(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
Financial giant Goldman Sachs has been sued by a $5.8 billion union pension plan over its alleged use of TARP and FDIC-backed funds to pay executive bonuses.
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.
The Cooper Review, releasing an interim report, suggests that greater trustee skill and levels of governance should be instituted in the island nation’s pension sector.
According to the latest Global Private Equity Barometer from Coller Capital, 75% of Asian and European private equity investors were unsatisfied, while the same percentage of North Americans were satisfied.
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.
The SEC has asked the nation’s largest public pension fund whether two former officials had any contact with an alternative investment manager convicted of paying officials for access to funds.
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.
Despite recent controversy over e-mails and a conference that is likely to lead to little in hard results, there is growing evidence that institutional investors increasingly are investing with global warming in mind.