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CalSTRS shows lackluster private equity returns
Sept 7 (Reuters) – Private equity promises outsized
investment returns but a report prepared on behalf of the
California State Teachers’ Retirement System (CalSTRS)
highlights the challenges of…
Quest for yield revives hybrid loan/bond CLO structure
NEW YORK, Sept 7 (IFR) – The quest for yield has set the
collateralised loan obligation (CLO) new issue market on fire in
the US and reawakened a hybrid loan/bond animal that’s been in
hibernation…
Phillips 66 Bayway refinery workers to vote on contract Friday
NEW YORK, Sept 7 (Reuters) – Members of the Teamsters Union
at Phillips 66’s 238,000 barrel-per-day Bayway refinery in
Linden, New Jersey, will vote Friday on whether to ratify their
latest labor contract, as recommended by the union’s executive
board.
