High Alpha funding firms far and wide with $21M war chest
The Indianapolis-based venture studio and its investment arm have been looking beyond Indianapolis, making investments in out-of-town companies and forging a national reputation.
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Venture capital firm refuels with new $65 million fund
Chicago-based Hyde Park Venture Partners, which established an Indianapolis office in 2015, said it plans to invest the capital in about 75 companies over the next few years, mostly in the Midwest.
OneAmerica to dissolve mutual funds
OneAmerica Financial Partners Inc. is getting out of the mutual-fund-management business after 26 years—dissolving four funds with a total of more than half a billion dollars in assets.
Crowdfunding rules for smaller investors foil firms
New federal rules designed to make it easier for small investors to use crowdfunding have hardly gotten traction in Indiana.
Hogsett seeks to eliminate city pensions
Mayor Joe Hogsett wants to replace traditional pensions for future employees with a retirement option more like a private-sector 401(k) as a way to help erase the city’s multimillion-dollar deficit.
COAN: With stocks at record highs, what’s next for investors?
This might be a good time to identify the downside protection for your portfolio. Downside strategies can help investors protect against significant losses.
S&P 500, Dow, Nasdaq hit records together for first time since 1999
All three U.S. stock benchmarks rose together to record highs for the first time in 16 years on Thursday amid surprising earnings.
Judge rejects Durham’s bid to dismiss SEC civil suit
The Indianapolis financier convicted of operating a Ponzi scheme failed to persuade a federal judge to dismiss the government’s civil action against him and other convicted accomplices.
Prosecutor: No charges in Ball State investment scandal
Criminal investigations of former Ball State investment director Gale Prizevoits by federal prosecutors and the Indiana Secretary of State also produced no charges.
New venture firm Charmides off to blazing start
Charmides, one of the area’s newest venture capital funds—was launched in June 2015 by a 27-year-old basketball player from Carmel and his father.
First Internet Bancorp builds war chest for growth
The bank said it plans to use the $23 million it raised to fund organic growth, possible acquisitions and other corporate purposes.
With financial house in order, CNO branches into investments
The insurer started two new businesses that extend its reach into the investment world, paving the way for its salespeople to sell insurance, securities and advice.
Fed keeps rates steady but sees less risk to U.S. economy
The central bank gave no hint of when it might resume the rate hikes it began in December, when it raised its benchmark rate from a record low.
As Fed ends meeting, few expect much clarity on next hike
The Fed is expected to issue a statement that acknowledges the strengthening economy without providing much explanation about when the next rate hike might occur.
Stock maneuver helps Emmis avoid delisting from Nasdaq
Nasdaq said in a notice Monday that it informed Emmis Communications Corp. that the company was “now in compliance with all applicable requirements for continued listing on Nasdaq.”
Indiana Supreme Court disbars convicted fraudster Durham
Timothy Durham was convicted in 2012 for his role in a Ponzi scheme that defraud investors in Fair Finance Co. of more than $200 million. He is currently serving a 50-year federal prison sentence.
Bluebridge raises $3 million in VC, launches subsidiary
The Fishers-based company has pulled more venture capital from existing and new investors, part of which will fuel the growth of a new employee-engagement company.
Trump VP pick raises legal questions for some Wall Street donors
Since Mike Pence is the sitting Indiana governor, his selection may also raise complex legal questions for some Donald Trump supporters who've managed money for the state, including the private-equity execs Wilbur Ross, Stephen Feinberg, and Tom Barrack.
Hoosier companies land $26M in VC as activity heats up
Indiana had its most active venture investing quarter in 16 years, led by a mix of relatively new startups and young companies in expansion mode.
Dow Jones industrials close at a record high
The stock market hit another milestone as the Dow Jones industrial average closed at a record high on Tuesday, a day after the Standard & Poor's 500 index hit its own milestone.