Newsmakers

UK Pension Buy-Ins Reach Record £3 Billion

The combination of favorable market conditions and impending increased capital requirements for insurance firms has spurred a record £3 billion in UK pension buy-ins, KPMG reports.

Carlyle Group Aims to Sell RAC Equity

US private equity firm The Carlyle Group is seeking to sell up to £200 million ($326 million) of equity in RAC, the roadside rescue business it purchased from Aviva for £1 billion a month ago, The Sunday Telegraph has reported.

University of Texas Enjoys Robust Returns

The five endowment funds of the University of Texas -- which total more than $20 billion -- have enjoyed returns of about 20% for the 12 months ended June 30.

United Continental Begins Hefty Payback to PBGC

United Continental Holdings Inc., the parent of United Airlines, is set to begin making its first payment to the PBGC, repaying up to $500 million in eight equal installments of $62.5 million.