Investors mull short-term returns as VC funds dry up

The venture capitalist (VC) funds that assist major acquisitions have started to dry up and will now be directed towards investment activities with short-term returns, according to industry figures.

The speculation followed recent activity in the market that has pointed to a slow down in acquisitions, including Oval's move to put all acquisitions on hold for the summer and reports that Towergate chairman Peter Cullum had broken off talks to sell a stake of approximately 25% to private equity firm