Author Archives: the HedgeCo News Team
Chelmsford, Mass., Networking Startup Lands $30 Million in Venture Capital
May 22–CHELMSFORD, Mass.–Computer networking startup Acopia Networks Inc. has landed $30 million in its second round of venture capital funding. The 16-month-old company, which is set to release its first product next month, will use the cash to ramp up […]
Hope of big savings in shake-up of fund rules
THE proposed overhaul of rules covering investment funds could lead to the formal regulation of some hedge funds in the UK and will bring big savings to the fund management industry, analysts claim. The Financial Services Authority’s proposals will loosen […]
British Financial Firm Comes Back with Asia Hedge-Fund Play
May 22–The Barings name, missing from Asia since Nick Leeson’s bets on the Nikkei Average sank the bank in 1995, is set to return with a new hedge fund next month. Baring Asset Management is teaming with research house Fauchier […]
Stay Or Leave?
CEO of a local startup says New Mexico is stingy with incentives Aerospace Composite Structures is exactly the type of business New Mexico’s economic development leaders say they want to attract. It’s a clean industry, using a new process developed […]
Nothing Ventured, Millions Gained From State
Imagine the state gave you $75 million in tax money to invest in new businesses to create jobs. Imagine that, rather than creating jobs, the companies you invested in lost 174 jobs in the first four years. Imagine you got […]
Fund denied access to SBA ; Action linked to Southeast Capital’s former president who resigned last week
Southeast Capital Partners, formerly known as the TennesSeed Fund, has been denied access to a federal Small Business Administration program and an associated $20 million for investment in start-uptechnology companies. The denial was directly linked to fund manager and president […]
Strongbow offers hedge fund
Strongbow Capital Management has launched a shareholder activist hedge fund, Strongbow Capital Ltd. The $18.8 million fund will use a twin-pillar investment strategy of purchasing large blocks of shares in deeply undervalued companies along with an aggressive pursuit of shareholder […]
Acopia Networks Raises $30 Million in Series B Financing; Round led by STAR Ventures and St. Paul Venture Capital, and Includes Charles River Ventures and Accel Partners
CHELMSFORD, Mass.–(BUSINESS WIRE)–May 21, 2003–Acopia Networks, Inc., a developer of unique Adaptive Resource Networking products, today announced that the company has closed $30 million inadditional funding. This Series B financing brings the total capital raised to over $40 million and […]
Horizon Funds Adds Futures Program to Multi-Strategy Hedge Fund
TORONTO (HedgeWorld.com) – Cornerstone Trading Co. Inc. is the second investment program to be added to the Horizons Tactical Hedge Fund, a Canadian retail hedge fund. With seed assets of C$150,000 (US$111,128), the hedge fund is allocating two-thirds of its […]
SEI Plans Two Public, SEC-Registered Hedge Funds
OAKS, Pa., (HedgeWorld.com) – SEI Investments Management Corp. began the process for selling at least two registered hedge funds of funds by registering with the Securities and Exchange Commission. SEI registered two feeder funds planned to be sold publicly, SEI […]
Harvard Business School Holds Seventh Annual Business Plan Contest; Winning Teams Tackle Problems of Industry, India
BOSTON, April 29 (AScribe Newswire) — Today’s economy requires a “special type of entrepreneur,” said one of the judges in the final round of the seventh annual Harvard Business School (HBS)Business Plan Contest yesterday. The six contending student teams — […]
Venture Capitalists to Speak on “Venture Capital and the State of Michigan” at Leadership Policy Conference
ANN ARBOR, Mich.–(BUSINESS WIRE)–May 21, 2003–A panel of experts will discuss “Venture Capital and the State of Michigan” to raise the level of understanding of venture capital and its impact oneconomic development at the Leadership Policy Conference. The roundtable discussion […]