Ivy League endowment cash crunch

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

Legal & General acquires real estate investor in private assets push

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Legal & General, the British finance company that is one of Europe’s largest asset managers, has acquired a real estate investor as part of a strategic push into private markets under chief executive António Simões. … Read more

Small banks fuel revival in blank-cheque Spac deals

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. A new cast of boutique banks is fuelling a fresh fervour for blank-cheque companies — one of Wall Street’s hottest and most controversial products during the pandemic-era bull market. Special purpose acquisition vehicles, or Spacs, … Read more

How to block the financial scammers on social media

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Online scams are big business. In the EU, according to the most recent figures, online scammers defrauded consumers out of €4.3bn in 2022. Increasingly, they use sophisticated adverts, including AI-generated “deepfakes” of figures ranging from … Read more