UK Nest pension fund says pledge to invest 30% in private markets is ‘not guaranteed’

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The UK’s state-backed pension scheme said its plans to invest 30 per cent of its portfolio in private markets by 2030 was “not a guarantee”, arguing it would not compromise on value to meet the target.  … Read more

Nigeria’s exploding oil pipelines spark national political crisis

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. A spate of unexplained blazes and explosions at oil and gas pipelines in Nigeria’s oil-rich Niger Delta is threatening the country’s oil production and has spiralled into a national political dispute. At least three fires … Read more

James Gorman to join General Atlantic as adviser ahead of IPO

Stay informed with free updates Simply sign up to the Private equity myFT Digest — delivered directly to your inbox. James Gorman, the former chief executive of Morgan Stanley, is to join General Atlantic as a strategic adviser as the US-based private equity group prepares a highly anticipated initial public offering. Gorman’s appointment will put … Read more