Financial Times News Feed

Firms like Apollo find it hard to shake narratives formed by legacy private equity and distressed debt operations

Fintech completed funding round at $75bn valuation in November

Plus, the trader known as ‘Gags’ prevails in court and a reshuffling inside Berkshire Hathaway

Loss of 6.5% this year for credit strategy extends period of lacklustre performance for Saba Capital

Move by Square Mile’s governing body comes as it seeks to tackle funding shortfall

Ananym Capital pushes for German group to spin off wind business 2 years after government rescue

The FT invites readers to join our campaign to promote financial literacy in the UK and around the world

Debt intended to stabilise the auto parts maker has fallen sharply to trade at about 70 cents on the dollar

Flint Global is latest professional services group to attract private equity buyer

Deal comes amid flurry of private capital tie-ups through Lloyd’s of London market, including Blackstone and AIG

Headcount to be reduced following review by Ben Bernanke that highlighted under-investment in IT

Macy’s and Kohl’s generate surprisingly big chunks of their operating income from their store card businesses

UK regulator plans changes to avoid ‘information overload’ and boost investment

Evolution Capital Management must pay Robert Gagliardi $5.4mn plus interest after High Court judgment

Warren Buffett announces leadership shake-up at conglomerate

Also in today’s newsletter: China’s trade surplus hits $1tn and L’Oréal raises stake in aesthetic injectables group

Plus, bond investors sound alarm, US stocks on the rise and Münter at the Guggenheim

Paris guarded names of private banks holding world’s second biggest accumulation of immobilised Russian state funds

Alexander Wynaendts has reduced his other board commitments after investor criticism

Moves to curb proxy advisers and passive investment giants chip away at foundations of shareholder capitalism

Brazil’s Banco Master was one entrepreneur’s ticket to riches but collapsed last month amid allegations of a $2.3bn fraud

US broker will acquire two businesses to gain entry into one of Asia’s biggest markets

Europe has cards. But will it manage to play them?

Investors bet big on continent’s infrastructure spending spree as European funds raise $311bn

Russian-linked oil tankers and bulk carriers face steepest increases, broker says