emerges in Washington and on Wall Street Wall Street Watch
Like the statues of dictators, investment icons have been toppled one by one since the stock market peaked in 2000. Chief executives, once lionized by their shareholders, are now often viewed withmistrust. Stock analysts who were once Wall Street’s equivalent […]
Bear Stearns Forms Private Client Advisory Services and Hires Top Ranked Managed Account Team John Hyman and Fred Patykewich
NEW YORK–(BUSINESS WIRE)–July 22, 2003–Bear, Stearns & Co. Inc. announced today that it has formed Private Client Advisory Services and hired two pioneers in the managed account business, JohnHyman and Fred Patykewich to launch the effort. Jointly, they have been […]
Commerzbank Securities Announces Four Additions To Its New York Team
NEW YORK–(BUSINESS WIRE)–July 22, 2003–Commerzbank Securities today announced four new additions to its New York team: — Jesse Shefferman takes the position of senior salesperson on the New York team for Pan European Equity Sales. He will report to Nick […]
The Tuckerman Group Announces Closing of Kirkwood, Missouri Project
PURCHASE, N.Y.–(BUSINESS WIRE)–July 22, 2003–The Tuckerman Group, the real estate investment unit of State Street Global Alliance LLC, today announced the closing on an equity investment inStation Plaza, a multi-family development project in Kirkwood, Missouri. Station Plaza is the seventh […]
State Doubles Bet On Philips Venture
Council Adds $15 Million On Top of Capital Fund Gamblers call it “doubling down” — doubling your bet on the same card. State officials may be doing just that. The State Investment Council today is expected to approve a plan […]
Investments in Start-up Firms Are Increasing in California’s Silicon Valley
Jul. 21–A growing number of Silicon Valley companies are announcing new venture capital investments, signaling what could be the first significant increase in start-up activity in three years. Investments range from anti-spam start-ups to wireless companies, and the pace of […]