Monthly Archives: May 2003
Panacya Selected to Present at MAVA Capital Connection 2003
COLUMBIA, Md.–(BUSINESS WIRE)–May 13, 2003– Chairman and CEO Jeb Connor to Discuss Award-Winning e-Business Management Software Firm’s Growth Plans at Region’s Most Prestigious Venture Fair Reinforcing its standing as one of the region’s most successful early stage high technology firms, […]
Maryland Program Teaches Students the Rigors of Small-Business Planning
May 13–It’s not always the thought that counts. At a recent business plan competition at the University of Maryland College Park, young engineers and would-be chief executive officers vying for a piece of a $50,000 pot pushed everything from super-safe […]
North Carolina Biotech Center Invests in Startup Fund
May 13–A Triad seed-stage investment fund is one step nearer to closing another round with a recent investment from the N.C. Biotechnology Center. The center, based in Research Triangle Park, has pledged $15,000 to the Inception Micro Angel Fund LLC, […]
SEC Considers Putting Hedge Funds under Restrictions Similar to Mutual Funds
May 13–Investors who have been hurt by the stock market have searched for anything that has been making money during the last three years. For some, the answer has been hedge funds — high-risk,largely unregulated investment pools. Indeed, hedge funds […]
Electronic Trading Systems Link For Direct Access to NYSE
NEW YORK (HedgeWorld.com) – FutureTrade Technologies is adding access to the New York Stock Exchange floor brokerage services through a strategic partnership with JNK Securities, an institutionaldirect access NYSE member firm. The partnership with JNK will enhance the listed execution […]
Venture funding drying up for start-ups
Venture funding for network start-ups hit a five-year low in the first quarter, as investors remained cautious in light of a continued industry malaise, concerns over the war in Iraq and the U.S.economy. Venture capital firms put just more than […]
Westly Calls for Increased Disclosure and Transparency for Hedge Funds
SACRAMENTO, Calif.–(BUSINESS WIRE)–May 12, 2003–State Controller Steve Westly today called on the federal Securities and Exchange Commission to provide reasonable safeguards for the rapidlygrowing and largely unregulated hedge fund industry. “The proliferation and increasing availability of hedge funds in recent […]
Advent Markets Hedge Fund Software Package
SAN FRANCISCO (HedgeWorld.com) – Aiming for the top spot among hedge fund software providers, Advent Software Inc. is marketing its hedge fund technology as a package made up of the many pieces ofits technology arsenal. Even as the firm officially […]
Hedge Fund Portfolio Shrinks at PXRE
HAMILTON, Bermuda (HedgeWorld.com) – Reinsurance company PXRE Group Ltd. reduced its hedge fund portfolio by US$4.2 million in the first quarter of this year. The net reduction came amid a quarterly period when its hedge funds returned 8.2% on an […]
Big bucks, no ideas for biotech
GOVERNMENT-BACKED groups are proposing to invest up to $225 million in New Zealand’s fledgling biotechnology sector. But there are doubts whether there’s enough Kiwi biotech projects worthy of suchinvestment. South Island entrepreneur Howard Paterson’s biotech venture capital firm Quest VC […]
U.S., UK Hedge Funds in Dock over Investor Strategy
May 11–United States and British securities regulators will meet leaders of the hedge fund industry this week to express growing concerns that the lightly-regulated sector could be luring lesssophisticated investors. Dozens of top managers, including Soros Fund Management and Carlyle […]
Promina’s public offer due tomorrow
INSURER Promina will announce the final price tomorrow for its initial public offer for which the institutional book build closed last night amid speculation the issue had been targeted by hedgefunds. Promina, which is made up of the Australian and […]