Cincinnati-based Fort Washington Investment Advisors Inc. has been selected by the state of Utah as adviser for the Utah Capital Investment Corp.'s anticipated $100 million Utah Fund of Funds.
The Fund of Funds has been established to help increase the capital available for Utah entrepreneurs, as well as to provide assistance for Utah companies in all stages of business development.
Fort Washington said it will open an office in Salt Lake City that will be managed by an investment professional.
The fund, a state-sponsored private-equity initiative, will make commitments to venture funds that agree to demonstrate a commitment to the state by establishing a presence in Utah and seriously considering investing in Utah-based companies as part of their investment strategy.
Consumer confidence
A better hiring outlook and lower gas prices pushed a measure of U.S. consumer confidence to its highest level in four and a half years.
5th iPhone app
Clayton Ward, a 10th-grader from West Jordan,has created five apps for the Apple operating systems.
poorer people charitable
A 2009 study showed the poor give a higher percentage of their income to charity than rich people.
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