Finance

• Brown University’s Fund Returned 20% in Final Year for CIO
  Brown University’s endowment returned 19.6% for the period ended in June, the final year under its high-performing chief investment officer.
• SEC Aims to Expand Cross-Trades for Fixed-Income Investments
  The Securities and Exchange Commission issued a proposal to let money managers once again cross-trade fixed-income securities, backing a change proponents say would bring about significant cost savings for investors.
• BC Partners Weighs Sale of United Group’s Croatian Unit
  BC Partners is preparing a disposal of United Group BV’s Croatian business, as a first step in a broader plan to revive the sale of the telecom operator, people with knowledge of the matter said.
• Crypto Billionaire Chris Larsen Is Spending Millions to Shape US Politics
• H.I.G. Said to Canvass Investors on $2.6 Billion Infra Fund
  H.I.G. Capital is looking to raise about $2.6 billion for its second infrastructure fund, according to people familiar with the matter.
• Dental Firm vVardis Files for US IPO Showing Narrowing Loss
  Dental technology firm vVardis Holding AG filed for a US initial public offering, showing rising revenue and narrower losses.
• Canada Employment Falls by 68,300 Amid Public Sector Decline
  Employment in Canada fell by 68,300 last month, more than erasing previous job gains this year as the trade war with the US drags on.
• Goldman Set to Lead Wall Street’s $19 Billion Stock-Trading Haul
  Wall Street’s biggest banks are expected to unveil a quarterly stock-trading haul of nearly $19 billion when the firms report earnings next week.
• Danantara Looks Homeward With Another $5B to Invest in 2026
  Indonesian sovereign wealth fund Danantara plans to invest at home in the near term after having deployed into multiple overseas projects this year, according to its chief investment officer.
• Guggenheim Funds’ Outflows Surged to $2.4 Billion Last Month
  Guggenheim Partners investors pulled $2.4 billion from its four largest mutual funds in September after reports that federal authorities are probing Chief Executive Officer Mark Walter’s business dealings.
• Nigeria-Founded Moove to Exit Country After Uber Pulled Out
  Moove, the Nigerian-founded mobility startup valued at $2.1 billion, plans to exit the African country after Uber Technologies Inc. closed its operations in early September.
• The Soaring Swaps Market Is Upending Sales For London’s Realtors
  At a local real estate agency on London’s southeastern edge, manager Steve Brown has added a new, and rather unlikely, topic to the usual chatter with clients about house prices and commute times: swap rates.
• Ex-Banker’s Redemption Story Hits a Setback as Firmus Pulls IPO
  The listing of Firmus Grid Ltd. was poised to be the next beat of Oliver Curtis’s comeback story after serving time in prison on insider trading charges. It would also have cemented his position among the artificial intelligence boom’s ultra-wealthy.
• Colombia Billionaire Set for $500 Million Venezuela Oil Windfall
  Colombia’s richest man Jaime Gilinski is poised to turn a Venezuelan oil field contract that cost him almost nothing into a $500 million stake in a Latin American crude producer that he’s now on the cusp of controlling.
• Hungary’s Ex-PM Orban Denies Role in Ukraine Money Convoy Raid
  Hungarian authorities that seized a Ukrainian gold convoy and briefly detained its escorts ahead of the election that unseated Viktor Orban acted on their own initiative, the former prime minister said, denying responsibility for the raid.
• KKR Bans Non-Competes for Lower-Paid US Portfolio Company Staff
  KKR & Co. has prohibited non-compete agreements for lower-paid employees at its US portfolio companies, aiming to show that the restrictive contracts aren’t needed for firms to remain competitive.
• EU Finance Chiefs Reach Preliminary Deal on Markets Supervision
  European Union member states reached a deal over a revamp of markets supervision after a decade-long effort to bring down national barriers and spur private financing.
• Europe’s Bonds Set for Weekly Advance as Lower Oil Gives Relief
  European bonds got some respite on Friday as oil prices fell, helping push yields lower in the week.
• Everton Considers Sale in Test of Football’s Inflated Valuations
  The Friedkin Group is considering selling a controlling interest in Everton FC less than two years after acquiring the Premier League club, in a move that will test investor appetite for increasingly costly football assets.
• Investors Pour Into Cash and Set to Stay, BofA’s Hartnett Says
  Investors just poured money into cash funds at the fastest pace since the pandemic, and are unlikely to shift it anytime soon, according to Bank of America Corp.’s Michael Hartnett.
• Segantii Insider Trading Trial Ends With Verdict Due February
  The high-profile insider-trading trial involving Segantii Capital Management wrapped up Friday in Hong Kong, as defense lawyers challenged the allegations in closing statements that the defendants acted on insider information.