In case you missed these stories:
- Goldman to buy discounted private equity holdings
Goldman Sachs has raised $5.5bn for its Vintage V fund to buy discounted private equity holdings – the largest fund ever of this type – as investors anticipate a flood of forced sellers trying to offload private equity stakes.
- Citi investors urged to oust directors
Two key shareholder advisory groups, Glass Lewis and RiskMetrics, last week urged Citigroup shareholders to vote against re-electing various Citi directors, with Glass Lewis coming out against the bank’s new chairman, Richard Parsons.
- Credit quality of global groups at 25-year low
The credit quality of global companies has deteriorated to the lowest levels in 25 years, according to Moody’s, which said the ratio of companies having their credit ratings cut versus the number of companies being upgraded had reached its highest level since 1983.