Calpers Votes to Split Goldman Sachs Chairman, CEO Roles Held by Blankfein The California Public Employees Retirement System, the largest U.S. public pension fund, voted to split the roles of chairman and chief executive officer currently held by Lloyd Blankfein at Goldman Sachs Group Inc.
Berkshire’s Munger Says Insurance Prices May Continue Decline in Recovery Berkshire Hathaway Inc.’s Charles Munger, who has helped Chairman Warren Buffett reduce the firm’s reliance on insurance sales, said declines in policy prices may continue, even as the economy shows signs of recovery.
Blackstone Said in Talks to Buy Fidelity National Information Services Blackstone Group LP, the world’s biggest private-equity company, TPG Capital and Thomas H. Lee Partners LP are in talks to buy Fidelity National Information Services Inc. in what would be the largest leveraged buyout in almost three years, according to two people with knowledge of the situation.
Numericable Investors Carlyle, Cinven Don’t Plan Near-Term Exit, CEO Says France’s largest cable operator Numericable SAS’s owners, private-equity firms Cinven Ltd, The Carlyle Group and Altice, have no plans for an exit in the near future, the company’s chief executive officer said.
Dow’s Selloff Sparks Biggest Trading Day for Vanguard Retail Investors Retail investors turned the Dow Jones Industrial Average’s 348-point plunge today into the biggest trading day of the year at Vanguard Group Inc., the largest U.S. provider of stock and bond mutual funds.
Brazilian Hedge Funds Lure $1.9 Billion in April as Investments Erase Loss Brazilian investors poured 3.4 billion reais ($1.9 billion) into hedge funds last month, the most since December, as their investments funds rebounded from the first monthly loss in a year in January.
AIG May Benefit from Rebound in Private Equity, Hedge Fund Investments American International Group Inc., the insurer that posted a $1 billion writedown from hedge funds and private equity investments in the first quarter of last year, may have benefited from a rebound in the holdings.
Schwab Agrees to Pay $35 Million More to Settle Suit Over YieldPlus Fund Charles Schwab Corp. said it agreed to pay an additional $35 million to settle claims that the online brokerage misled investors who owned its Schwab YieldPlus Fund.
Bund Yield Set to Drop to Record 2.5% on ECB Stimulus Plans, Fidelity Says Germany’s 10-year bund yield may fall to an unprecedented 2.5 percent by year-end as Greece’s debt crisis undermines Europe’s economic recovery, Fidelity International said.
Jobs Bill Likely to Include Tax on Buyout Managers, Senator Levin Says An increased tax on executives at private equity firms and hedge funds will probably be included in legislation extending jobless benefits and a package of tax cuts, the U.S. House’s top tax-writer said.
Goldman Sachs’s Gupta Did Business For Years With Galleon’s Raj Rajaratnam Rajat Gupta, the Goldman Sachs Group Inc. director who is being investigated by U.S. authorities over his links to Galleon Group LLC founder Raj Rajaratnam, had a long-standing business relationship with the billionaire hedge fund manager.