A chance for Europe to rise

This article is an on-site version of our Swamp Notes newsletter. Premium subscribers can sign up here to get the newsletter delivered every Monday and Friday. Standard subscribers can upgrade to Premium here, or explore all FT newsletters Hello readers, I’ve returned from my first tranche of book leave and eager to wade back into … Read more

The economy: still solid, slowing slightly

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

Another problem with IRRs

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

US public colleges expand PE investments despite downturn

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