Can the world’s largest listed hedge fund rebound?-Shares in the world’s largest listed hedge fund had fallen 36 per cent in the past year, key strategies were in the red and wealthy individuals were pulling their money. www.ft.com/content/3581... @emdunks.bsky.social @financialtimes.com

On the fight for easier access to CATASTROPHE BONDS! It's 2025: Bet on natural disasters for your retirement security. From @leeharris.ft.com @emdunks.bsky.social. www.ft.com/content/82c7...

Excl: the Pru has kicked off a search to replace chair Shriti Vadera, the former government minister. She was also among the city grandees to be scouted for HSBC’s chair, but sources said she declined www.ft.com/content/7dfa... @leeharris.ft.com

HT @ewan.thekirks.co.uk who I think first told me about this.

Vanguard cuts fund fees as competition in Europe heats up—Debbie Fuhr, founder of research firm ETFGI, said: “What we’re seeing is firms are trying to compete on fees because… www.ft.com/content/8663... @emdunks.bsky.social @financialtimes.com

Excl: L&G, one of Europe’s largest asset managers, is merging divisions and cutting jobs in an attempt to slash costs and focus on faster-growing markets www.ft.com/content/7df4... with @leeharris.ft.com

Excl: Rachel Reeves prepares to launch review of the ISA market in a move that could pave the way for a big shake up, as the government seeks to encourage savers to invest in London-listed stocks www.ft.com/content/2b0a...

Excellent reporting in today’s FT. “Get your hands off our assets.” Sincerely, The UK pensions industry. (Discuss…) @emdunks.bsky.social @georgewparker.bsky.social @henrytapper.bsky.social @stevewebb1.bsky.social @pensionsdave.bsky.social @johnralfe.bsky.social @jonstapleton.bsky.social

ICYMI: Vanguard, one of the world’s largest asset managers, has ruled out re-entering China in its big international push www.ft.com/content/35fd...

Former fund manager Neil Woodford plots comeback with investment service “W4.0” www.ft.com/content/05d8...

New: Russia’s executions of Ukrainian prisoners point to systematic policy. Investigation with @christopherjm.ft.com @joesinft.ft.com @alisonkilling.bsky.social @digitalcampbell.ft.com @peter.andringa.me

this is such a brilliant interview/profile with Peter Mandelson by @georgewparker.bsky.social www.ft.com/content/085e...

City firms urge Rachel Reeves to curb cash Isas - on.ft.com/3WIQBjs via @FT

Today is the 80th anniversary of the liberation of Auschwitz-Birkenau and Holocaust Memorial Day. Please read the testimony of these survivors I had the honour of interviewing ‘I know the Holocaust happened — I was born in a concentration camp’ www.thetimes.com/article/02a0... #holocaust #hmd80

I don't know how many of my followers are the kinds of people who get sizeable annual bonuses. But, if you are, do please fill in this survey for my FT Money colleague Claer Barrett: www.feedback.ft.com/rsp/5df7fef7...

Dame Joan Plowright obituary

Ah, David Lynch, so sad. A mad, creative genius. Will be rewatching Mulholland Drive and Twin Peaks on repeat.

Janus Henderson’s chief exec didn’t hold back yesterday when he told a conference that activist Boaz was “very aggressive,” urging investors to vote against his takeover plans for U.K. investment trusts www.ft.com/content/2118...

Excl: US activist Boaz Weinstein reveals plans for U.K. investment trust takeover. He wants to be dubbed the “white knight” for British retail investors and the London Stock Exchange. But he faces a fierce backlash from the trusts www.ft.com/content/bcf0...

A new career as culture critic beckons www.ft.com/content/7849...

Blue Whale, the fund backed by billionaire Peter Hargreaves, sells major tech stocks due to concerns over their spend on AI www.ft.com/content/3781...

stoked to see business journalist of the year prize go to FT’s awesome @bondhack.bsky.social and Gill Plimmer

Vanguard has overhauled its fees for U.K. customers. “DIY” investors with less than £32,000 will now pay a £4 a month charge, or £48 a year, compared with previous cost of 0.15 per cent… www.ft.com/content/2ff7...

I agree. Pay bosses more like footballers! Pay UK bosses like football stars, says Lord Spencer on.ft.com/4g4F8Cw

🚨 Some personal news 🚨 After nearly five years in Singapore reporting on politics, business, tech and finance in SE Asia, I’ll be moving on. From February I will be the @FT’s Switzerland and Austria correspondent, based in Zurich. Thrilled to be joining the Europe team.

Excl: St James’s Place, the UK’s largest retail wealth manager, is ditching its “lavish” meetings at the o2 and Gleneagles in an attempt to repair its image after years of criticism over its excessive perks www.ft.com/content/73f2...

Excl: St James’s Place, the UK’s largest retail wealth manager, is ditching its “lavish” meetings at the o2 and Gleneagles in an attempt to repair its image after years of criticism over its excessive perks www.ft.com/content/73f2...

BlackRock confirmed our scoop on HPS this morning. The deal accelerates its expansion into alternatives, moving it further beyond publicly traded equities and bonds that have powered its growth since its founding in 1988. It also sets up an interesting fight for retail www.ft.com/content/70a0...

If you read the FT, chances are the kids in your life have a decent grasp of how money works, and they have enough of it to get a proper breakfast before school. If you can, please support our charity appeal to give other children the same opportunity: on.ft.com/3Ziu5hS

Sale of UK tech gem Arm was ‘big mistake’, says Nick Train-Nick Train, one of the UK’s best-known fund managers, has branded the sale of British chip designer Arm “a mistake” that potentially dissuaded… www.ft.com/content/f53e... @financialtimes1.bsky.social @emdunks.bsky.social

Exc interview with U.K. fund manager Nick Train, on Manchester United, Unilever, Rightmove, and how it was a “mistake” to sell british tech gem Arm www.ft.com/content/f53e...

Scoop: investment firm Canaccord explores potential sale of U.K. wealth business, by @ivanlevingston.bsky.social and Harriet Agnew www.ft.com/content/5d11...

Digital bank Revolut says it wants to be a 'lifestyle brand' But for some with longer memories, Revolut’s £1m+ Coachella-inspired mega-party echoes the banking industry's excesses in the lead up to the financial crisis www.theguardian.com/business/202...

Exclusive: U.K. wealth managers warn government over its plan to levy inheritance tax on pensions, saying it will “undermine” the pensions system and risks leaving beneficiaries with higher costs and lengthy delays, with @marymcd.bsky.social www.ft.com/content/785c...

Vanguard says shareholders can vote for profits over ESG issues https://www.ft.com/content/f0516b4b-bdc3-4752-84f6-ee1dc9a7baff

Thousands of investors who bought Neil Woodford’s flagship fund are suing investment site Hargreaves Lansdown for backing the product even as it ran intro trouble. HL managed to avoid a formal probe from the FCA. www.ft.com/content/2af6...

Legal and General to axe jobs in its asset management division following a restructuring (even though CEO said there would be no job cuts earlier this year… 👀) www.ft.com/content/8a1f...

News ed’s piece of the day: our Lunch with Peter Hargreaves in which he becomes (I think) the first Lunchee to order an espresso martini on the FT’s dime (free to read link) Peter Hargreaves: ‘I can never see the point of spending money for the sake of it’ on.ft.com/4epOkjo

A tale of two platforms: BlueSky user numbers have hit a new record high in recent days, while the number of people deleting their accounts on X/Twitter has rocketed 🚀