Canada Pension Plan Investment Board and Onex Corp., the nation’s biggest buyout firm, seek a $1.6 billion buyout loan as part of a debt package to fund their buyout of Tomkins Plc, two people familiar with the situation told Bloomberg.
More than 200 asset owners have signed up.
Ted Chu has left Detroit-based US car giant General Motors to join the Abu Dhabi Investment Authority as its chief economist.
Bruce Malott, the chairman of New Mexico's educational pension fund, resigned after a disclosure that he borrowed $350,000 from the father of a man who shared in as much as $22 million in finder’s fees from state investments.
Alliance Boots has outsourced part of its pension plan by offloading about £300 million of retirement fund liabilities to Pension Corporation.
The company's growth in assets under management for its US clients reflects its effort to expand into human resources consulting worldwide.
A civil lawsuit against CalPERS alleges that placement agent Al Villalobos attempted to "bribe" Shahinian in 2007 by flying him via private jet to New York to attend a fund-raiser honoring Apollo Management LP founder Leon Black -- a month later, Shahinian recommended an investment in Apollo from CalPERS, the suit alleges.
In the firm's first "clawback," Blackstone executives returned $3 million in carried interest to investors in Blackstone Real Estate Partners International LP during the second quarter.
Unless lawmakers find a solution for the financially-strapped state to make its pension contributions this fiscal year, the $33.1 billion Illinois Teachers' Retirement System will be forced to sell investments to cover benefits.
As part of its latest bid to acquire new Australian assets, the Canada Pension Plan Investment Board says it is providing hundreds of millions of dollars in financing to a restructured Australian retail property fund.
ai5000's Joe Flood digs into the causes of the May 6th Flash Crash — when nearly 1000 points mysteriously disappeared from the market in a matter of minutes — and unearths internal analysis leaked from a Bank That Shall Not Be Named, surprising new data from the market research firm Nanex, and a first-time admission from the NYSE: that there were significant price reporting delays on May 6th, delays which contributed to the Crash.
Caisse says it was able to beat the average loss of Canadian pensions for the first half of 2010 by focusing on fixed income and alternative assets, while reducing holdings of stocks.
Mall owner Hammerson has sold more than half of its interest in the O'Parinor Shopping Centre near Paris to Korea's National Pension Service, freeing $278 million for planned investment.
The selection would mark the first time the China Investment Corp (CIC) picked a Chinese firm to manage money on its behalf.
Investors include Temasek Holdings, China Investment Corp, and Abu Dhabi Investment Authority.