Category Archives: HedgeCo News

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 […]

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 […]

Venturi Technology Partners Announces Vendor Management Contract Renewal with the State of Georgia

CHARLOTTE, N.C.–(BUSINESS WIRE)–Aug. 19, 2003–Venturi Technology Partners today announced the renewal of its vendor management contract with the State of Georgia for an additional one-year term.Under this contract, Venturi Technology Partners manages the procurement of temporary information technology workers for […]

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 […]

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, […]

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 […]

Strict Enforcement of Eligibility Rules May Cost High-Techs, Biotechs Grants

Aug. 19–A decision by federal officials to impose a strict interpretation on eligibility requirements for a key federal grant program could cost high-technology and biotechnology startups hundredsof millions of dollars in funding. The Small Business Innovation Research program, known as […]

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 […]

HNC Software’s Former Boss Named CEO of San Diego’s Peregrine Systems

Aug. 19–Gary Greenfield, who took over as Peregrine Systems’ chief executive amid a financial scandal last year, was replaced yesterday by John Mutch, a Peregrine board member and former CEO at HNCSoftware. The change was one more sign that a […]

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 […]

Richmond, Va., Financial Adviser Helps Clients Simplify

Aug. 19–When Michael Joyce was 13, he inherited $300 from his uncle. By the time he went to college — the first in his family — he had invested the funds and doubled his money. Joyce has been interested in […]