Blackford Sells Ellison Bakery to Tilia

Blackford Capital has sold Ellison Bakery, a manufacturer of bakery products sold to the foodservice industry, and retail and private label sectors, to Tilia Holdings, a Chicago-based firm that invests in the food sector. Ellison

Canadian pension giant OTPP to lose veteran CFO David McGraw after 16 years

Veteran Ontario Teachers' Pension Plan CFO David McGraw is retiring after 16 years with the pension fund.

US pension fund trims private equity commitment plans

The Arizona pension system is reducing its planned private equity investment this year in the face of slower distributions

World’s biggest sovereign wealth fund loses $21bn in first half

The fund's active portfolio management team helped mitigate losses in stocks and bonds - but markdowns in real estate values hit hard

After CalPERS Investment Chief’s Abrupt Departure, Trustees Talk Next Steps

The California pension fund’s board is searching for a successor to Ben Meng, while another state body investigates conflict-of-interest allegations.

CPPIB reveals over $590m of new private equity commitments as overall returns remain truncated

The $431bn-managing Canada Pension Plan Investment Board is the latest major institutional investor to see its quarterly returns stutter amid the coronavirus pandemic.

Which banks are cutting jobs this year?

Investment banks' promises to pause job cuts during the Covid-19 lockdowns did not last long, here is a look at where the losses are taking place

Liquidity crisis avoided – now to dodge the solvency crisis

Sovereign and corporate debt has rocketed during the coronavirus pandemic, as liquidity became the essential plaster to cover the almost overnight collapse in consumer spending. European treasurers might be tempted to spend 2021 shying away

Novacap Expands Contract Food Platform

Noble Foods Nutrition, a contract manufacturer of nutrition and energy bars and a portfolio company of Novacap, has acquired the co-packing activities of Betty Lou’s, an energy bar manufacturer. Betty Lou’s, under its own brand

Family offices give VC vote of confidence amid Covid-19 crisis – but returns expectations prove surprising

Family offices are sticking with venture capital despite the growing coronavirus crisis - but their expectations of returns threw up a surprising result, new research shows.

Technical issue forces ECB to use €STR contingency

A technical issue around the data submission meant that the euro area short term rate (€STR) did not have enough data to be calculated in the usual way this morning, forcing the ECB to use

Market participants back Green+ Gilt proposal for sustainable Covid-19 recovery

A group of some of the UK's biggest asset managers, professional bodies and banks are supporting a proposal for an SRI themed UK sovereign debt product to deliver environmental and social benefits as part of

Italy takes €84bn book with new 20 year syndication

All eyes were on Italy in the primary euro public sector bond market on Tuesday as it pipped Spain for the biggest ever order book for a eurozone sovereign syndicated bond in the 20 year

Italy takes €84bn book with new 20 year

All eyes were on Italy in the primary euro public sector bond market on Tuesday as it pipped Spain for the biggest ever order book for a eurozone sovereign syndicated bond in the 20 year

Ex-Goldman SSA banker joins asset manager

A former sovereign, supranational and agency bond syndicate banker at Goldman Sachs has joined an alternative investment management firm as a fixed income trader.

Opalesque Roundtable: The Bahamas emerges as a pandemic safe jurisdiction for family offices

As ultra high net worth investors rethink travel-heavy business models in the wake of covid, the Bahamas has become a popular base of operations, according to participants in the recent Opalesque Bahamas Roundtable. More investment

Public pension private equity commitments more than triple in June compared to May

Opalesque Industry Update - Private Equity investment commitments from public pensions tracked by eVestment more than tripled from May to June this year, ending a three-month drop off in commitments that began in March as

CalPERS reveals surprise resignation of CIO Meng, begins hunt for replacement

Pension giant CalPERS has revealed the surprise resignation of CIO Yu Meng after just 18 months in the role.

EnPro Sells Springs Business to Turnspire

Turnspire Capital Partners has agreed to acquire the Goodyear Air Springs business from publicly traded EnPro Industries. Goodyear air springs are used by original equipment manufacturers and fleet operators for trucks, trailers, buses, and specialty

Beleaguered public pension funds make record gains in second quarter

Even so, annual returns for funds with June fiscal years were far short of long-term targets

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