Wicks Business Info. merges Asset Alternatives & VenutreOne units.Wicks Business Information (Fairfield, CT) is merging its VentureOne (San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden , CA) unit with its Asset Alternatives (Wellesley, MA) division. The two units both provide news and information on venture capital and private equity. The new company will be called Asset Investor and will be located in San Francisco. Wicks said the new entity will "examine opportunities" in various asset classes, including hedge funds hedge fund, in finance, a highly speculative, largely unregulated investment device. Originating in the 1950s, the funds "hedge" by offsetting "short" positions (borrowing a security and then selling it at a higher price before repaying the lender) against "long" , real estate, managed futures Managed Futures In the context of hedge funds, a style of management that focuses on short-term trading in the futures market. and the oil and gas markets. Al vice president James Beecher said that it was "impossible to overstate the importance of diversification Diversification A risk management technique that mixes a wide variety of investments within a portfolio. It is designed to minimize the impact of any one security on overall portfolio performance. Notes: Diversification is possibly the greatest way to reduce the risk. for institutional investors Institutional Investor A non-bank person or organization that trades securities in large enough share quantities or dollar amounts that they qualify for preferential treatment and lower commissions. , both across asset classes and between the public and private markets. We want to position Al to serve private investors in every category." Beecher said that combining the companies "allows us to....expand our research and editorial covering into new sectors of the market." Asset Alternatives publishes five newsletters, including flagship The Private Equity Analyst, and produces a series of conferences, research reports, directories and online resources. VentureOne's main product is VentureSource, an Internet database of financial and valuation information on. start-ups and investors worldwide. |
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