Calpers pushes further into private equity after best results in four years

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Calpers, the largest public pension fund in the US, has signalled an appetite for more exposure to private equity despite concerns that these assets could expose retirees to too much risk. Stephen Gilmore, chief investment … Read more

US investors should beware of tariff complacency

Unlock the White House Watch newsletter for free Your guide to what Trump’s second term means for Washington, business and the world After passing his tax-cutting “big, beautiful bill”, Donald Trump has been busy reviving his protectionist agenda. Last week the US president extended the 90-day pause on his “liberation day” import duties until August … Read more

Bitcoin passes $120,000 milestone as US Congress readies for ‘crypto week’

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Bitcoin passed a record milestone of $120,000 per token on Monday as US lawmakers prepared to consider a number of bills aimed at creating clearer regulatory frameworks for digital assets. The world’s largest cryptocurrency climbed … Read more