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Financial News
Kiids for pensioners – the latest proposal from the EU - Financial News
Jung-Duk Lichtenberger, an official close to the current drafting of revisions to the EU's main pensions directive, known as IORP, told a Brussels conference last month: “We are seriously considering introducing a Kiid document for pensions.
Investindustrial motors ahead with 3X Ducati return - Financial News
Italian buyout firm Investindustrial has made a three-times return on its sale of motorbike maker Ducati, which it sold yesterday to car maker Audi for about $1.1bn, according to a person close to the situation. Investindustrial first acquired a stake ...
Investindustrial motors ahead with 3X Ducati return - Financial News
Italian buyout firm Investindustrial has made a three-times return on its sale of motorbike maker Ducati, which it sold yesterday to car maker Audi for about $1.1bn, according to a person close to the situation. Investindustrial first acquired a stake ...
Engines grind to a standstill as aviation deals fail to take off - Financial News
GIP declined to comment, however a person close to the firm said that active management was “at the core of how we approach any investment decision”. The firm held a first close of $3bn on its second fund in December.
Can Legg Mason bounce back? - Financial News
One theory posed by someone speaking off the record is that the money in this fund is largely employee money - explaining Miller's determination to stick with it. Chief executive Jim Hirschmann and chief investment officer Steve Walsh have told this ...
Buffett feasts on Goldman scraps - Financial News
To be sure, the losses on the loan sales made up a small portion of Goldman's overall performance, and some of its trades were profitable over the course of 2011, according to people familiar with the matter. The loan desk also used hedges to offset ...
Fund managers risk going unheard in regulatory dialogue - Financial News
The most recent was a claim by one fund manager, speaking off the record, that the initial wording of the proposed market abuse regulation's rules on inside information “would effectively kill off any dialogue between companies and investors”.
Fund managers risk going unheard in regulatory dialogue - Financial News
The most recent was a claim by one fund manager, speaking off the record, that the initial wording of the proposed market abuse regulation's rules on inside information “would effectively kill off any dialogue between companies and investors”.
Terra Firma nears end of fund with Garden Centre deal - Financial News
The firm's latest buyout fund, which raised £5.4bn in 2007, is now 85% invested, according to a person close to the situation. Firms typically hold some capital back to invest in portfolio companies. It is normal for firms to begin raising a new fund ...
Cloud cover masks appetite for technology - Financial News
One said it was not permitted to share information regarding its cloud activities and another, who asked not to be named, raised concerns over the functionality of cloud applications: “Cloud computing-supported applications and services tend to be ...
Invesco plans European CLO sale - Financial News
The US-based investment manager is exploring options to divest some of its European CLOs and is shifting its focus towards its US dollar-denominated vehicles, according to a person familiar with the matter. Despite a dearth of new CLO vehicles being ...
Arle poised for two deals in a day - Financial News
The deal was financed using cash reserves from DX Group's balance sheet, after the company bolstered its financial position after refinancing in April 2010, a person close to the firm said. Mark Dickinson, a partner at Arle Capital Partners, ...
MF Global still set to pay bonuses - Financial News
The payments could vary in size depending on progress with the estate and likely would be paid in batches throughout 2012, a person familiar with the matter said. The total payouts are expected to be smaller than bonuses received by the same executives ...
Cinven moves to Guernsey tax haven - Financial News
A source close to the firm said the move by the pan-European buyout firm “brings it into line with its main competitors”. Cinven declined to comment. Cinven, where Hugh Langmuir is managing partner, is changing from a limited company into a UK-based ...
Regulators scrutinise ties with exchanges - Financial News
US regulators have launched an inquiry into the ties between stock exchanges and certain electronic-trading firms, according to people familiar with the matter. Aspects of the probe, which is in its early stages, came to light in a regulatory filing ...
Investigators probe cash moves at MF Global - Financial News
On the morning of October 28, according to people familiar with the matter, O'Brien received a call from Corzine, who asked her to resolve a problem: the firm's bank account at JP Morgan Chase in London had run out of money, creating an overdraft.
Advent targets €7bn fund - Financial News
The Boston and London-based firm is looking to better the €6.6bn of funds it raised in 2008, according to a person close to the situation. The firm is talking to investors and will formally launch the vehicle next month, the person added.
LME expected to delay new fee system - Financial News
The London Metal Exchange is expected to delay the implementation of its new fees system by several months following opposition from several of its members to the proposals, people familiar with the matter told Dow Jones Newswires on Wednesday.
Bank says traders manipulated key rate - Financial News
Terry Farr, an employee of RP Martin, also is under investigation, according to people familiar with the matter. Representatives of ICAP and RP Martin declined to comment. ICAP disclosed last year it had received requests "from some government ...
Alliance Trust close to exiting private equity - Financial News
According to a person close to the situation, Alliance, one of the UK's largest-listed investment trusts, sold its remaining interests in the UK mid-market managers August Equity and Silverfleet Capital shortly before Christmas while the sale of its ...
A $9bn jackpot for Facebook investor - Financial News
He has since reduced his stake, selling shares in private transactions to buyers including private equity firm Elevation Partners, said a person familiar with the matter. Thiel's current stake in Facebook is unclear. Facebook is close to picking Morgan ...
Russia keeps the bankers guessing - Financial News
One banker, who declined to be named, said: “The deals are obviously much more politically driven, and subject to the vagaries of the politicians. You definitely go in with idea that none of the deals are going to be easy.
Actis promotes three to partner - Financial News
With no firm offers forthcoming from third parties, Actis's management was widely considered to be in the best position to make an offer for the stake, a person close to the bid process told Private Equity News previously. However negotiations have not ...
Seven at prominent investment funds face insider charges - Financial News
Horvath and Kuo were part of such an information sharing circle along with Adondakis and Tortora, and Neuberger Berman analyst Fayad Abbasi, according to a person familiar with the matter. Goyal worked with Abbasi, a person familiar with the matter ...
Cinven lines up £430m buyout financing - Financial News
The deal is expected to be signed later today, a person close to the matter said. Despite initial press reports estimating a £700m valuation, ICG had received two pre-emptive approaches for CPA Global above £800m, according to the person. ...