Monthly Archives: May 2004

Massachusetts town seeks a waiver to invest in Hedge Funds

WEST PALM BEACH, FL (HEDGECO.NET) – The Lexington Massachusetts Retirement System has announced its plans to seek a waiver from the state�s Public Employee Retirement Administration to allow the townto invest some of its retirement assets in hedge fund vehicles. […]

Japan: leading Hedge Fund Market in Asia

WEST PALM BEACH, FL (HEDGECO.NET) – Japan is the strongest and largest hedge fund market in Asia, according to market analysts. Such strength offers some attractive hedge fund investmentopportunities in Asia, with the resumption of growth in the Japanese economy; […]

Hedge Fund Investment Marketers to register as Broker/Dealers

WEST PALM BEACH, FL (HEDGECO.NET) – Hedge Fund investment marketers, also known as finders, have been warned that such activity requires registration with the Securities and Exchange Commission.According to published reports, Investment Management lawyers have been contacting hedge fund finders […]

Former Salomon Smith Barney Analyst to launch new hedge fund

WEST PALM BEACH, FL (HEDGECO.NET) – A former hi-tech analyst at Salomon Smith Barney has announced plans to launch a new hedge fund. According to news reports, Victor Halpert, has raised about US $10million from individuals and institutional investors in […]

Lazard Asset Management to Launch a European Equity Fund

WEST PALM BEACH, FL (HEDGECO.NET) – Lazard Asset Management [LAM] has announced plans to launch a new hedge fund in May, according to a press release. Robert Rowland, who was hired last year with thegoal of assisting the firm to […]

Key Asset Management Launches new Fund of Hedge Funds

WEST PALM BEACH, FL (HEDGECO.NET) – Key Asset Management Company has launched its latest fund; Key Hedge Fund Plus is a fund of hedge funds geared towards high-net-worth investors. According to thereleased statements, the new fund of hedge funds, offers […]

SBIC funding boosts good for VCs, entrepreneurs

Uncle Sam is a becoming a big player in the venture capital market through Small Business Investment Companies (SBICs), which have been funded to the tune of about $77 million in Colorado through2002. And that’s good news for both entrepreneurs […]

TechRx, the Leading Automated Drug Prescription Fulfillment Company, Is Successfully Acquired by NDCHealth

NEW YORK–(BUSINESS WIRE)–May 30, 2003–Spencer Trask, a New York based venture capital firm, today announced that TechRx, the leading systems and technology provider to the prescription drugindustry, was acquired by NDCHealth (NYSE: NDC). NDCHealth operates the largest health data network […]

Michigan Venture Capital Group Working with State Legislators to Establish $150 Million Fund for Start-Up, Early-Stage Firms

MACKINAC ISLAND, Mich.–(BUSINESS WIRE)–May 30, 2003– Plan is Modeled After Oklahoma’s Early Stage Venture Capital Fund The Michigan Venture Capital Association today announced it is working with Lansing legislators to formulate a new bill to establish a $150 million venture […]

iRobot Secures $13 Million in Funding to Accelerate Global Adoption of Robots for Consumer, Military Use

BURLINGTON, Mass.–(BUSINESS WIRE)–May 30, 2003– Trident Capital Leads Round; Acer Technology Ventures, Fenway Partners and First Albany Companies Also Invest iRobot Corp., a leading provider of robotic technology, today announced it has secured $13 million in financing. Trident Capital, a […]

Advent Now Focusing on Fund Administrators

SAN FRANCISCO (HedgeWorld.com) – After making an initial push at promoting the use of its “Advent for Hedge Funds” software package to hedge funds, Advent Software Inc. now hopes to gain hedge fundadministrators as clients. Through a strategic alliance with […]

Ibbotson Forms Hedge Fund Group, Headed by Ezra Zask

LAKEVILLE, Conn. (HedgeWorld.com) – Ibbotson Associates Advisory launched a hedge fund of funds program that offers services such as manager selection and due diligence, style analysis, riskmanagement and customized portfolio construction. The service is designed for financial intermediaries, including asset […]