Apr. 29–Young Florida companies raised $24.9 million from venture capital firms during the first quarter, with 80 percent of the money in two later-stage deals for companies in Pompano Beach andMelbourne. The first quarter total was nearly 20 percent higher […]

SAN FRANCISCO (AP) – Venture capitalists didn’t need another reason to avoid high-tech investments – but two major record labels have given them one anyway. Still seeking retribution for Napster’s online file-swapping system, industry giants Universal Music and EMI are […]

Biotech companies looking, to survive from early stages through the conclusion of clinical trials will find it harder am ever to secure venture capital over the next several months, speakers agreedat a recent industry conference. Keith L. Brownlie, leader of […]

TORONTO (HedgeWorld.com) – The Tremont Capital Opportunity Trust’s initial closing totaled C$40 million (US$27.6 million), as the units became listed on the Toronto Stock Exchange, according toTremont Investment Management. Units of the fund are listed under the trading symbol “TT.UN” […]

WASHINGTON (HedgeWorld.com) – NASD announced that it has censured and fined Altegris Investments Inc., La Jolla, Calif., US$175,000 for marketing hedge funds to investors without fully explaining theassociated risks. Alternatives investment consultant Altegris consented to these actions but neither admitted […]

Apr. 23–Massachusetts Treasurer Timothy Cahill, who swept into office in January pledging to reverse the disappointing 2002 performance of the state’s $25 billion pension fund, had some dismalnumbers of his own in Norfolk County last year. In 2002, the Norfolk […]

LONDON (HedgeWorld.com) – Capital & Marketing International Ltd., a capital markets adviser, hired Alexander Troullier to fill a newly created vice president’s post aimed at building C&M’shedge fund and real estate marketing unit. C&M was founded seven years ago by […]

From Lauren Chambliss in New York EXECUTIVE churn at George Soros’ $11.5 billion (pounds 7.3 billion) hedge fund empire suggests the trend-setting fund remains in flux since the 72-year-old founder and investing legend retired from active management two years ago. […]

ZURICH, Switzerland (HedgeWorld.com) – Citco Bank will boost the scope of its hedge fund seminars, adding classes in Europe. Citco has been offering what it calls the Citco Hedge Fund Academy for about two years, in partnership with hedge fund […]

TOKYO, April 24 (Kyodo) — By: Mutsuo Fukushima The U.S. dollar skidded against the yen Thursday in Tokyo as traders were disheartened at a slew of dollar-bearish news and the rumored bankruptcy of a U.S. hedge fund. At 5 p.m., […]

Apr. 17–More money is now managed in St James’s in London’s West End than in Germany’s leading financial centre Frankfurt, according to the Economist magazine. It says the exclusive Mayfair enclave is now home to almost 100 hedge funds — […]

MORE money is now managed in St James’s in London’s West End than in Germany’s leading financial centre Frankfur t, according to the Economist magazine, writes James Mclean. It says the exclusive Mayfair enclave is now home to almost 100 […]