Fund management

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o-grid-row"> <div data-o-grid-colspan="12 L3"> <div class="stream-card__date"> <time data-o-component="o-date" class="o-date" data-o-date-format="date-only" datetime="2025-04-10T04:00:58.175Z">Thursday, 10 April, 2025</time> </div> </div> <div data-o-grid-colspan="12 L9"> <div class="stream-item" data-id="35b0c461-cf6d-49f0-a541-b798415c0c5b" data-stream-item> <div class="o-teaser o-teaser--article o-teaser--small o-teaser--has-image o-teaser--opinion js-teaser" data-id="35b0c461-cf6d-49f0-a541-b798415c0c5b"><div class="o-teaser__content"><div class="o-teaser__meta"><span class="o-teaser__tag-prefix">Lex</span><a class="o-teaser__tag" data-trackable="teaser-tag" href="/private-equity" aria-label="Category: Private equity">Private equity</a></div><div class="o-teaser__heading"><a href="/content/35b0c461-cf6d-49f0-a541-b798415c0c5b" data-trackable="heading-link" class="js-teaser-heading-link">Private equity is more stuck than ever — and secondaries will benefit </a><span> <span 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data-id="4ccb7557-c00d-445e-92dd-9e7c508dfcb6" data-stream-item> <div class="o-teaser o-teaser--article o-teaser--small o-teaser--has-image o-teaser--opinion js-teaser" data-id="4ccb7557-c00d-445e-92dd-9e7c508dfcb6"><div class="o-teaser__content"><div class="o-teaser__meta"><span class="o-teaser__tag-prefix">Lex</span></div><div class="o-teaser__heading"><a href="/content/4ccb7557-c00d-445e-92dd-9e7c508dfcb6" data-trackable="heading-link" class="js-teaser-heading-link">Wall Street’s global pre-eminence is at risk in trade war</a><span> <span class="o-labels o-labels--premium o-labels--content-premium">Premium</span><span class="o-normalise-visually-hidden"> content</span></span></div><p class="o-teaser__standfirst"><a href="/content/4ccb7557-c00d-445e-92dd-9e7c508dfcb6" data-trackable="standfirst-link" tabindex="-1" class="js-teaser-standfirst-link">Uncertainty means fewer deals, fundraisings and financings</a></p><div class="o-teaser__action"><span> <form class="n-myft-ui 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class="stream-card__date"> <time data-o-component="o-date" class="o-date" data-o-date-format="date-only" datetime="2025-04-08T15:13:03.320Z">Tuesday, 8 April, 2025</time> </div> </div> <div data-o-grid-colspan="12 L9"> <div class="stream-item" data-id="a368f1e1-da1f-4988-8c76-e814c4fe20c9" data-stream-item> <div class="o-teaser o-teaser--article o-teaser--small o-teaser--has-image js-teaser" data-id="a368f1e1-da1f-4988-8c76-e814c4fe20c9"><div class="o-teaser__content"><div class="o-teaser__meta"><a class="o-teaser__tag" data-trackable="teaser-tag" href="/etf-stream" aria-label="Category: Exchange traded funds">Exchange traded funds</a></div><div class="o-teaser__heading"><a href="/content/a368f1e1-da1f-4988-8c76-e814c4fe20c9" data-trackable="heading-link" class="js-teaser-heading-link">Investors lose $25bn in leveraged ETFs in sector’s biggest meltdown</a></div><p class="o-teaser__standfirst"><a href="/content/a368f1e1-da1f-4988-8c76-e814c4fe20c9" data-trackable="standfirst-link" 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</div> <div data-o-grid-colspan="12 L9"> <div class="stream-item" data-id="3aa6175e-e246-4d4f-81eb-62d6123e4c7c" data-stream-item> <div class="o-teaser o-teaser--article o-teaser--small o-teaser--has-image js-teaser" data-id="3aa6175e-e246-4d4f-81eb-62d6123e4c7c"><div class="o-teaser__content"><div class="o-teaser__meta"><a class="o-teaser__tag" data-trackable="teaser-tag" href="/uk-financial-regulation" aria-label="Category: UK financial regulation">UK financial regulation</a></div><div class="o-teaser__heading"><a