Monthly Archives: June 2003
Oregon’s Private Biotech Firms Struggle to Obtain Venture Capital
Jun. 6–Publicly traded biotech companies are experiencing a dramatic stock rally. Investors are betting that share prices will rebound as the economy recovers and as demand increases for scientificsolutions to diseases and terrorist threats. But venture capital firms aren’t showing […]
Philadelphia-Area Women Launch Investment Company
Jun. 6–Three women who are veterans of the financial services industry announced yesterday the formation of NewMarket Capital Partners L.L.C., an investment company in Philadelphia that will managetwo new hedge funds. NewMarket is managing the funds for CMS Cos., a […]
EFG and Tice See Shine in Gold Stocks
LONDON (HedgeWorld.com) – EFG Private Bank Ltd. and David Tice will offer a new gold stock hedge fund, the Prudent Global Gold Fund. The fund will be sold outside of the United States by EFG Private Bank, an arm of […]
BlueTarp receives venture funding
BlueTarp, which provides credit- and purchase-card programs in the building materials industry, has received a new investment of $1.75 million from three venture capital funds. The money for the Portland-based company’s third round of funding comes from CEI Ventures and […]
Two Pittsburgh-Based Venture Firms Still Competing for Biotechnology Funds
Jun. 6–Two Pittsburgh-based venture capital firms are still competing to win the remaining third of the $60 million in federal tobacco settlement funds the state has set aside for biotechnologydevelopment. Saturn CPP and Birchmere Capital told the board they plan […]
Entrepreneurs Make Pitches to Venture Capitalists at New York Forum
Jun. 6–Last year, Robert Thompson was all set to start selling movie posters for rapper Eminem’s “8 Mile.” The president of Motion Imaging Inc. in Farmingdale says he even lined up an investor topay for the production of the posters, […]
Changes to state pension sought; Hedge funds top treasurer’s plan to reduce risks
State House News Service BOSTON – State Treasurer Timothy Cahill supports a new investment strategy for the state’s faltering $28 billion pension fund that calls for up to 5 percent of assets to be invested in hedge funds. A proposal […]
Venture capital idea from campaign not yet achieved
The General Assembly gave Gov. ROD BLAGOJEVICH many of the things he wanted in the spring legislative session, though a venture capital program was not one of them. During the campaign, it was not uncommon to hear Blagojevich talk about […]
LJH Starts Marketing Service for Managers
NAPLES, Fla. (HedgeWorld.com) – James Hedges teamed up with public relations professional Charlotte Luer to form LJH Financial Marketing Strategies LLC. Mr. Hedges is the founder and president of hedge fund advisory and fund of funds firm LJH Global Investments. […]
Scout Medical Closing Up Shop ; Kirkland Company Backed Developers Of Health Devices
Scout Medical Technologies, a Kirkland investment company that formed three medical device companies over the past three years, is closing after failing to raise more money. Scout Medical, backed with $8 million from MPM Capital, will continue to operate as […]
Pension fund may head to hedge
State Treasurer Tim Cahill expects to ask his colleagues on the state’s pension fund board today to place a piece of the $28 billion retirement account in hedge funds for the first time. Cahill said the dive into hedge funds […]
Fund to Invest in Businesses in Poorer Areas
The New Markets Growth Fund, a venture capital fund based at the University of Maryland’s Robert H. Smith School of Business, has raised $20 million to invest in small businesses in low-income neighborhoods in the District, Prince George’s County and […]