Category Archives: HedgeCo News
Venturing forth
A Northern Virginia venture capitalist, speaking at Shenandoah University last month, compared the bubble of the late 1990s to today’s investing climate. Back then, the business strategy was first to market; now it is first to profitability, said John Backus, […]
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, […]
Fast Lane: STATE – Venture Capital Fund Invests $40M in Tri-State Area
FORT Washington Capital Partners has raised $40 million for a new fund created to drive investment in early-stage-venture capital opportunities in the northern Kentucky, central and southwesternOhio, and southeastern Indiana region. The Tri-State Growth Capital Fund I, L.P. will support […]
J.C. Clark Closes Preservation Capital
TORONTO (HedgeWorld.com) – J.C. Clark Ltd., an investment management firm, announced the closing of its flagship long/short equity hedge funds to new investors. Three funds are involved: The Preservation Trust is for Canadian investors; Preservation Capital LP is a Bermuda-based […]
Ethics panel OKs official’s business ties
* Michael McMahon, Governor Carcieri’s economic development director, says he wants to leave no possible ethical issue unexamined. * * * PROVIDENCE – At least some of the top state economic development official’s private business dealings do not amount to […]
Head of Mutual Funds at Fidelity Investments Criticizes Hedge Funds, New Rules
Apr. 30–In a rare public appearance, Abigail Johnson, chief of mutual funds at Fidelity Investments, took aim last night at hedge funds and new regulations aimed at her industry, while urginginvestors to stay in the market for the long term. […]
Ofek Capital Corp. -OFCC- Reduces its Current Shares Outstanding by 8.25%
TORONTO–(BUSINESS WIRE)–April 30, 2003–Ofek Capital Corp. (Pink Sheets:OFCC) has cancelled and brought back to the treasury 2,735,000 of their issued and outstanding common shares. The returnrepresents approximately 8.25% of the Company’s capital stock. The Company notes this is a significant […]
CarParts Technologies Wins Three New Major Customers in Automotive Aftermarket
SAN JUAN CAPISTRANO, Calif.–(BUSINESS WIRE)–April 30, 2003– Appeal of Integrated Products vs. Single-Point Solutions Elevates Demand for CarParts Technologies’ Software Across Aftermarket CarParts Technologies Inc. (CPT), the leading provider of open, eCommerce and business automation software solutions for the automotive […]
Insevo Announces Merger with Taviz Technology; Company’s Suite of Products Simplifies Enterprise Integrations and Migrations
SAN MATEO, Calif.–(BUSINESS WIRE)–April 30, 2003–Taviz Technology, a leading provider of intelligent adapters for enterprise application integration and migration, and Insevo, Inc., the leadingprovider of J2EE Connector Architecture application integration solutions, announced today that they have combined the operations of […]
Venture Capital Investing in Raleigh, N.C.-Area Companies Hits Low
Apr. 30–Venture capital investing in Triangle companies fell during the first three months of 2003 to the lowest level in six years, providing a new answer to the question, “How bad is it?” It’s so bad that the $31.8 million […]
S&P Rates First European Hedge Fund
LONDON (HedgeWorld.com) – Pioneer Global Opportunities plc was the first European hedge fund to receive a rating from Standard & Poor’s and only the third hedge fund overall to be rated by theagency. Managed by Pioneer Alternative Investments, the fixed-income […]
Venture Capital Firm Linked to University of North Carolina Seeks Investors
Apr. 29–CHAPEL HILL, N.C.–A new venture-capital firm is aiming to amass between $20 million and $30 million to invest in fledgling companies based on technology developed at the University of NorthCarolina at Chapel Hill. Called Carolina Ventures, the new fund […]