A look at some must-read news on deals and deal makers around the world
AIMCo's de Bever worries about underfunding
In a wide-ranging discussion, Leo de Bever, the head of Alberta Investment Management Co., says that returns for pension plans in private markets such as private equity are destined to shrink as money floods into the area. Commercial real estate, however, provides some good valuations yet, he said.
Prop traders: Hiding in plain sight
Where are the prop traders? Doing exactly what they have always done, but disguising their business as client business to exploit a loophole in the new ban on bank prop desks, writes Bloomberg News columnist Michael Lewis.
Deutsche bankers to get paid more
Deutsche Bank has cranked up the amount of money it sets aside to pay staff in corporate and investment banking by 9 per cent. That runs counter to some other banks such as Goldman Sachs Group Inc. The dispersion on bonus pools suggest it could be an interesting winter for personnel moves as banks that are paying try to take advantage of discontent at banks that are not.
OSFI needs more staff to do job
As banking regulation gets more complicated and demanding, Canada's Office of the Superintendant of Financial Institutions likely will need more people to carry out its mandate, according to the country's auditor general. According to a Thomson Reuters story, as of March 10 this year, one tenth of the jobs on large bank supervisory teams were unfilled, with half those positions vacant for a year.
Goldman to take Asian ECM crown from UBS
Goldman Sachs is set to dethrone UBS as the king of equity issuance banks in Asia after winning key roles in some big offerings in the region. Banks have been increasingly focused on Asia for equity capital markets business thanks to a spate of big stock sales.