Warning that banks may find it difficult to manage risks comes a day after HSBC disclosed $400mn hit
The sector remains untested in a severe or prolonged economic downturn
Delayed IPO of €19bn software group Visma was meant to be a crowning moment for PE group Hg — and London
Lawyers for hedge fund boss say that FCA tried to bring sexual harassment case ‘by the back door’
As the original private equity barbarian reaches milestone, the FT interviews its founders and their successors
Loss came via Apollo lending to collapsed mortgage lender MFS
Bank elevates global heads of M&A and risk for investment banking and trading
Former commodities trader’s £12mn lawsuit alleges German lender breached a ‘duty of care’
The sale of the UK’s largest independent asset manager comes after the death of a patriarch and the rise of giant US funds
Investment manager uses ownership structure designed to work around profession’s ban on outside equity capital
Employees will be paid directly for generating business instead of sharing revenue between the group’s units
New consulting company to advise Wall Street groups on how to deploy its AI across their investment portfolios
Simon Sadler of Segantii Capital faces criminal charges over alleged insider trading of clothing retailer Esprit
New legislation pushing the mandatory allocation of investments into private assets conflicts with the fiduciary duty of trustees
Plus, Elliott likens Iran war to battling Nazis, Wall Street piles into Treasuries, and Raphael at The Met
Investors are using the technology to analyse documents but are holding it back from more sensitive tasks
Continuation vehicles and rush for retail money are driving problematic behaviour by industry, warns ILPA executive
The City regulator is set to change the rules on client categorisation
Trading firm brought in record $40bn amid financial market volatility
Real estate and infrastructure commitments help offset weakness in group’s core business
The billionaire investor’s insurer is the biggest user of an unusual investment structure being targeted by US regulators
Growth in headline figure obscures worse than expected $700mn increase in fee-paying assets
Hedge fund Black Diamond claims at least $70mn in damages against audit firm
In its latest letter to investors the hedge fund backed pre-emptive action against ‘hostile power’
Group announces overhaul of restaurants business, putting 3,800 jobs at risk
