Calpers Steps Back From Four Pillars Strategy

Calpers Steps Back From Four Pillars Strategy

The pension system is focusing more money and attention on co-investment deals and separately managed accounts. The nation’s largest public pension system seems to be stepping back from an ambitious overhaul of its private-equity strategy outlined several years ago,...
Lumentum raises takeover offer for Coherent to $6.9 Bn

Lumentum raises takeover offer for Coherent to $6.9 Bn

Coherent said on Wednesday optical fiber firm Lumentum Holdings had raised its offer for the company to $6.9 billion following a three-way takeover battle for the laser firm. Under its new bid, Coherent shareholders will receive $220 in cash and 0.61 Lumentum shares...