Financial Times News Feed

Plus, scenes from Cantor’s crypto get-together in Miami and Calpers’ big bet on private equity

Weak housing prices and slowing industrial output point to flagging economic momentum

Newly elevated deputy CEO Giulio Terzariol emerges as strongest internal candidate to replace Philippe Donnet

World’s largest listed hedge fund emerging from a turbulent period for its most famous unit

Building societies warn reduction to allowances will curb mortgage lending, particularly to first-time buyers

Small group of lenders avoided losses on car parts supplier’s collapse by refusing credit or cutting exposure

Asset manager is revamping flagship quant hedge fund to add stockpicking

Freebies, it turns out, were never really free

Asset manager famous for bet against US housing market says stock prices are unhinged from fundamentals

… while pub quiz photographer misses scoop

Andrea Orcel fears loss of equity worth €3.8bn and plays down chance of finding buyer

Hedge fund’s Innsworth arm claims property site overcharges estate agents in £1bn case

Calpers believes private markets will outperform in the long term. Sceptics question its strategy

Plus, a top US law firm weighs taking a private equity investment and Vista Equity plans to replace staff with AI

Blue Pool Capital has set a $750mn target as it expands into external asset management

Scandal over price gouging threatens to upset UK private equity firm’s leadership and reputation

Scotland handed same credit rating as UK ahead of debut ‘kilts’ sale

JPMorgan, BlackRock and Goldman Sachs bosses among more than a dozen top financiers attending event

With local yields rising, domestic investments are becoming more attractive than some international alternatives

Wall Street bank accelerated its move out of the country following Moscow’s full-scale invasion of Ukraine in 2022

One of Japan’s snowiest resorts showcases the coolest in cross-cultural design

Performance has lagged at Paul Singer’s hedge fund amid concerns that large size is barrier to strong returns

This year, Bupa clobbered me with a 15 per cent price increase. I cancelled the policy

Plus, Elliott tells investors its size isn’t affecting returns and Diageo gets a new boss to revive the alcohol giant

Novel restructuring by one of the country’s biggest legal practices could test ethics rules