The investment was led by Tata Group, which committed up to $5 million, with the balance of the investment provided by SanDisk and angel investors, primarily from South Africa, the US and India. Ramot chairman Dr. Giora Yaron, who is also chairman of the Tel Aviv University executive council said, “Direct work with major corporations will allow Tel Aviv University to provide innovative solutions to the real needs of industry and thus ensure the commercial potential of researchers.”
Definition of ‘Momentum Fund‘
Investment funds that invest in companies based on current trends in such things as earnings or price movement. The portfolio manager will look for companies that have been trending in a certain direction (e.g. a series of extremely positive earnings releases or upward price momentum in the short term). The manager will then take positions in the same direction as the trend and attempt to ride the wave and sell once it has peaked.
These funds are also known as “momo funds”.
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Published by Globes [online], Israel business news – www.globes-online.com – on November 25, 2013