Monthly Archives: August 2003

HEDGE fund guru George Soros will book a loss of more than 4m on his investment in self-storage group Safestore, snapped up by venture capitalist Bridgepoint for 40m. Soros, whose Real Estate Investors fund owns 25pc of loss-making Safestore, paid […]

Aug. 22–QUESTION: How much of my own money should I invest in my business? ANSWER: Several readers have asked whether there is a formula or some kind of rule of thumb by which business owners should abide in terms of […]

LLOYDS TSB Private Banking will open its first office in Glasgow next month. The bank, which this week rebranded and raised its minimum investment level from GBP 100,000 to GBP 250,000, is opening an “airport lounge” style banking suite on […]

A COCKTAIL of Beefeater Gin and Kahlua liqueur with Jack Daniel’s would be a potent combination indeed, so it was little wonder that it went straight to investors’ heads. There have been reports for weeks that Allied Domecq, the UK […]

THE BOOKER Prize has dropped plans to make American writers eligible for the award, and is instead pushing for a second prize, for international achievement. Provided the Booker’s advisory committeesucceeds in persuading its sponsors, the Man Group, to fund the […]

TOKYO, Aug. 22 (Kyodo) — The U.S. dollar hovered at the upper 117 yen level Friday morning in Tokyo as its recent falls made market players wary of intervention by Japanese monetary authorities. At noon, the dollar traded at 117.82-85 […]

Cerberian raises $3.35M in new venture capital Cerberian Inc., a Salt Lake City-based Internet content filtering solutions company, has raised $3.35 million in its latest venture capital round. The investments were led by vSpring Capital and also included first-time investments […]

LOUISVILLE, Ky.–(BUSINESS WIRE)–Aug. 21, 2003–One of the nation’s premier venture capital conferences is headed to Louisville, Kentucky. The Managing Director of Chrysalis Ventures, Kentucky’slargest venture capital firm, Bob Saunders states, “Chrysalis Ventures has sponsored the GMVCC for the past several […]

Britain’s fund management businesses have been hit by a spate of key players joining new firms in recent weeks in what recruiters say may be a sign that the fund job market is emerging from thedoldrums. Companies such as Schroders, […]

LOUISVILLE, Ky.–(BUSINESS WIRE)–Aug. 21, 2003–One of the nation’s premier venture capital conferences is headed to Louisville, Kentucky. The Managing Director of Chrysalis Ventures, Kentucky’slargest venture capital firm, Bob Saunders states, “Chrysalis Ventures has sponsored the GMVCC for the past several […]

Aug. 21–That the Bank of Thailand has received applications to invest US$2.5 billion in foreign-currency debt instruments is not surprising. The policy, to actually permit this, is a step in theright direction. The overwhelming response is a function of the […]

Aug. 21–Biolex, a company that makes medicines from pond scum, has attracted $24.4 million in venture capital — the largest amount of venture financing raised by a North Carolina company this year. Pittsboro-based Biolex has succeeded in identifying 15 different […]