Monthly Archives: May 2003

MILAN, Italy (HedgeWorld.com) – The first hedge fund of funds to be offered at a lower investment minimum in Italy was launched on May 19 by Zenit Alternative Investments SGR, which hired BucephaleGroup as investment adviser. Zenit will launch a […]

May 20–SPS Commerce, a St. Paul company that helps retailers and distributors do business with small suppliers via the Web, said Monday that venture capitalists were giving it $18 million to expandand acquire competitors. The financing from eight venture capital […]

KALAMAZOO – National City Corp. has joined the campaign to keep exPharmacia employees in Michigan. The bank has rounded up eight members of its national network of venture capital funds to create a multi-million dollar pool of capital for former […]

Venture capital investment for the first quarter here looks pretty decent to some tech mavens, despite the fact that Illinois lags substantially behind other regions of country. Illinois companies only attracted 3.2 percent of the total investment pie, according to […]

NEW YORK (HedgeWorld.com) – Key Asset Management has formed a strategic alliance with New York-based manager Papamarkou Asset Management, which provides investments services to high-net-worthindividuals and families, endowments and foundations, pension funds and trusts. At the same time, Key Asset […]

iLumin Software Services, Inc., today announced it completed its Series A round of financing with an investment from Wachovia Strategic Ventures. Other Series A investors include DB Capital Venture Partners, MidOcean Partners, Rock Creek Capital and Softbank. The investment amount […]

TORONTO–(BUSINESS WIRE)–May 19, 2003–Committed to significantly increasing shareholder value, Ofek Capital Corp. (Pink Sheets:OFCC) announces it has retained TheStockbroker.com, Inc. to provide afull range of investor relations services to the Company. TheStockbroker.com will commence and maintain proactive programs aimed at […]

BOSTON and LONDON–(BUSINESS WIRE)–May 19, 2003– Yury Parad, a 30-year Veteran of the IT Industry Brings Experience as a Software Executive, Systems Integrator and Venture Capitalist Extraprise(R), the internationally recognized Customer Relationship Management (CRM) consulting firm, today announced that its […]

CAMBRIDGE, Mass.–(BUSINESS WIRE)–May 19, 2003–Nexaweb Technologies Inc. today announced that it completed its first round of institutional financing from Boston-based venture firms Egan-ManagedCapital, Masthead Venture Partners, and Velocity Partners. Nexaweb has created a breakthrough application platform that enables the delivery […]

CONSHOHOCKEN, Pa.–(BUSINESS WIRE)–May 19, 2003–Gartmore Global Investments (GGI) today announced that J. Chris Meyer has joined the firm as senior vice president, marketing, reporting to Wilson”Bill” Santos, executive vice president, distribution. Meyer, a seventeen-year veteran in the financial services industry, […]

The venture capital fund that helped spark Richmond’s best-known Internet-economy busts is going out of business. Monument Capital Partners, once considered an answer to the area’s dearth of cash for technology startups, does not plan to invest in any more […]

W ITH equities only just recovering, cash-generative businesses – pubs, fitness centres, real estate and retail chains – are in play to venture capital firms, which can borrow money cheaply andpotentially offer huge returns. It’s why the euros 5 billion […]