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Finance & Markets

Banco BPM Says Paschi's Offer 'Does Not Recognize a Premium'

Banco BPM indicated skepticism toward the takeover bid it received from rival Banca Monte dei Paschi, saying the price offered was pretty much the same as its market valuation. Bloomberg's Tommaso Ebhardt reports from Milan. (Source: Bloomberg)

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USS hires CalSTRS veteran to lead private equity

The UK’s Universities Superannuation Scheme has appointed Robert Ross, a senior private equity investment manager at the California State Teachers’ Retirement System, to oversee its private equity…

  • Robert Ross joins USS to lead private equity portfolio.
  • Former CalSTRS veteran appointed in September.
  • Expands USS's private markets capabilities.

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