California Teachers' Pension Mulls Co-Investment Expansion
The roughly $306.7 billion pension system could save millions of dollars in fees and incentive payments by expanding its co-investment program to a fifth of all private-equity commitments, the system’s private-equity investment leaders said in a recent public presentation to pension trustees.
Nasdaq to Spin Out Market for Pre-IPO Shares
The deal could help drive more transactions to Nasdaq Private Market, the exchange operator’s trading platform for shares of companies that haven’t yet had an IPO.
UBS Profit Jumps on Wealth Management Boom
UBS posted better-than-expected second-quarter earnings from strong client activity in the world’s buoyant markets.
Car Owners Return to Highways, and Their Insurers Pick Up Tab for Accidents
A pandemic-related windfall for car insurers is diminishing, as millions of vehicle owners are back on the nation’s roads again.
GHO Capital Closes Third Healthcare Fund at Over $2.36 Billion
The London firm collected the fund in less than four months.
Apollo in Talks to Join Consortium for Morrisons Offer
Apollo Global Management is in talks with SoftBank to form part of the consortium bidding for the U.K.’s Morrison Supermarkets, ruling out a rival offer.
Financial Services Roundup: Market Talk
The latest Market Talks covering Financial Services
Biden to Tap Former Hill Aide for Top Treasury Post Overseeing Financial Rules
Graham Steele, a former aide to Sen. Sherrod Brown, is a proponent of treating climate change as a systemic risk to the financial system.
Vietnam Tells U.S. It Won't Weaken Currency to Boost Exports
The State Bank of Vietnam has agreed to improve the flexibility of its exchange rate, part of an agreement with the U.S. Treasury to resolve tensions over Vietnam’s widening trade surplus.
ANZ Plans Up to $1.1 Billion Share Buyback
Australia & New Zealand Banking Group Ltd. said it plans to buy back shares worth up to $1.1 billion, starting next month.
(END) Dow Jones Newswires
July 20, 2021 11:15 ET (15:15 GMT)
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