Category Archives: HedgeCo News
International Assets Commences Foreign Exchange Trading
ALTAMONTE SPRINGS, Fla.–(BUSINESS WIRE)–Aug. 25, 2003–International Assets Holding Corp. (the “Company”) (Nasdaq:IAAC) today announced that it has recruited Carsten Hils who has over 16 years ofexperience in foreign exchange trading, with particular focus on the more illiquid and exotic markets. […]
University of Illinois Program Backs 19 Local Tech Startup Companies
Aug. 25–CHAMPAIGN, Ill.–Harry Arader has 18 months to prove himself. As vice president of operations for Urbana-based Nanodisc Inc., he’ll be trying to convince major drug companies that a clever biochemical technology developed at the University of Illinois can pave […]
The Orange County Register, Calif., Small Business Column
Aug. 25–QUESTION: Where are entrepreneurs getting seed-round funding now that venture capitalists have altered their investment risk profiles? ANSWER: Seed capital, also called early-round investments, from venture capitalists has always been rare. Especially now, VCs are seeking the relative safety […]
The Business Press, San Bernardino, Calif., Spotlight Column
Aug. 25–ENTREPRENEURS WANT ANGELS TO LEND THEIR WINGS: The relationship between entrepreneurs and those whose money they need is a delicate dance, say those close to the process, and the need forcash may dictate how much control a business owner […]
Peregrine Systems’ New Chief Executive Said to Be Aggressive, Abrasive
Aug. 24–If the past is prologue, as historians say, John Mutch wants everyone to know the future also can be shaped by lessons learned. Mutch, 47, took over last week as chief executive of Peregrine Systems, the San Diego software […]
Business & Media: Business focus: World markets: Hedge funds struggle to maintain their edge: The industry has matured since the Long-Term Capital Management fiasco, but some investors still pine for the old exuberance, says Ben Wootliff
AS EQUITY markets bounce back, hedge funds are being left behind. In the second quarter of 2003 hedge funds returned just 9 per cent, compared to 18 per cent from the average offshore equity fund.But hedge fund managers claim that […]
A classic tale of two cities; Saturday interview: ROSS LECKIE When Hollywood called, the Edinburgh fund management spinmeister was lost for words, finds Mark Williamson
WHEN the unwelcome ring of the telephone interrupted his bedtime preparations one night last August, Ross Leckie had no idea that his life less ordinary was about to take a distinctly unusual andrewarding turn. Leckie, one-time internee in Idi Amin’s […]
The Investment Column: Take a sober view of Allied Domecq
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 […]
Soros loses 4m on Safestore
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 […]
Lloyds to open private bank office in Glasgow
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 […]
Tokyo Stocks Fall Back in Morning
Tokyo, Aug. 22 (Jiji Press)–Stocks fell moderately on the Tokyo Stock Exchange Friday morning as players moved to reap profits from the market’s recent steep rally. “Hedge funds and many other players sold shares to cash in on their gains […]
Entrepreneur Column
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 […]