href="/content/3aa6175e-e246-4d4f-81eb-62d6123e4c7c" data-trackable="heading-link" class="js-teaser-heading-link">UK to dilute rules for smaller private equity firms and hedge funds</a></div><p class="o-teaser__standfirst"><a href="/content/3aa6175e-e246-4d4f-81eb-62d6123e4c7c" data-trackable="standfirst-link" tabindex="-1" class="js-teaser-standfirst-link">Government proposes lighter regulatory regime in push to encourage investment </a></p><div 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class="o-date" data-o-date-format="date-only" datetime="2025-04-07T05:00:34.224Z">Monday, 7 April, 2025</time> </div> </div> <div data-o-grid-colspan="12 L9"> <div class="stream-item" data-id="2e88e9ef-5026-44e3-89f9-c7a09ae7eefe" data-stream-item> <div class="o-teaser o-teaser--article o-teaser--small o-teaser--has-image js-teaser" data-id="2e88e9ef-5026-44e3-89f9-c7a09ae7eefe"><div class="o-teaser__content"><div class="o-teaser__meta"><a class="o-teaser__tag" data-trackable="teaser-tag" href="/asset-management" aria-label="Category: FT Asset Management">FT Asset Management</a></div><div class="o-teaser__heading"><a href="/content/2e88e9ef-5026-44e3-89f9-c7a09ae7eefe" data-trackable="heading-link" class="js-teaser-heading-link">Hedge funds hit with steep margin calls</a></div><p class="o-teaser__standfirst"><a href="/content/2e88e9ef-5026-44e3-89f9-c7a09ae7eefe" data-trackable="standfirst-link" tabindex="-1" class="js-teaser-standfirst-link">Plus, Fink warns on protectionism, US junk 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data-o-grid-colspan="12 L3"> <div class="stream-card__date"> <time data-o-component="o-date" class="o-date" data-o-date-format="date-only" datetime="2025-04-06T20:00:33.275Z">Sunday, 6 April, 2025</time> </div> </div> <div data-o-grid-colspan="12 L9"> <div class="stream-item" data-id="b7c5aea6-c429-4917-bf35-a4f1b3159f85" data-stream-item> <div class="o-teaser o-teaser--article o-teaser--small o-teaser--has-image js-teaser" data-id="b7c5aea6-c429-4917-bf35-a4f1b3159f85"><div class="o-teaser__content"><div class="o-teaser__meta"><a class="o-teaser__tag" data-trackable="teaser-tag" href="/private-equity" aria-label="Category: Private equity">Private equity</a></div><div class="o-teaser__heading"><a href="/content/b7c5aea6-c429-4917-bf35-a4f1b3159f85" data-trackable="heading-link" class="js-teaser-heading-link">Big investors look to sell out of private equity after market rout</a></div><p class="o-teaser__standfirst"><a href="/content/b7c5aea6-c429-4917-bf35-a4f1b3159f85" data-trackable="standfirst-link" tabindex="-1" class="js-teaser-standfirst-link">Pensions and endowments seek exit from battered portfolios in blow to buyout industry</a></p><div class="o-teaser__action"><span> <form class="n-myft-ui n-myft-ui--save" method="GET" data-content-id="b7c5aea6-c429-4917-bf35-a4f1b3159f85" data-myft-ui="saved" action="/myft/save/b7c5aea6-c429-4917-bf35-a4f1b3159f85" data-js-action="/__myft/api/core/saved/content/b7c5aea6-c429-4917-bf35-a4f1b3159f85?method=put" data-myft-ui-save-config=""> <input data-myft-csrf-token value="" type="hidden" name="token"> <div class="n-myft-ui__announcement o-normalise-visually-hidden" aria-live="assertive" data-pressed-text="Article saved in My FT." data-unpressed-text="Removed article from My FT." ></div> <button type="submit" class="n-myft-ui__save-button-with-icon" data-trackable="save-for-later" title="Save Big investors look to sell out of private equity after market rout to myFT for later" aria-label="Save Big investors 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and Carlyle overlaid on a background of stock market charts"/></div></a></div></div> </div> </div> </li> <li