Monthly Archives: August 2003
Social Networking Sparks Venture Capital Interest
Aug. 17–The first generation of dot-com companies might be dead. But another one is sprouting. Venture capitalists are opening up their wallets with caution to hot “social networking” start-ups, or those companies that help you connect with friends to help […]
Hispanic Investment-Banking Company to Open San Antonio Trading Floor
Aug. 16–The owner of the first Hispanic investment-banking firm in San Antonio has branched into investment management services and stock exchange ownership. It’s part of plans to build a diversified financial services company that will have a trading floor downtown. […]
Telewest finance head quits with pounds 400,000
The finance director of Telewest quit yesterday ahead of an expected boardroom clear-out as the cable operator nears the completion of its protracted pounds 3.5bn debt restructuring. Insiders at the company insisted that the resignation of Mark Luiz was not […]
Market forces: Surging Standard
What is going on at Standard Chartered? Since last week’s disappointing interim results, the share price of the emerging markets banking group has risen from 774.5p to 860p last night, a gain of 11%. Aside from the fact that hedge […]
RenaissanceRe Files Second Quarter 10-Q, Clarifies Presentation of Certain Investment Activity
PEMBROKE, Bermuda–(BUSINESS WIRE)–Aug. 15, 2003–In connection with the filing of its Form 10-Q for the quarter ended June 30, 2003, RenaissanceRe Holdings Ltd. (NYSE:RNR) noted that the Companyhas reflected its equity appreciation related to its investments in hedge funds and […]
Start-Ups Know What Friends Are For
WHEN BILL FRITSCH started his own advertising firm in September 2001, he didn’t even consider talking to venture capitalists. Instead, the refugee of the dot-com bust – who has spent the past twodecades in advertising – created a list of […]
Centillium Communications Appoints Hassan Parsa Vice President of Business Development; Industry Veteran to Drive Business Development and Strategic Partnership Initiatives
FREMONT, Calif.–(BUSINESS WIRE)–Aug. 15, 2003–Centillium Communications, Inc. (Nasdaq:CTLM), innovator of broadband communications technology, today announced the addition of venture capital andnetworking industry veteran Hassan Parsa as Vice President of Business Development. Reporting directly to Centillium’s Chief Executive Officer and Co-founder, […]
Massachusetts Treasury Fires Pension Agency Manager, Surprises Many
Aug. 15–State Treasurer Timothy Cahill yesterday ousted James Hearty, the executive director of the state agency that runs the $28 billion employee pension fund, replacing him with a corporatefinance executive with a decade of economic development and investing experience in […]
US recovery signs sparked Fed’s interest rate caution
THE US Federal Reserve held back from cutting interest rates by a half-point in June for fears of signalling to Wall Street it had come to the end of its campaign to stimulate an economic recovery,it emerged yesterday. The central […]
Palo Alto, Calif., Venture Capitalist Has a Plan for the Future
Aug. 15–Long before venture capitalist Diosdado Banatao drove his Porsche convertible along Sand Hill Road and piloted his own jets to vacation homes, he walked dirt roads to school in thongslippers and hand-me-down clothes. Known as “Dado,” the 57-year-old Banatao […]
Galvin tackles three hedge funds
Secretary of State William Galvin kept up his assault on the securities industry yesterday by filing civil complaints against the top managers of three hedge funds he said were preying onunsophisticated investors. The complaints – lodged against managers at Hercules […]
In Lawsuits, Massachusetts Secretary of State Targets Hedge Funds
Aug. 14–As part of his first widespread investigation of hedge funds, Secretary of State William F. Galvin yesterday filed civil lawsuits against promoters of three funds that he claimed offered therisky investment vehicles illegally in Massachusetts. The funds named in […]