The UK NEST gave Legal and General Investment Management mandate over real estate asset allocation. The United Kingdom's National Employment Savings Trust or NEST deployed a scheme involving a 20% member asset allocation to a real estate fund.
Investors
Online coupon site Retailmenot expects to earn up to US$200 million in IPO
Online coupon site Retailmenot expected to raise about US$200 million in an initial public offering.
Standard & Poor cuts SoftBank to 'junk' grade, shares plunge
Standard & Poor downgraded SoftBank because of the financial risks it took in buying Sprint. Standard & Poor cut SoftBank Corp's debt rating to two levels to "junk" status.
Virgin Completes Partial Purchase of Tigerair
Virgin completes purchase of Tigerair's 60 percent stake naming chief executive John Borghetti chairman.
CORRECTED: Global consulting firm Accenture leads Predixion fundraiser
Predixion raised US$20 million worth of Series C investments. (CORRECTION: Description of Accenture was changed from BPO powerhouse to Global consulting powerhouse.
Latest News
Blackstone Group LP would expand its business by lending US$5 billion worth of distressed houses to landlords.
Japanese manufacturer is considering 100 billion yen share offering, the first in 32 years. Japanese manufacturer Olympus Corp is reflecting on releasing up to US$991 million (JPY100 billion) of new shares to finance the study of its endoscope business as well as further its medical business into developing nations.
Michael Dell's offer was backed by the Institutional Shareholders Services. Dell Inc announced today that proxy investment advisory firm ISS recommended the US$24.
The Philippines NEDA Director said that the administration will be easing its restrictions on foreign investments.
Investors from France are cutting back on investments due to fears of high interest and foreign competition.
Vue Entertainment sells bonds for LBO funding The cinema operator Vue Entertainment Ltd. planned to sell bonds on a meeting with investors. The proceeds of this bond sale would be used to fund the company's leveraged buyout.
BAIC Group revealed they plan to expand inside China and in Europe. BAIC Group, the Chinese partner of Daimler AG and Hyundai Motor Co, plans to acquire one or two domestic automakers this year, in a statement released by its chairman, Xu Heyi.
Fiat announced today that it will increase its stake on RCS Mediagroup. Fiat's chief executive officer Sergio Marchionne announced today that the carmaker from Italy will increase its stake in depreciating publisher firm, RCS Mediagroup.
A group of Alere shareholders expressed their desire to exit its non-core businesses and wants support at its annual board meeting.
