Ex-Pilgrim Baxter chief maintains mutal-fund vision; Paul J. Hondros is hoping to hold together executives he had brought to the Chesterbrook group

Article Abstract:

Pilgrim Baxter president Paul J. Hondros' vision of a new mutual fund group in Philadelphia area survives an across-the-board layoff. He plans to form a new mutual fund group by recruiting former Pilgrim Baxter board members. Hondros want to add Robert Wagner, who ran Pilgrim Baxtor's institutional unit, to the new group. Also on the list are three officials who were recently recruited by Pilgrim Baxtor from SEI.

Executive changes & profiles, Pilgrim, Baxter and Associates

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Teachers commit to Radnor fund

Article Abstract:

Radnor, Penn.-based Co-Investment 2000 Fund will receive a $135 million investment from the Pennsylvania teachers' pension system. The $53 billion Pennsylvania Public School Employees Retirement System is making a move into the high-risk, global venture capital markets with its investment in the private equity fund.

Investment Offices, Co-Investment 2000 Fund, Pennsylvania Public School Employees' Retirement System

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Financial service firm gets funding

Article Abstract:

Wilmington, Penn.-based Juniper Financial Services has received a $20 million investment from Menlo Park, Calif.-based Benchmark Capital Partners. Juniper, which is an online financial services company, will use the funds to provide a wide range of loan, deposit and investment services.

Venture Capital Companies, Miscellaneous Intermediation, Investors, not elsewhere classified, Juniper Financial Corp., Benchmark Capital Partners

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