(December 23, 2009) – Europe’s Candover has agreed to close its nearly $5 billion buyout fund, a fall from grace for this once mighty private equity house. The firm confirmed late last week that its five year investment window
Not for the first time in 2009, Abu Dhabi—the federal seat of government for the United Arab Emirates—has been forced to step in and provide an injection of funds for a debt-ridden Dubai.
Dubai World plans to sell assets for cash, but the government continues to maintain that it has no financial responsibility for the sovereign wealth arm that it created to fund the city’s growth.
A CBI/Watson Wyatt study also shows that corporate profits are more often than not hurt by the pension costs associated with defined benefit systems.
Having taken a deal hiatus, the British pension buyout firm looks to reenter a market apparently on the mend following near-silence in the first half of the year.
The California pension behemoth is giving less cash to private equity funds, and is demanding that current general partners reduce management fees.
After a disastrous 2008, the fund—which has replaced both its CEO and CIO since April—will issue up to $8 billion in bonds.
Funds from across the globe gathered in Singapore alongside world leaders to express their concerns over protectionism—and to promote the idea of sovereign wealth funds as long-term, stable investors.
Despite few actual deals being completed, U.K. pension schemes are increasingly interested in insuring against retirees outliving actuarial predictions, a new study shows.
Following large profit increase—not the least of which was seen in its insurance units—Berkshire has made an “all in” bet on the American economy with its purchase of Burlington Northern Santa Fe railroad.
With a neutral last 12 months, the Penn endowment has done what others couldn’t—it has maintained its capital base.
With a hostile bid for highway owner Transurban Group, Canada’s CPPIB and Ontario Teachers’ continue their direct investments in foreign assets.
The Government Pension Fund gained 18% in Q3 while at the same time reducing its reliance on external managers.