"Cautious investors cool to venture capital firms; Funds hit lowest level in 15 years" by Robert Weisman, Globe Staff | October 13, 2009
Venture capital fund-raising, the rocket fuel for the nation’s entrepreneurial economy, slid to its lowest level in 15 years in the third quarter, when just 17 venture firms raised $1.5 billion, according to data released yesterday by the Thomson Reuters research firm.
By comparison, 63 venture capital firms raised $8.5 billion in the third quarter of last year, while 27 firms raised $1.9 billion in the second quarter of this year, the firm’s data showed.
In Massachusetts, one of the US centers for venture capital and the high-tech start-ups they back, only two firms raised new funds in the three months ended Sept. 30. The two, Excel Venture Management of Boston and Longworth Venture Partners of Cambridge, pulled in a total of $147.5 million from investors.
Venture fund-raising activity in recent years reached a peak in the fourth quarter of 2007, when 86 firms raised $8.4 billion from investors, such as pension funds and university endowments. Since then, as the broader financial markets have weakened, those investors have become more cautious.
Yup, WALL STREET is BOOMING and yet PENSIONS REMAIN FLAT -- because THAT MONEY HAS been STOLEN and BURNED AWAY, America!
In other words, WASTED on some AGENDA-PUSHING SPECIAL INTEREST!
“This is part of the Darwinian environment we’re in,’’ said Mark G. Heesen, president of the National Venture Capital Association in Arlington, Va. “There are fewer venture capital funds being raised, so there will be fewer venture capital firms going forward.’’
Steve Gullans, managing director of Excel Venture Management:
“Life sciences is growing to be a much larger component of many industries,’’ he said. “Health care is already 16 or 17 percent of the US economy. With the life sciences platforms moving into other areas like biofuels, it’s only going to be getting larger.’’
So AT the BOTTOM the WHOLE AGENDA and the LOOT DERIVED FROM SUCH is going to the SAME INTERESTS, AmeriKa!
You have been LOOTED by CROOKS calling themselves "investors!"
Fund-raising has become more difficult in the past year because many investors found their portfolios were overallocated to “alternative’’ investments, such as venture capital, when the assets in their stock-market investments tumbled, Gullans said. That has made it harder for them to justify new investments in venture funds....
Translation: that money is GONE, America!
That is why your pensions are not retuning.
Some VEN CAP BURNED IT DOWN while PARTYING IT UP!!!!
Now that it has raised its money, however, Excel has found there is less competition for potential investments from rival venture capital firms whose funds have been depleted. “We’re seeing good opportunities now because there’s very little money available,’’ Gullans said....
That's because YOUR PENSIONS have been TAPPED DRY, America.
--more--"
Maybe you out to rethink investments and hols on to your money.
WASHINGTON - Hedge fund managers - a secretive, lightly regulated group portrayed by some as villains in last year’s financial meltdown - appear to have a new degree of clout on Capitol Hill in shaping legislation that will determine how they will be regulated.
Oh, so the INDUSTRY will WRITE the BILL, huh?
Related: Who REALLY Runs Washington
The Perils of One-Party Politics: Massachusetts' Democracy
It's the same everywhere, isn't it?
POLITICIANS WORK FOR BANKS, not you, Amurkn!
To gain that clout, industry leaders are using a congressman-turned-lobbyist, a major increase in campaign donations, and a strategy that relies heavily on advancing their own reform ideas, making them active players in the legislative process and perhaps staving off more rigorous regulation measures.
Few might have predicted such an outcome just months ago for the hedge fund industry, which has a major presence in Boston and whose future will be largely decided in key committee votes this week and next.
Well, we ALREADY KNEW BOSTON was the LOOTING CAPITAL of the region!
Hedge funds - which are open to wealthy individuals, pension funds, and other institutional investors and bet on everything from variations in oil prices to the likelihood of mortgage foreclosures - have been under political and financial pressure in recent years; about 1,000 out of 10,000 hedge funds shut down during the last year, in many cases due to poor returns and cash-outs by strained investors....
I'm glad I yanked all my retirement money out despite the tax penalties. The last thing I want is for some Wall Street looter to have his hands on it.
**************************
The oversight of hedge funds affects not only wealthy people who invest directly in them, but also tens of millions of average Americans who may not realize that their pension or mutual fund has a stake.
Related: Lying Looters Large and Small: Derived Debt
Boston is a major center both for hedge funds and their investors. Several hundred companies are involved in the business, and major investments are held by local institutions, such as pension funds and university endowments....
Related: Playing With the Mass. Pension Fund
And you were already giving banks tons of tax loot, Bay Stater.
It is impossible to say how large a role they played in last year’s financial meltdown because so little is known about many funds....
But this government needs spy power to crawl up your ass and read emails, they know all about the inner workings of Al-CIA-Duh," etc...
PFFFFFFFFFFTTTTTTT!!!!!!!!!
As they make their case to Congress, hedge fund representatives have dramatically increased their spending on lobbying, going from less than $1 million in 2006 to nearly $8 million in 2008, according to the Center for Responsive Politics.
And GUESS WHO THEY are BUYING OFF, stink liberals?
They also recently began contributing much more heavily to politicians, especially as Democrats took power in the White House and Capitol Hill. They nearly quadrupled their contributions from 2006 to 2008, to $16.8 million, the center said.
In the current 2010 election cycle, hedge fund officials have continued their historic tilt toward the Democrats, who received 71 percent of the $1.3 million in industry contributions.Oh, the PARTY of the LITTLE GUY?
That party NO LONGER EXISTS!
Many hedge fund managers are Democrats, including George Soros, who runs Soros Fund Management and has given millions of dollars to Democratic causes, including the liberal group MoveOn.org.
Oh, so GLOBALIST GEORGE is BEHIND MoveOn, huh?
Related: Globalist George Says Obama Should Have Acted Sooner
Soros Says....
9/11 Truth Traitor Exposed
NO WONDER the WARS NEVER ENDED!!!
--more--"
