Private Equity Sees Regulatory Reforms Hinging on November Elections

As the 2020 elections approach, U.S. regulators are in the middle of reshaping rules that have governed the buyout industry for years. Some of these changes could be walked back or reversed if Democrats win control of the Senate and White House. 


 
Singapore's GIC, TPG to Invest $1 Billion in Reliance Retail

Singapore sovereign-wealth fund GIC Pte. Ltd. and private-equity firm TPG Inc. have agreed to invest a total of $1.00 billion in the retail venture of Indian conglomerate Reliance Industries Ltd. 


 
Top Wall Street Derivatives Cop to Step Down

James McDonald, the Commodity Futures Trading Commission's enforcement director, led the agency's market cops through dozens of market-manipulation cases. 


 
Wilshire Associates Agrees to Sale

Two private-equity firms agreed to acquire the 48-year-old employee-owned investment advisory, management and data firm. 


 
U.S. to Investigate Vietnam for Currency Manipulation

The Trump administration is launching an investigation into Vietnam's trade practices, faulting the country for currency practices and invoking the same trade law the U.S. used in imposing tariffs on China. 


 
Aksia Picks Up Valuable Clients and Assets With Alignium Buy

Investment advisory firm Aksia has rounded out its private-markets exposure with the acquisition of Alignium, a consulting firm specializing in real estate and other real assets. 


 
The Millionaire Who Gave Moderna a Shot

Legions of investors piled into Moderna Inc. this year, drawn by its position as a front-runner in the global hunt for a coronavirus vaccine. Hedge-fund manager Patrick Degorce has been a believer for nearly a decade. 


 
General Motors' Credit Card, Brought to You by Goldman Sachs

Goldman Sachs won the bidding over Barclays, handing the Wall Street firm more than a million GM cardholders and their roughly $8.5 billion in annual spending. 


 
Trian Takes Stakes in Invesco, Janus Henderson With Eye on Deals

Trian, whose founders include Nelson Peltz, plans to agitate for deal making aimed at building a rival to the biggest asset managers in the world. 


 
Financial Services Roundup: Market Talk

The latest Market Talks covering Financial Services. Exclusively on Dow Jones Newswires throughout the day.

(END) Dow Jones Newswires

10-05-20 0015ET