Former US Treasury Secretary Timothy Geithner will be joining global private equity firm Warburg Pincus LLC in March. Geithner became notable for his role during the US financial crisis.
Sectors
Temasek exits stake in Facebook, Monsanto and Air Products & Chemicals
Singaporean investment firm Temasek divested its holdings in US-listed companies Facebook, Monsanto and Air Products & Chemicals. The private equity firm, however, remains focused on energy, healthcare and technology stocks in the US.
Dell president Steve Felice exits a month after privatization
Dell president and chief commercial officer Steve Felice will be leaving the company barely a month after it was acquired by Dell CEO Michael Dell and private equity firm Silver Lake.
Vista Equity Partners acquires Active Network for USD1 billion
Private equity firm Vista Equity Partners has acquired event software company Active Network. The deal amounted to around USD1 billion with Active Network selling 57 million shares priced at USD14.50 apiece.
Silicon Valley venture capital firm Luminari nabs USD8 million funding from British Sky
New Silicon Valley venture capital firm Luminari Capital obtained a USD8 million funding from pay-TV giant British Sky Broadcasting Group. Sky said that it wants to increase is exposure to US tech startups.
Latest News
William Littlewood, the hedge fund manager of Artemis Strategic Assets Fund, has taken a short position on Japanese government bonds, according to a column written by Mark Dampier on The Independent.
Two people with knowledge about the matter told Bloomberg that the UK Financial Conduct Authority has invited foreign exchange traders as part of its ongoing probe on currency rigging.
Bermuda-based life insurer Wilton Re Holdings is scouting for investment banks to advise it on its possible sale or initial public offering next year. Wilton Re has received a total fund of USD1.5 billion from private equity firms.
The US Securities and Exchange Commission has approved a proposal that would enable upstarts and small firms to offer ownership stakes to retail investors using crowdfuding platforms online.
Chinese institutional investors' outbound investment in real estate will continue to increase next year as buying opportunities emerge in the United States and Europe and international financial institutions dispose of their property assets.
Investors remain inclined to take markets higher in the absence of anything that would suggest equities should fall. The market seems to have hit a stage where strong data helps and weak data affirms the Fed's intentions to keep policy accommodative, which also helps stocks.
Benjamin M. Lawsky, the State Superintendent of Financial Services for New York, said he would hold a public hearing to talk about the feasibility of licensing companies that performs transactions using digital money.
Giorgio Olivato, vice chairman of a foundation that is Monte Paschi's largest shareholder, has resigned from office for unknown reasons. Sources, however, said that Olivato opposed the foundation's plan to sell its stake in the Italian bank.
American tire company Cooper Tires & Rubber Co. seeks to obtain a Supreme Court ruling forcing India's Apollo Tyres to complete the merger. The USD2.3 billion deal would make Apollo the seventh-biggest tire maker in the world.
