Monthly Archives: August 2003

Why funds are facing the chop

TIDDLER investment funds, which do not generate as much profit as large ones, are in danger of being shut down to cut costs. New Star European Technology, formerly owned by Aberdeen, and Schroder EuroTech are two such minnows primed for […]

German Government OKs Hedge Funds

BERLIN (AP) – The German government approved a bill Wednesday that will allow hedge funds to be sold in the country starting next year, part of an effort to boost the nation’s investment fundindustry. Starting Jan. 1, hedge funds will […]

German Government OKs Hedge Funds

The German government approved a bill Wednesday that will allow hedge funds to be sold in the country starting next year, part of an effort to boost the nation’s investment fund industry. Starting Jan. 1, hedge funds will be allowed […]

Government approves bill opening hedge-fund market in Germany

BERLIN (AP) — The German government on Wednesday approved a bill that will allow hedge funds to be sold in the country for the first time starting next year, part of an effort to boost the Germaninvestment fund industry. From […]

Maximum Dynamics Announces Strategic Partnership

COLORADO SPRINGS, Colo., August 20, 2003 (PRIMEZONE) — Maximum Dynamics, Inc. (OTCBB:MXDY), a financial services company supporting the financial community with back office fund administration andclient side support, announced today that it has formed a strategic partnership with RHT Management […]

Lawsuit Against Cysive Dismissed

Cysive Inc. said yesterday that a judge has dismissed a shareholder class-action lawsuit that challenged a plan to sell the Reston software firm to its founder. The first of the shareholder lawsuits was filed briefly after the company announced on […]

Adam Dell’s MessageOne Maintains Email for 25 Companies During NE Power Outage and Blaster RPC Worm Crises

AUSTIN, Texas–(BUSINESS WIRE)–Aug. 19, 2003– Award-Winning Emergency Messaging System (EMS) Ensured Email For More Than 25,000 Employees The power may have gone out, but for more than 25,000 employees at 25 corporations the email was still going strong — thanks […]

Tokyo Stocks Upbeat on Wall St. Surge, Nikkei Briefly Tops 10,200

Tokyo, Aug. 19 (Jiji Press)–Stocks rose sharply on the Tokyo Stock Exchange Tuesday, as foreign investors accelerated buying following the Dow Jones industrial average’s surge to a fresh 14- monthhigh overnight. The key Nikkei average hit a high of 10,241.94 […]

Nikkei Average Rises above 10,200 on TSE in Morning

Tokyo, Aug. 19 (Jiji Press)–Stocks rose sharply almost across the board on the Tokyo Stock Exchange Tuesday morning, as foreign investors stepped up buying encouraged by the Dow Jones industrialaverage’s surge to a fresh 14-month high overnight. The key Nikkei […]

Dollar Retreats As Early Advance Stalls

NEW YORK (AP) – The dollar mostly retreated during New York trading Tuesday, declining against major rivals when an earlier advance failed to carry the greenback past key technical levels versus theeuro and yen. The euro had dipped to $1.1056, […]

Rinat Neuroscience Announces $40M in Funding; Leading Biotech Venture Firms Back Series B Round

PALO ALTO, Calif.–(BUSINESS WIRE)–Aug. 19, 2003–Rinat Neuroscience Corporation today announced that it has raised $40 million through a private placement of Series B Preferred Stock. The financing was led by MPM Capital with support from Schroder Ventures Life Sciences and […]

Rinat Neuroscience Announces $40M in Funding; Leading Biotech Venture Firms Back Series B Round

PALO ALTO, Calif.–(BUSINESS WIRE)–Aug. 19, 2003–Rinat Neuroscience Corporation today announced that it has raised $40 million through a private placement of Series B Preferred Stock. The financing was led by MPM Capital with support from Schroder Ventures Life Sciences and […]