class="o-teaser-collection__item o-grid-row"> <div data-o-grid-colspan="12 L3"> </div> <div data-o-grid-colspan="12 L9"> <div class="stream-item" data-stream-item> <div class="o-teaser o-teaser--native-ad o-teaser--small o-teaser--stream-card" data-o-ads-name="PartnerContent--horizontal" data-o-ads-targeting="pos=native;format=horizontal" data-o-ads-formats="PartnerContent" data-o-ads-component="slot" ></div> </div> </div> </li> <li class="o-teaser-collection__item o-grid-row"> <div data-o-grid-colspan="12 L3"> <div class="stream-card__date"> <time data-o-component="o-date" class="o-date" data-o-date-format="date-only" datetime="2025-04-06T04:00:34.051Z">Sunday, 6 April, 2025</time> </div> </div> <div data-o-grid-colspan="12 L9"> <div class="stream-item" data-id="0c431a83-2c08-4c3d-ac88-a05d3b9be58d" data-stream-item> <div class="o-teaser o-teaser--article o-teaser--small o-teaser--has-image js-teaser" data-id="0c431a83-2c08-4c3d-ac88-a05d3b9be58d"><div class="o-teaser__content"><div class="o-teaser__meta"><a class="o-teaser__tag" data-trackable="teaser-tag" href="/stream/37ed5617-8f86-4210-b635-e461705dd7ce" aria-label="Category: Pension Protection Fund">Pension Protection Fund</a></div><div class="o-teaser__heading"><a href="/content/0c431a83-2c08-4c3d-ac88-a05d3b9be58d" data-trackable="heading-link" class="js-teaser-heading-link">UK ‘superfund’ Clara Pensions to invest more than £3bn into private markets</a></div><p class="o-teaser__standfirst"><a href="/content/0c431a83-2c08-4c3d-ac88-a05d3b9be58d" data-trackable="standfirst-link" tabindex="-1" class="js-teaser-standfirst-link">Move is a boost to government attempts to help kick-start growth in British economy</a></p><div class="o-teaser__action"><span> <form class="n-myft-ui n-myft-ui--save" method="GET" data-content-id="0c431a83-2c08-4c3d-ac88-a05d3b9be58d" data-myft-ui="saved" 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2025</time> </div> </div> <div data-o-grid-colspan="12 L9"> <div class="stream-item" data-id="8da9067a-36c3-4648-9f5f-d81214794c87" data-stream-item> <div class="o-teaser o-teaser--article o-teaser--small o-teaser--has-image o-teaser--opinion js-teaser" data-id="8da9067a-36c3-4648-9f5f-d81214794c87"><div class="o-teaser__content"><div class="o-teaser__meta"><span class="o-teaser__tag-prefix">Skin in the Game</span><a class="o-teaser__tag" data-trackable="teaser-tag" href="/stuart-kirk" aria-label="Category: Stuart Kirk">Stuart Kirk</a></div><div class="o-teaser__heading"><a href="/content/8da9067a-36c3-4648-9f5f-d81214794c87" data-trackable="heading-link" class="js-teaser-heading-link">Sir Keir will love me, I’m doubling down on UK equities</a></div><p class="o-teaser__standfirst"><a href="/content/8da9067a-36c3-4648-9f5f-d81214794c87" data-trackable="standfirst-link" tabindex="-1" class="js-teaser-standfirst-link">It’s finally time to add small-caps to my FTSE 100 exposure 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advert--instream" data-o-ads-targeting="pos=mid;" data-o-ads-center="true" data-o-ads-label="false" data-o-ads-formats-small="MediumRectangle,Responsive,OneByOne" data-o-ads-formats-medium="MediumRectangle,Responsive,OneByOne" data-o-ads-formats-large="false" data-o-ads-formats-extra="false" aria-hidden="true"> </div> </div> </div> </li> <li class="o-teaser-collection__item o-grid-row"> <div data-o-grid-colspan="12 L3"> <div class="stream-card__date"> <time data-o-component="o-date" class="o-date" data-o-date-format="date-only" datetime="2025-04-03T04:00:50.071Z">Thursday, 3 April, 2025</time> </div> </div> <div data-o-grid-colspan="12 L9"> <div class="stream-item" data-id="7f38e24b-4947-4806-a88b-51aa0ae231b3" data-stream-item> <div