Selling of dollar assets signals start of longer-term shift, warn investors

The dumping of US assets in favour of Europe’s resurgent markets signals the start of a much longer-term move by pension funds and other big institutional money managers to cut back their huge exposure to dollar investments, say investors. Wall Street banks say they are seeing signs that investors managing trillions of dollars of assets … Read more

It was remarkably resilient repo wot won it

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. How bad was the Treasury market turbulence last month? It was “real and significant” and “unnerving”, but it wasn’t chaotic or even “exceptional” — thanks largely to funding markets remaining remarkably durable. That’s the conclusion … Read more

Sanjeev Gupta’s commodities trading firm to appoint administrators

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Sanjeev Gupta is set to call in administrators to place his main commodities trading business into insolvency, marking the final chapter for one of the controversial metals magnate’s oldest companies. Liberty Commodities, which last month … Read more