Monthly Archives: May 2003
Westly Calls for Increased Disclosure and Transparency for Hedge Funds
SACRAMENTO, Calif.–(BUSINESS WIRE)–May 12, 2003–State Controller Steve Westly today called on the federal Securities and Exchange Commission to provide reasonable safeguards for the rapidlygrowing and largely unregulated hedge fund industry. “The proliferation and increasing availability of hedge funds in recent […]
Advent Markets Hedge Fund Software Package
SAN FRANCISCO (HedgeWorld.com) – Aiming for the top spot among hedge fund software providers, Advent Software Inc. is marketing its hedge fund technology as a package made up of the many pieces ofits technology arsenal. Even as the firm officially […]
Hedge Fund Portfolio Shrinks at PXRE
HAMILTON, Bermuda (HedgeWorld.com) – Reinsurance company PXRE Group Ltd. reduced its hedge fund portfolio by US$4.2 million in the first quarter of this year. The net reduction came amid a quarterly period when its hedge funds returned 8.2% on an […]
Big bucks, no ideas for biotech
GOVERNMENT-BACKED groups are proposing to invest up to $225 million in New Zealand’s fledgling biotechnology sector. But there are doubts whether there’s enough Kiwi biotech projects worthy of suchinvestment. South Island entrepreneur Howard Paterson’s biotech venture capital firm Quest VC […]
U.S., UK Hedge Funds in Dock over Investor Strategy
May 11–United States and British securities regulators will meet leaders of the hedge fund industry this week to express growing concerns that the lightly-regulated sector could be luring lesssophisticated investors. Dozens of top managers, including Soros Fund Management and Carlyle […]
Promina’s public offer due tomorrow
INSURER Promina will announce the final price tomorrow for its initial public offer for which the institutional book build closed last night amid speculation the issue had been targeted by hedgefunds. Promina, which is made up of the Australian and […]
North America
Investment funds boost E&P PRIVATE equity funds are playing an increasingly important role in the region’s energy sector. Propelled by investors who are less anxious about short-term results, the funds are welcomed by companies that are tired of being punished […]
Firms Showcase Business Plans at VC Expo
More than 170 people attended last week’s West Virginia VC Expo in Fairmont. It was the first time the eight state-funded venture capital firms gathered in one place to see presentations from new andgrowing companies. “We were very pleased,” said […]
Venture capital firm slow in raising money
Three years ago, investment firm Emerald Asset Management Inc. created a venture capital firm. That division, called Emerald Venture Capital, quickly began soliciting investors for money to developan incubator for technology businesses in Lancaster. Originally, Emerald Venture Capital was hoping […]
Derivatives – a time for caution?
Warren Buffet has chosen a new financial weapon of mass destruction – the derivative. His comments appear to contradict the views of Alan Greenspan, the Chairman of the Federal Reserve. However, asPeter Banyard points out, the warning signs are there, […]
North America
Investment funds boost E&P PRIVATE equity funds are playing an increasingly important role in the region’s energy sector. Propelled by investors who are less anxious about short-term results, the funds are welcomed by companies that are tired of being punished […]
Meritage still taps telecom sector
THERE’S A METHOD BEHIND ONE VENTURE capital firm’s investments in an industry that has spawned headline-making bankruptcies, disappointing earnings, scandals and lawsuits. Denver-based Meritage still focuses on the telecommunications industry, and it is actively seeking new startup companies. Despite the […]