Gold miners strike a rich seam

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Unstoppable force meets no-longer-immovable object. Soaring gold prices typically bypass miners of the shiny stuff — but not this time. Shares in top duo Newmont and Barrick Gold are up by a quarter and fifth … Read more

The death of the Yale Model?

Last month the National Association of College and University Business Officers reported that the average American endowment returned 11.2 per cent last year. Huzzah! Trebles all round. Unfortunately, this is slightly worse than what a passive global 70/30 equity/bond portfolio returned in 2024. OK, well maybe it was a weird year. Endowments and their racier … Read more

Under Donald Trump, the SEC should open up private markets to retail investors

Stay informed with free updates Simply sign up to the US financial regulation myFT Digest — delivered directly to your inbox. The writer is the president and chief executive of the Investment Company Institute The challenge ahead for Donald Trump’s nominee for chair of the Securities and Exchange Commission is to show how the securities … Read more

First cat bond ETF opens new frontier in low-correlation returns

The world’s first exchange traded fund investing in catastrophe bonds is set to list today on the New York Stock Exchange, opening up a potential source of returns uncorrelated to other asset classes. Cat bonds are securities issued by insurers, reinsurers and governments to offload some of their risk from large-scale disasters. They typically offer … Read more