Archive for February 23rd, 2007
Redknee hits their AIM
23 February 2007This just out, and on time. Looks like the pre-money value was C$115 million, and the deal was priced at a sub 3x revenue multiple (which is fabulous):
“Redknee Solutions Inc.
Placing of 16,700,000 Common Shares at a price of 105p per share and Admission to trading on AIM
The board of Redknee Solutions Inc. (“Redknee” or [...]
US says no to more Hedge Fund regs
23 February 2007The news that the U.S. government will not regulate hedge funds may come as a surprise to many media observers, but the writing was always on the wall once former Goldman Sachs CEO Hank Paulson was appointed Secretary of the U.S. Treasury.
“…the administration, in an agreement it reached with the independent regulatory agencies, announced [...]
PM Tony Blair goes wobbly
23 February 2007Fridays are always perfect for a bit of reflection, but oh how I wish that the British Prime Minister wasn’t allowing his Iraqi campaign to influence his judgment on the “Iran issue”.
Running a fund is not at all like running a government, of course, but I spent five years in Ottawa with former Prime Minister [...]