This article is an on-site version of our Unhedged newsletter. Premium subscribers can sign up here to get the newsletter delivered every weekday. Standard subscribers can upgrade to Premium here, or explore all FT newsletters Good morning. President Donald Trump’s Big Beautiful Bill became his large lovely law on Friday. The law creates dubious debt … Read more
Stay informed with free updates Simply sign up to the Fund management myFT Digest — delivered directly to your inbox. We (should) all know (by now) quite how awful the “internal rate of return” is as a measure of your private equity manager’s long-term performance record. But this hasn’t stopped them bragging. Ludovic Phalippou, professor … Read more
Welcome to FT Asset Management, our weekly newsletter on the movers and shakers behind a multitrillion-dollar global industry. This article is an on-site version of the newsletter. Subscribers can sign up here to get it delivered every Monday. Explore all of our newsletters here. Does the format, content and tone work for you? Let me … Read more
Crypto companies and traders are pouring billions of dollars into tokenised versions of money market and Treasury bond mutual funds, as they look beyond stablecoins to other places to park excess cash that can also give them some yield. Total assets held in tokenised Treasury products — which include funds whose units have been converted … Read more
Stay informed with free updates Simply sign up to the Fund management myFT Digest — delivered directly to your inbox. US public university endowments are increasing investments in private equity even as the underperforming asset class has weighed on their private college peers in recent years. Seven public university endowments told the Financial Times they … Read more
Stay informed with free updates Simply sign up to the Chinese business & finance myFT Digest — delivered directly to your inbox. China is amassing huge quantities of nickel, taking advantage of low prices to bolster its reserves of the metal vital to stainless steel and electric vehicle batteries in the face of an escalating … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The number of companies applying for a listing in Hong Kong this year has hit an all-time high, as the territory tries to regain its status as a top financial hub and attract Chinese companies … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Revolut has yet to receive the green light from UK financial regulators to provide consumer credit services to its 11mn customers in Britain, marking the latest hurdle for the $45bn fintech to become a full-service … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Britain’s financial regulators are failing to push through vital reforms needed to unlock some £22bn in trade finance for small businesses, the UK branch of the International Chamber of Commerce has warned. In a letter … Read more
In April, a spectacular specimen featuring a 15cm-long plume of solid crystallised gold rising from a rocky matrix arrived at London’s Natural History Museum on loan from the Houston Museum of Natural Science. The exhibit is nicknamed “the Dragon” because of its similarity to the mythical creature. “Being able to contrast the absolute perfection of … Read more