Rothschild completes downsized fund

Rothschild Asset Management Ltd. has closed its new fund, International Biotechnology Trust plc, raising $56.6 million of the $155 million it had hoped to gather. But, for a change, the disappointment wasn't related to biotech.

"The real story was not a biotech story but an investment trust story," Rothschild Managing Director Jeremy Curnock Cook told BioCentury. "In the first quarter of 1994 there were