HargreavesLansdown fund launch

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Hargreaves Lansdown is teaming up with venture capital group ProVen to offer retail access to a vent...

Hargreaves Lansdown is teaming up with venture capital group ProVen to offer retail access to a venture capital fund in late September. The fund, Global Rights II, will be structured as a limited partnership. It will provide backing for unquoted companies that generate, own and exploit intellectual property rights in the media, entertainment, information, communication and leisure industries. Gordon Power, chief executive at ProVen, who runs the new fund's predecessor ­ Global Right ­ will be the investment manager with assistants in London and the US. ProVen will be involved in the mana...

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