Financial Times News Feed

Some £238mn is unaccounted for by entities tied to UK bridge-loan provider, creditors allege in court filings

Multi-manager hedge funds have suffered losses amid huge volatility in oil and bond prices

Tribunal kicks off hearing of hedge fund founder’s case against UK financial watchdog

Long-running Iran sanctions-busting case resolved after Turkey helped arrange Gaza ceasefire deal

Listing of new closed-end fund on NYSE would hand backers shares in management company

Private equity firm agrees financing with KKR and Pimco after failing to convince investors to commit to large equity deal

Probe by UK regulator comes after housebuilder’s profit warnings and exit of executive chair

‘Outsmarted’ maker QPlay will use trading platform operated by JP Jenkins ahead of London Stock Exchange’s first foray

The Wall Street bank has been calling hedge funds with a strategy to short software loans

The FTSE 100 group specialising in brownfield development faces tax and regulatory obstacles

Expansion comes despite increased scrutiny of flows from China after high-profile money-laundering scandals

Fears that AI advances will upend the software industry have driven demand for new ways to place wagers

Hedge fund founder says he was acting in the interests of company and investors as he challenges fine and ban by watchdog

Wall Street war of words escalates as heads of US investment bank hit out at Arizona-based lender

None of that pesky public market stuff

Plus, Berkshire’s buyback, hedge funds rethink EM, and Michelangelo and Rodin at the Louvre

Co-CEO of Swiss financial group says country should preserve its competitiveness in the wake of Credit Suisse’s collapse

Buyers of super-prime property are dropping their budgets and shifting their full-time base away from the capital. But it remains an important anchor

US insurer Assured Guaranty has amassed $15bn of exposure to British utilities

Costs driven up by combination of skills shortages, supply-chain issues and complicated modern cars

Data centres, energy projects and hotels move to limit potential losses

Upcoming asset sales are expected to yield as little as $200mn to pay off debt pile of more than $12bn

Market mood ‘has completely changed’ following outbreak of Middle East war

Financier is appealing UK watchdog’s decision to ban and fine him in the wake of sexual misconduct allegations

The move might help asset managers but hurt savers and the economy more broadly