class="o-teaser o-teaser--article o-teaser--small o-teaser--has-image o-teaser--opinion js-teaser" data-id="7f38e24b-4947-4806-a88b-51aa0ae231b3"><div class="o-teaser__content"><div class="o-teaser__meta"><span class="o-teaser__tag-prefix">Markets Insight</span><a class="o-teaser__tag" data-trackable="teaser-tag" href="/stream/c333d6b9-c4f8-3954-b340-2ac83de751b2" aria-label="Category: David Booth">David Booth</a></div><div class="o-teaser__heading"><a href="/content/7f38e24b-4947-4806-a88b-51aa0ae231b3" data-trackable="heading-link" class="js-teaser-heading-link">In shaky times, investors should hold their nerve </a></div><p class="o-teaser__standfirst"><a href="/content/7f38e24b-4947-4806-a88b-51aa0ae231b3" data-trackable="standfirst-link" tabindex="-1" class="js-teaser-standfirst-link">Trying to time the market can risk missing out on critical days that boost returns</a></p><div class="o-teaser__action"><span> <form class="n-myft-ui n-myft-ui--save" method="GET" data-content-id="7f38e24b-4947-4806-a88b-51aa0ae231b3" data-myft-ui="saved" action="/myft/save/7f38e24b-4947-4806-a88b-51aa0ae231b3" data-js-action="/__myft/api/core/saved/content/7f38e24b-4947-4806-a88b-51aa0ae231b3?method=put" data-myft-ui-save-config=""> <input 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data-trackable="image-link" tabindex="-1" aria-hidden="true"><div class="o-teaser__image-placeholder" style="padding-bottom:56.2391%;"><img class="o-teaser__image o-lazy-load" data-src="https://www.ft.com/__origami/service/image/v2/images/raw/https%3A%2F%2Fd1e00ek4ebabms.cloudfront.net%2Fproduction%2Ff5a3b1b4-404d-4ae1-920e-2c1492674ce5.jpg?source=next&fit=scale-down&dpr=2&width=240" alt="A trader facing screens puts his hands on his head at the New York Stock Exchange in 2008"/></div></a></div></div> </div> </div> </li> <li class="o-teaser-collection__item o-grid-row"> <div data-o-grid-colspan="12 L3"> <div class="stream-card__date"> <time data-o-component="o-date" class="o-date" data-o-date-format="date-only" datetime="2025-04-02T12:30:13.052Z">Wednesday, 2 April, 2025</time> </div> </div> <div data-o-grid-colspan="12 L9"> <div class="stream-item" data-id="5104889e-3e20-44fd-9d24-966add0ac64c" data-stream-item> <div class="o-teaser o-teaser--article o-teaser--small o-teaser--has-image js-teaser" data-id="5104889e-3e20-44fd-9d24-966add0ac64c"><div class="o-teaser__content"><div class="o-teaser__meta"><a class="o-teaser__tag" data-trackable="teaser-tag" href="/greenwashing" aria-label="Category: Greenwashing">Greenwashing</a></div><div class="o-teaser__heading"><a href="/content/5104889e-3e20-44fd-9d24-966add0ac64c" data-trackable="heading-link" class="js-teaser-heading-link">Deutsche Bank’s asset manager fined €25mn over greenwashing scandal </a></div><p class="o-teaser__standfirst"><a href="/content/5104889e-3e20-44fd-9d24-966add0ac64c" data-trackable="standfirst-link" tabindex="-1" class="js-teaser-standfirst-link">Penalty against DWS imposed by German prosecutors follows $19mn settlement with US authorities in 2023</a></p><div class="o-teaser__action"><span> <form class="n-myft-ui n-myft-ui--save" method="GET" data-content-id="5104889e-3e20-44fd-9d24-966add0ac64c" data-myft-ui="saved" action="/myft/save/5104889e-3e20-44fd-9d24-966add0ac64c" data-js-action="/__myft/api/core/saved/content/5104889e-3e20-44fd-9d24-966add0ac64c?method=put" data-myft-ui-save-config=""> <input data-myft-csrf-token value="" type="hidden" name="token"> <div class="n-myft-ui__announcement o-normalise-visually-hidden" aria-live="assertive" data-pressed-text="Article saved in My FT." data-unpressed-text="Removed article from My FT." ></div> <button type="submit" class="n-myft-ui__save-button-with-icon" data-trackable="save-for-later" title="Save