Funds for wealthy investors snap up expensive private equity stakes

Stay informed with free updates Simply sign up to the Private equity myFT Digest — delivered directly to your inbox. Big private equity investors are taking advantage of a flood of capital from wealthy individuals to cash out their buyout fund holdings at higher prices despite the industry’s years-long downturn. Some of the largest evergreen … Read more

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