Larry Klane Joins CVC as Senior Advisor (PR Newswire) and Merlin Securities Launches New Reporting Application Merlin Compass (Business Wire)

City of Industry, CA --(www.USEquityNews.com)-- 01/12/2009 - Funds industry alert provided by U.S. Equity News. NEW YORK, Jan. 12 /PRNewswire/ -- CVC Capital Partners ("CVC"), a leading global private equity firm, is pleased to announce the appointment of Larry A. Klane as Senior Advisor to CVC, with immediate effect. Mr. Klane will work with CVC's Global Financial Institutions Team to support CVC's global investment advisory activities in the financial services sector.


With 19 offices throughout Europe, Asia, and the United States, CVC has an industry-leading global presence. CVC currently has approximately $20 billion of uninvested equity capital, making the firm one of the top five sources of available private equity funds in the world. CVC has significant experience in financial services investments, and its dedicated Global Financial Institutions Team focuses on investing in leading financial businesses across Europe, North America, and Asia.Mr. [Read the full article]

SAN FRANCISCO--(BUSINESS WIRE)--Merlin Securities, a leading prime brokerage services and technology provider for hedge funds, funds of funds and long-only managers, today announced that it has rolled out Merlin Compass, a new P&L reporting application that adds intra-day portfolio reporting to the existing integrated trade monitoring and post-trade allocation and reporting tools. This new product suite integrates both in-house Merlin trading applications and any other trading systems that use the FIX protocol, thus eliminating the duplicative and error-prone process of rekeying trade information across multiple platforms. Information enters the system in real-time as trades are executed, and clients have continuous access to trade execution reports and up-to-the-minute P&L reporting. [Read the full article]

CHICAGO--(BUSINESS WIRE)--The drop in 401(k) account balances in 2008 was not caused by a defect in the retirement plan system or ignorant workers, according to The Profit Sharing/401(k) Council of America (PSCA). It was caused by a catastrophic failure in the operation of capital markets. "It is hardly surprising that 401(k) plans did not escape a collapse that has stricken almost every financial system or arrangement in the world," says David Wray, PSCA President.
Many who invested in equity mutual funds saw a similar reduction in
value, yet there is no clamoring for a wholesale revision of the mutual
fund system. “Everyone gets soaked in a cloud burst, regardless of the kind of shirt they wear," says Wray. [Read the full article]

Tenaska poised to be first electric generator to provide clean air benefits required by new law.SPRINGFIELD, Ill., Jan. 12 /PRNewswire/ -- A major milestone in the nation's development of environmentally responsible coal power plants was achieved in Illinois today with the signing into law of SB 1987, the Clean Coal Portfolio Standard Act.
The new law creates a framework for developing coal gasification projects with carbon dioxide (CO2) capture and storage, requiring emissions from these electric generation facilities, including Tenaska's proposed Taylorville Energy Center (TEC), to be as clean as natural gas generators. Like renewable electric generation sources, TEC reduces emissions by displacing and reducing the operation of generation facilities that have higher emissions. [Read the full article]

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