Long before current market volatility, state and local pension debt posed a risk somewhere between a ticking time bomb and a crate of nitroglycerin. An explosion is coming eventually, and any major shock, whether related to COVID-19 or the next recession down the road, could set it off.
KKR, a leading global investment firm, today announced it is joining with William K. “Dan” Daniel, formerly a senior executive at Danaher Corporation (“Danaher”), to pursue opportunities to acquire an industrial business headquartered in the United States.
Public pension funds invested in malls, apartments and offices over the last decade in search of higher returns. Now they are grappling with how much those real-estate investments are worth in a world transformed by Covid-19.
A new study from Oxford University builds upon growing research that calls into question whether investors understand their private equity investments.
The SEC’s Office of Compliance Inspections and Examinations issued a Risk Alert citing common deficiencies identified during examinations of investment advisers managing hedge funds and private equity funds, particularly related to conflicts of interests, allocation of fees and expenses, and the prevention of the misuse of material nonpublic information.