"But it's being part of New York that makes us commit our time and capital."

Investing is to commit money or capital in order to gain a financial return.

Supporters of the system argue that having many participants committing capital makes the market stronger and better for investors.

In fact, even professionals who invest money for a living seemed reluctant to commit capital to the stock market as the fourth quarter began.

The Company generally does not commit capital to merchant banking transactions.

"We won't commit capital to them now," he added.

For now, though, many investors remain reluctant to commit capital to companies that will not show a profit for a long time, if ever.

In 2012 HealthCap had committed capital exceeding € 900 million.

Commit capital, but not very much, and keep it at risk for only a few days, recouping the money through fees charged the acquired company.

Since October, they point out, American firms have been much more conservative - less willing to commit capital and offer extra service for their clients.