TPG will be the new home of funds commitment professional Jennifer Morais. TPG would be joined by Jennifer Morais, a funds commitment professional. Prior to her employment at TPG, she worked at the Canada Pension and Investment Board.
Pension funds
Connecticut considers making USD125 million investment in Apollo VIII
Denise Nappier, Connecticut's state treasurer, is considering to make a USD125 million investment in Apollo Global Management's Fund VIII. Fund VIII has already raised more than its USD12 billion target.
Ontario Teachers' Pension Plan buys Burton's Biscuit Co.
Ontario Teachers' Pension Plan, Canada's largest single-profession pension plan, said it would be buying British Burton's Biscuit Co. for an unspecified amount from the Canadian Imperial Bank of Commerce and affiliates of Apollo Global Management.
Hedge funds find their way to invest in municipal debt market
Hedge funds are now entering the municipal debt market, finding a veritable gold mine in value but may provide more problems in the long run as to the temporary nature of the investments.
Top deals of the day - mergers & acquisitions
The following bids, mergers, acquisitions and disposals were reported on Monday. The following bids, mergers, acquisitions and disposals were reported on Monday.
Latest News
Guy Carpenter said the global pension fund industry has invested USD 10 billion worth of funds in insurance.
With a return of just 6.4% per year in traditional investment vehicles, a shortfall of 1.6%, many pension funds opt to invest in alternative options which promise higher returns.
According to Previ CIO, the goal of the investments is not diversification and not returns. The largest pension fund in Latin America, Banco do Brasil SA, would be investing in US and European stocks.
Former Blackstone Group unit Stonepeak Infrastructure Partners raised an oversubscribed fund totalling USD1.65 billion.
The National Credit Union Administration (NCUA) had filed complaints against Morgan Stanley and eight other financial institutions for selling faulty mortgage-backed securities.
Ontario Teachers Pension Plan and Hastings Funds Management refinanced their existing loan worth AUD 1.646 billion or USD 1.54 billion.
The experience of some Muslim dominated countries as to tapping Islamic pension funds for capitalization had reaped benefits.
The settlement paid out to investors for the collusion between Gen Re and AIG was already approved by US District Judge Deborah Batts.
AFL-CIO Equity Index Fund said that it reached USD4 billion financial milestone since its inception in 2011.
