ARTICLE | Finance

Blech holdings put into fund

February 21, 1995 8:00 AM UTC

Schroder Ventures will manage the portfolio of a new fund, Biotechnology Investment Group LLC, formed by Citibank, David Blech and the Edward Blech Trust. The fund includes 20 securities.

Biotechnology Investment Group was formed to put the securities into a long-term holding in order to ease the perception of other investors that the Blech holdings, especially those of public companies, were overhanging the market, according to Jeffrey Collinson, a managing partner at Schroder who is managing the fund...