Last month the National Association of College and University Business Officers reported that the average American endowment returned 11.2 per cent last year. Huzzah! Trebles all round. Unfortunately, this is slightly worse than what a passive global 70/30 equity/bond portfolio returned in 2024. OK, well maybe it was a weird year. Endowments and their racier … Read more
Stay informed with free updates Simply sign up to the Pensions industry myFT Digest — delivered directly to your inbox. The UK’s £32bn pensions lifeboat has said it will invest 10 per cent of its assets in British infrastructure and scale-up companies if the government expands its remit to allow it to hoover up smaller … Read more
Stay informed with free updates Simply sign up to the US financial regulation myFT Digest — delivered directly to your inbox. The writer is the president and chief executive of the Investment Company Institute The challenge ahead for Donald Trump’s nominee for chair of the Securities and Exchange Commission is to show how the securities … Read more
The world’s first exchange traded fund investing in catastrophe bonds is set to list today on the New York Stock Exchange, opening up a potential source of returns uncorrelated to other asset classes. Cat bonds are securities issued by insurers, reinsurers and governments to offload some of their risk from large-scale disasters. They typically offer … Read more
Klarna’s announcement that it will bring “buy now, pay later” loans to food delivery app DoorDash two weeks ago was intended to showcase the Swedish fintech’s US growth before its long-awaited initial public offering. Instead, it triggered a backlash. The tie-up prompted a flurry of jokes on social media with users comparing taking on debt … Read more
A spiral of light illuminating the night sky captivated observers in Britain and much of Europe on Monday. Its cause: a SpaceX rocket, experts said, after the glowing spectacle ignited widespread curiosity and speculation about its origin. The ethereal display, seen from England to Eastern Europe, resembled a glowing celestial whirlpool in images posted on … Read more
After a stay aboard the International Space Station that unexpectedly stretched to nine and a half months, the NASA astronaut Suni Williams is back to doing something she enjoys on Earth. “I actually went out and ran three miles yesterday,” Ms. Williams, who returned to Earth two weeks ago, said on Monday during a news … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. British Steel’s auditor has warned the company faces “material uncertainty” and requires “further future funding” if it is to survive, in an assessment released only days after its Chinese owner turned down an offer of … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Elon Musk is, among other things, the king of the related party transaction. Almost a decade ago, Tesla bought SolarCity, a clean energy start-up backed by Musk and his brother. Now, the tech billionaire is … Read more
Stay informed with free updates Simply sign up to the Accounting & Consulting services myFT Digest — delivered directly to your inbox. Regulators found fewer mistakes in audits of US companies in 2024, according to new data, in a reversal of a negative trend that began in the pandemic. The Public Company Accounting Oversight Board … Read more