Reuters News

Lower-rated companies warn about interest deductibility House and Senate proposals limit interest deductibility Unclear as yet what provision final bill will include By Kristen Haunss and Jonathan Schwarzberg, Reuters Issuers of U.S. leveraged loans, including sensors supplier MTS Systems and department store retailer JC Penney, are warning investors that a provision in the U.S. tax-reform […]

U.S. leveraged-loan market seen continuing to fly in H2 Floating-rate issues in demand as interest rates rise Investors favor loans in tech, health, industrials, packaging By Jonathan Schwarzberg, Reuters The sizzling U.S. leveraged-loan market is expected to maintain its breakneck pace in the second half and potentially set volume records despite lower M&A activity as investor […]

Fortress, Bain Capital, Blackstone picked to bid on loans Must submit binding bids in October: sources Starwood Capital may also be allowed to join race: sources U.S. funds Fortress Investment Group, Bain Capital and Blackstone have been picked to submit binding bids for a 1 billion euro ($1.1 billion) Italian bad-loan portfolio, two sources said. As […]

The California Public Employees’ Retirement System announced on Feb. 13 that it had a lower return of about $900 million since September, when the fund reduced risk from the portfolio by selling some equities. CalPERS Chief Investment Officer Ted Eliopoulos said during a board meeting that he wanted to “allay some of the anxiety and […]

Sarah-Marie Martin has resigned as co-head of Credit Suisse Group AG’s Americas financial sponsors group, which focuses on private equity firms, to join Goldman Sachs Group Inc, people familiar with the matter said. Martin’s departure comes after Credit Suisse passed on financing several leveraged buyouts this year, including Apollo Global Management LLC’s $6.9 billion acquisition […]

EMG says it will stop entering new deals with Aubrey McClendon hours before he dies in car crash Managing Partner John Raymond sends letter to investors Fund planning to launch several companies it co-founded with McClendon’s American Energy Partners Private equity fund Energy & Minerals Group told investors on Wednesday it will stop entering new deals with Aubrey McClendon,the now […]

Lisa Lee sues CVC claiming gender discrimination Lee had been CVC’s only female managing director Claims she was fired after pointing out ‘sexist’ environment CVC Capital Partners has been sued by a former managing director who said the big private equity firm fired her in retaliation for her complaints about what she called its sexist […]

John Angelo headed firm for 27 years Died on Jan. 1 after long cancer battle Began finance career in 1966 John Angelo, the head and co-founder of New York-based investment firm Angelo, Gordon & Co, has died at age 74, according to an email sent to the firm’s employees. Angelo, who was chief executive officer […]

Pension investments returned 1.6 pct in fiscal second quarter 50 pct of portfolio in public and private equities System is a major dealmaker The Canada Pension Plan Investment Board, one of the world’s biggest pension funds, reported gross investment returns of 1.6 percent in its fiscal second quarter on Thursday, driven largely by a boost in […]

Pension investments returned 1.6 pct in fiscal second quarter 50 pct of portfolio in public and private equities System is a major dealmaker The Canada Pension Plan Investment Board, one of the world’s biggest pension funds, reported gross investment returns of 1.6 percent in its fiscal second quarter on Thursday, driven largely by a boost […]