HSBC Reshuffles Top Team as Alternatives Push Takes Off

HSBC's fund management arm has created a new division that will bring together 150 staff and alternative assets representing more than $50 billion, shaking up its top team in the process.

 
KPMG Joins Push for Private-Equity Fund Reporting Standards

The consulting firm has joined the Private Capital Data Standards Alliance, which also counts Allianz Capital Partners among its members.

 
Regeneron's Antibody Drug Cuts Risk of Death in Some Covid-19 Patients

Trial results for a new Regeneron treatment have buoyed hopes that doctors could soon have a new way to tackle severe hospital cases.

 
Investor's Latest Fund to Extend L.A. Housing Strategy to More West Coast Cities

Real-estate investor Martin Muoto discussed the Black Impact Fund as the venture seeks to raise $1 billion.

 
Alibaba Falls Victim in Large Data Leak

A Chinese software developer trawled the popular Taobao shopping website for eight months, collecting more than 1.1 billion pieces of user information including IDs and phone numbers, a Chinese court verdict said.

 
Chinese Trucking Startup Seeks to Raise Up to $1.6 Billion in U.S. IPO

Full Truck Alliance, which provides an Uber-like service for the road-haulage industry, is targeting a maximum valuation of roughly $21 billion.

 
Megaworld Unit Plans Philippines' Biggest REIT Offering

MREIT Inc., a unit of Megaworld Corp., is planning to raise $567.4 million through a listing, which, if successful, would be the largest such fundraising in the country by a real-estate investment trust.

 
FDA Authorizes More Covid-19 Vaccine Doses From Troubled Plant

The agency cleared 15 million doses, bringing the total doses authorized for export to 25 million, according to a senior U.S. official.

 
Platinum Equity Strikes Deal to Buy McGraw Hill From Apollo

The deal for the textbook publisher and educational-technology company is valued at about $4.5 billion, including debt.

 
Southwest Airlines Flights Thrown Into Disarray by Technical Problems

The second day in a row of disruptions led the airline to cancel 500 flights.

(END) Dow Jones Newswires

June 16, 2021 07:15 ET (11:15 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.