Deutsche Bank’s asset manager fined €25mn over greenwashing scandal to myFT for later" aria-label="Save Deutsche Bank’s asset manager fined €25mn over greenwashing scandal to myFT for later" data-alternate-label="Deutsche Bank’s asset manager fined €25mn over greenwashing scandal is Saved to myFT" aria-pressed="false" data-text-variant="save-button-with-icon-copy" data-alternate-text="Saved " data-content-id="5104889e-3e20-44fd-9d24-966add0ac64c" > <span class="save-button-with-icon-copy" data-variant-label>Save</span> </button> </form> </span></div></div><div class="o-teaser__image-container js-teaser-image-container"><a href="/content/5104889e-3e20-44fd-9d24-966add0ac64c" data-trackable="image-link" tabindex="-1" aria-hidden="true"><div class="o-teaser__image-placeholder" style="padding-bottom:56.2375%;"><img class="o-teaser__image o-lazy-load" data-src="https://www.ft.com/__origami/service/image/v2/images/raw/https%3A%2F%2Fd1e00ek4ebabms.cloudfront.net%2Fproduction%2F7565ee88-0f3c-4c59-bccb-17fc883c68ba.jpg?source=next&fit=scale-down&dpr=2&width=240" alt="Montage featuring DWS’s logo against a background of cooling towers"/></div></a></div></div> </div> </div> </li> <li class="o-teaser-collection__item o-grid-row"> <div data-o-grid-colspan="12 L3"> <div class="stream-card__date"> <time data-o-component="o-date" class="o-date" data-o-date-format="date-only" datetime="2025-04-02T05:40:04.949Z">Wednesday, 2 April, 2025</time> </div> </div> <div data-o-grid-colspan="12 L9"> <div class="stream-item" data-id="f08711bb-8880-4dec-81ea-f52370592408" data-stream-item> <div class="o-teaser o-teaser--article o-teaser--small o-teaser--has-image js-teaser" data-id="f08711bb-8880-4dec-81ea-f52370592408"><div class="o-teaser__content"><div class="o-teaser__meta"><a class="o-teaser__tag" data-trackable="teaser-tag" href="/asset-allocation" aria-label="Category: Asset allocation">Asset allocation</a></div><div class="o-teaser__heading"><a href="/content/f08711bb-8880-4dec-81ea-f52370592408" data-trackable="heading-link" class="js-teaser-heading-link">The hidden cost of predictable investment rebalancing </a></div><p class="o-teaser__standfirst"><a href="/content/f08711bb-8880-4dec-81ea-f52370592408" data-trackable="standfirst-link" tabindex="-1" class="js-teaser-standfirst-link">Those basis points add up</a></p><div class="o-teaser__action"><span> <form class="n-myft-ui n-myft-ui--save" method="GET" data-content-id="f08711bb-8880-4dec-81ea-f52370592408" 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data-id="521488c6-1e64-4be0-bb93-a1cc83c0b456" data-stream-item> <div class="o-teaser o-teaser--article o-teaser--small o-teaser--has-image js-teaser" data-id="521488c6-1e64-4be0-bb93-a1cc83c0b456"><div class="o-teaser__content"><div class="o-teaser__meta"><a class="o-teaser__tag" data-trackable="teaser-tag" href="/etf-stream" aria-label="Category: Exchange traded funds">Exchange traded funds</a></div><div class="o-teaser__heading"><a href="/content/521488c6-1e64-4be0-bb93-a1cc83c0b456" data-trackable="heading-link" class="js-teaser-heading-link">Launch of the TOV ‘invest Jewishly’ ETF puts activism to the test</a></div><p class="o-teaser__standfirst"><a href="/content/521488c6-1e64-4be0-bb93-a1cc83c0b456" data-trackable="standfirst-link" tabindex="-1" class="js-teaser-standfirst-link">Fund aims to combat antisemitism and advocate for Israel and Jewish values through engagement with US corporations</a></p><div class="o-teaser__action"><span> <form class="n-myft-ui n-myft-ui--save" 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data-alternate-text="Saved " data-content-id="521488c6-1e64-4be0-bb93-a1cc83c0b456" > <span