Psp Invests In Telecommunications, Cppib In Biopharmaceuticals
The Public Sector Pension Investment Board is entering a definitive agreement with Loral Space & Communications Inc. and Telesat Canada to combine the two telecommunications businesses into a new Canadian public company. The PSP will own a 36.7 per cent interest in New Telesat as a result of the merger, expected to close in the ...
Mark Baumgartner Joins Carnegie Corporation Of New York As CIO
The foundation's philanthropic endowment will be managed by the former CIO of the Institute for Advanced Study Carnegie Corporation of New York has named Mark Baumgartner as its new chief investment officer following an extensive nationwide search conducted by members of the foundation's investment committee and several investment advisors.
Hydra Studios Raises $3.8M Seed Round
NEW YORK, NY, Hydra Studios announced a $3.8M seed capital round.
Companies Have Failed To Help Working Parents During The Pandemic
Companies have piled on the perks for parents who are working from home during the pandemic. They should have been focused on systemic change. Over Labor Day weekend, real estate mogul Rob Speyer got a call from an old friend: Michael Mulgrew, president of the United Federation of Teachers, the union that represents New York City's 75,000-plus educators. Mulgrew had a favor to ask. Could Speyer, through his role as president and CEO of Tishman Speyer, help monitor and improve ventilation in some of the city's public schools, as he had done across his own commercial real estate portfolio?
First Mover: Bitcoin Below $19k And Customers Flee Okex
OKEx appears to suffer customer outflows after lifting of five-week withdrawal suspension, highlighting the existential threat of operational risk. : Digital-asset traders have been speculating whether prices would quickly breach $20,000 after the cryptocurrency surged earlier this week to a new all-time high of $19,920. But so far the market hasn't been able to carry through. "In the short run, this rally has endured for a good while and prices might need some sideways action or even a quick retracement before rising further," the digital-asset financial firm Diginex wrote Friday.
Rexford Industrial Acquires 18-building Industrial Portfolio For $154.6M | Benzinga
LOS ANGELES, Dec. 4, 2020 /PRNewswire/ -- Rexford Industrial Realty, Inc. (the "Company" or "Rexford Industrial") (NYSE:REXR), a real estate investment trust focused on creating value by investing in and operating industrial properties located in Southern California infill markets, today announced the acquisition of an industrial property portfolio for $154.6 million. The acquisition was funded with cash on hand. "This investment demonstrates Rexford's sharp-shooter advantage by leveraging our proprietary originations platform to acquire an 18-building portfolio of irreplaceable industrial properties through an off-market transaction in one of the nation's lowest-supply, highest-demand submarkets," stated Howard Schwimmer and Michael Frankel, Co-Chief Executive Officers of the Company.
Singapore To Have 4 Digital Banks, With Grab-singtel And Sea Getting Digital Full Bank Licences, Banking News & Top Stories - The Straits Times
December 04, 2020 7:07 PMDigital banks will not have a physical presence and all banking services will be done online.
Key Regulators Issue USD Libor Warning
Authorities: Steer Clear of USD LIBOR Key industry regulators are warning financial services firms not to use U.S. dollar (USD) LIBOR as a reference rate after Dec. 31, 2021 to avoid "consumer protection, litigation, and reputation risks." The Nov. 30 statement, which underscores the need for firms to move away from the London Inter-bank Offered [...]
Franklin Templeton Unveils New K2 Ucits Emerging Markets Strategy On Liquid Alternative Hedge Fund Platform
Franklin Templeton unveils new K2 UCITS emerging markets strategy on liquid alternative hedge fund platform Submitted By Hugh Leask | 04/12/2020 - 1:55pm Franklin Templeton is rolling out a new emerging markets-focused hedge fund strategy on its FTAF liquid fund platform, and aims to tap into sovereign and corporate debt opportunities with a "global macro style" of alpha generation. The Franklin K2 Emso Emerging Markets UCITS strategy, a sub-fund of the firm's Franklin Templeton Alternatives Funds (FTAF) range that launched last year, will trade an assortment of EM sovereign and corporate debt securities and currencies, including derivatives, long and short.
Illinois Insurance Director To Leave Post: Personnel Moves
Robert Muriel, the director of the Illinois Department of Insurance, said he'll be leaving the department director post Dec. 11, to take a job at a law firm in Chicago. Illinois Gov. J.B. Pritzker said Shannon Whalen, the department's chief deputy director of product lines, will be the interim acting director. Muriel has a bachelor's degree from the University of Illinois at Champaign-Urbana and a law degree from Loyola University. Principal Financial Group Inc. is promoting two senior vice presidents at its Principal International unit -- Roberto Walker and Thomas Cheong -- to executive vice president.