April 7, 1998 - Blumberg plans to increase capital without going public
Miami Herald (PDF)
Philip Blumberg, chief of American Ventures Corp., is bucking the trend. Instead of selling to a Real Estate Investment Trust, as other high-profile locals have done recently, he is launching two new private investment funds. The idea: increase capitalization without risking the daily vagaries of Wall Street.
Blumberg created his first fund for institutional [...]
