Northern Trust's Australian business is gauging if exchange traded products could help grow its nascent asset management business in Australia, says country executive Angelo Calvitto.
Brett Himbury, the chief executive of the $148 billion industry-super-owned fund manager, is stepping down after a decade in the role in a surprise announcement made this morning.
The University of California Berkeley is one of 10 campuses in the University of California system. The schools announced that they will divest from fossil fuels. | David Madison/Getty Images The university is cutting fossil fuels from its $80 billion portfolio because of their financial risk. This story is part of Covering Climate Now, a global collaboration of more than 250 news outlets to strengthen coverage of the climate story. The University of California system, which educates more than 280,000 students and employs 227,000 faculty and staff, announced late Tuesday it is divesting from fossil fuels.
Ping Identity Holding Corp. priced its initial public offering at $15 a share Wednesday evening, valuing the software company at more than $1 billion. Ping said it planned to sell at least 12.5 million shares at that price to raise at least $187.5 million at an initial valuation of about $1.16 billion. Vista Equity Partners acquired Ping in 2016 for an undisclosed sum, though The Information reported that Vista paid $600 million for the company. Vista will retain control of the company, holding more than 80% of the shares after the IPO.
The New York Fed said it would conduct an overnight repurchasing operation for the third time this week at 8:15 a.m. Eastern on Thursday. The U.S. central bank will offer up to $75 billion of repos, temporarily buying securities from Wall Street dealers to inject liquidity into the system. Earlier this week, a surge in the repurchasing rate, used by hedge funds and banks to fund their trading operations, pushed the fed funds rate above its target range.
HDFC Property Fund is raising a $500-million (Rs 3,600 crore) private equity (PE) fund. : HDFC Property Fund and Motilal Oswal Real Estate, which are raising new real estate funds, are looking at buying apartments and projects at lower valuations as property developers struggle with lower sales and liquidity. HDFC Property Fund is raising a $500-million (Rs 3,600 crore) private equity (PE) fund. It is looking to buy ready residential inventory from developers, said sources.
Britain has launched its first major auction of offshore wind farm leases in a decade, offering sites with the combined potential to power more than six million homes.
By Offshore Energy Today Australian oil and gas company Woodside Energy gas signed a heads of agreement with Uniper for the sale of LNG from, among others, Scarborough offshore gas field in W. Australia. ... Read Full Article Here For more great articles: Offshore Energy Today.
The case could be referred to the Serious Fraud Investigation Office (SFIO) if the preliminary inspection report points to a fraud and gaping holes in the books of the firm.
Rail News - Eco-energy Acquires Ns-served Stone Mountain Rail Terminal. For Railroad Career Professionals
Eco-Energy, a biofuel and natural gas marketing supply chain company, has acquired the Stone Mountain processing facility and rail terminal in the southern Appalachian region.The Stone Mountain assets were acquired from Continuum Energy Services for an undisclosed sum.Stone Mountain's gathering system is made up of over 600 miles of gathering pipelines that span Kentucky, Tennessee and Virginia.