| CA Retirement fund to buy 275 million stake in Silver Lake Partners
An announcement may come as soon as today, said the person, who declined to be named because the talks are secret. The stake is worth about $275 million, valuing Menlo Park, California-based Silver Lake at $2.75 billion, the New York Times reported earlier today, citing unidentified people briefed on the deal. Calpers, which covers the benefits of more than 1.5 million Californian state and local government employees, has more than 400 private equity investments. Sacramento, California-based Calpers plans to reduce that number by concentrating assets in fewer fund managers. The California Public Employees' Retirement System (CalPERS) provides pension fund, healthcare and other retirement services for approximately 1.5 million California public employees. As of October 2007, it owns $254.8 billion worth of stock, bonds, funds, private equity and real estate.
Bloomberg Picks Quadrangle Asset Management
As part of an agreement with the city's Conflicts of Interest Board, Mayor Bloomberg has chosen Quadrangle Asset Management LP to manage his investments and those of the Bloomberg Family Foundation, officials said yesterday. Financier Steven Rattner, a friend of Mr. Bloomberg's, runs the Quadrangle Group, the New York Times reported. Mr. Rattner has been a supporter of Senator Clinton's presidential campaign, the Times said. Mr. Bloomberg is considered a potential presidential candidate who would be expected to spend as much as $1 billion on a self-financed campaign should he run. Mr. Bloomberg sought an opinion from the conflicts board to diversify his investments. Under the ruling, he is allowed to invest in hedge funds, real estate, and private equity funds, among other areas, so long as the identities of the money managers and their investment picks are not shared with him.
Bush asks perseverance, action on sagging economy, patience on Iraq in ...
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Rechanneling gifts: Legislators shift cash donations
Although 2007 was not an election year, special interests donated $827,000 in campaign funds to Utah legislators. With no campaigns last year, lawmakers converted about a third of that cash to what appear to be personal or other uses that have little to do with campaigning, according to Deseret Morning News analysis of the 104 part-time legislators' campaign disclosure forms. That included paying for new clothes, dry cleaning, car repairs, high-occupancy vehicle lane passes, passports, baby-sitting, travel, Utah Jazz games, parking tickets, wedding or birth gifts, concealed weapons permit classes, wages to a spouse for campaign work, repaying themselves tens of thousands of dollars in earlier campaign loans and even paying themselves for lost income during the general session.
Circus denies its use of animals is ‘cruel’
I see all this is going on trying to stop zippos circus and yet on every news channel on the tv at the moment we here of the horrible person in amersham who buys and sells and mistreats his horses and sells them on the continent for meat. you look at the horses there who were on a farm in bucks supposidley looked after,and then you look at the horses on zippos circus, and you tell me there is something wrong with the circus horses. you must be having a laugh. i read in a tabloid today that one lady in amersham witnessed the man beating the horses and severe injuries to the horses early last year and reported it to the RSPCA 3 times-YES 3 TIMES!!!!!!!!! if it had been a circus that had been reported, the RSPCA would have been there in minutes. When are these idiots that spread rubbish and demonstrate about circuses with animals going to realise, times change,the circus industry has and will continue to spend severe amounts of money on animal welfare and transport and the well being of there animals.
Multi-ethnic-est Couple And Other Awards
Alexis Swerdloff hands out awards to the couples who celebrated their nuptials with a write-up this weekend in the New York Times. 1. Multi-ethnic-est couple: Rupa Krishnamurthy and Jeffery Wong, who took part in both a Brahmin ceremony and a traditional Presbyterian ceremony. As Rupa's mother put it, so began the marriage of a "fourth-generation Protestant Chinese and a first-generation Hindu from North Carolina." 2. Best use of Lion King tickets: Eve Thompson and Richard Robinson -- we're just going to let the write-up speak for itself: Ms. Thompson purchased "Lion King" tickets for them and during dinner conversation, she told him that she had been thinking of joining the Brahma Kumaris, who advocate avoidance of meat, alcohol, materialism and sex.
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