“If you think of the stock market as a way for investors to harness the economic power of gross domestic product and capitalizing on that, a growing portion of that activity today is being held by private investors today as opposed to being in the public markets,” said David O’Meara, senior defined contribution strategist at consulting firm Willis Towers Watson. … [Read more...] about Column: What would private equity funds in 401(k)s mean for retirement savers?
Chs private equity
The Department of Labor said on Wednesday that direct contribution plans are allowed to invest in private equity funds offered through professionally managed vehicles such as target-date, target-risk or balanced funds. The funds must include private equity only as one of component of their portfolio, the Department of Labor said. … [Read more...] about U.S. clears private equity as investment option for retirement plans
58.com’s consortium of buyers, which includes private equity firms Warburg Pincus [WP.UL] and General Atlantic, is in talks with Chinese banks for about $3 billion in financing, said three people with direct knowledge of the matter, adding that global banks find the figure challenging. … [Read more...] about Private equity scouts for China take-private deals amid tension, volatile markets
The news of Fairway Market’s second foray into bankruptcy, this time with the threat that stores could be liquidated to pay off the unsustainable debt hanging over the grocery chain, dismayed its legions of loyal Manhattan customers. Fairway’s New York City stores draw an eclectic crowd of shoppers: local residents, professors and students at schools from the City University of New York to Columbia University, and others seeking its fresh-baked breads, unusual cheeses, and wide range of international foods. Upscale and idiosyncratic, with its humble roots still evident, Fairway is emblematic of the city in which it has become a storied institution. But, fatefully, it is also emblematic of the way private-equity investors—including Fairway’s former owner Sterling Investment Partners—have hastened the fall of brick-and-mortar stores caught in the so-called retail apocalypse. … [Read more...] about How Private Equity Ruined a Beloved Grocery Chain
Virgin, which competes with Qantas Airways Ltd (QAN.AX) in an effective domestic duopoly, entered voluntary administration in April owing nearly A$7 billion to creditors. The airline had struggled financially even before the coronavirus pandemic crushed travel demand. … [Read more...] about Virgin Australia bondholders launch rival proposal to stop private equity sale