class="save-button-with-icon-copy" data-variant-label>Save</span> </button> </form> </span></div></div><div class="o-teaser__image-container js-teaser-image-container"><a href="/content/521488c6-1e64-4be0-bb93-a1cc83c0b456" data-trackable="image-link" tabindex="-1" aria-hidden="true"><div class="o-teaser__image-placeholder" style="padding-bottom:56.2199%;"><img class="o-teaser__image o-lazy-load" data-src="https://www.ft.com/__origami/service/image/v2/images/raw/https%3A%2F%2Fd1e00ek4ebabms.cloudfront.net%2Fproduction%2F03d800af-8fd0-400c-8815-968a58f954bc.jpg?source=next&fit=scale-down&dpr=2&width=240" alt="Ari Hoffnung"/></div></a></div></div> </div> </div> </li> <li class="o-teaser-collection__item o-grid-row"> <div data-o-grid-colspan="12 L3"> <div class="stream-card__date"> <time data-o-component="o-date" class="o-date" data-o-date-format="date-only" datetime="2025-04-01T21:18:07.363Z">Tuesday, 1 April, 2025</time> </div> </div> <div data-o-grid-colspan="12 L9"> <div class="stream-item" data-id="6d0a240b-db56-4eb6-9db2-dfaf889943e0" data-stream-item> <div class="o-teaser o-teaser--article o-teaser--small o-teaser--has-image js-teaser" data-id="6d0a240b-db56-4eb6-9db2-dfaf889943e0"><div class="o-teaser__content"><div class="o-teaser__meta"><a class="o-teaser__tag" data-trackable="teaser-tag" href="/gold" aria-label="Category: Gold">Gold</a></div><div class="o-teaser__heading"><a href="/content/6d0a240b-db56-4eb6-9db2-dfaf889943e0" data-trackable="heading-link" class="js-teaser-heading-link">Investors flock to gold funds as fears over Trump tariffs mount</a></div><p class="o-teaser__standfirst"><a href="/content/6d0a240b-db56-4eb6-9db2-dfaf889943e0" data-trackable="standfirst-link" tabindex="-1" class="js-teaser-standfirst-link">Biggest inflow since onset of pandemic pushes bullion to fresh highs as traders hunt for haven assets</a></p><div class="o-teaser__action"><span> <form class="n-myft-ui n-myft-ui--save" method="GET" data-content-id="6d0a240b-db56-4eb6-9db2-dfaf889943e0" data-myft-ui="saved" action="/myft/save/6d0a240b-db56-4eb6-9db2-dfaf889943e0" data-js-action="/__myft/api/core/saved/content/6d0a240b-db56-4eb6-9db2-dfaf889943e0?method=put" data-myft-ui-save-config=""> <input data-myft-csrf-token value="" type="hidden" name="token"> <div class="n-myft-ui__announcement o-normalise-visually-hidden" aria-live="assertive" data-pressed-text="Article saved in My FT." data-unpressed-text="Removed article from My FT." ></div> <button type="submit" class="n-myft-ui__save-button-with-icon" data-trackable="save-for-later" title="Save Investors flock to gold funds as fears over Trump tariffs mount to myFT for later" aria-label="Save Investors flock to gold funds as fears over Trump tariffs mount to myFT for later" data-alternate-label="Investors flock to gold funds as fears over Trump tariffs mount is Saved 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data-o-grid-colspan="12 L9"> <div class="stream-item" data-stream-item> <div class="o-ads o-ads advert advert--instream" data-o-ads-targeting="pos=mid1;" data-o-ads-center="true" data-o-ads-label="false" data-o-ads-formats-small="MediumRectangle,Responsive,OneByOne" data-o-ads-formats-medium="MediumRectangle,Responsive,OneByOne" data-o-ads-formats-large="false" data-o-ads-formats-extra="false" aria-hidden="true"> </div> </div> </div> </li> <li class="o-teaser-collection__item o-grid-row"> <div data-o-grid-colspan="12 L3"> <div class="stream-card__date"> <time data-o-component="o-date" class="o-date" data-o-date-format="date-only" datetime="2025-04-01T06:35:50.448Z">Tuesday, 1 April, 2025</time> </div> </div> <div data-o-grid-colspan="12 L9"> <div class="stream-item" data-id="3d29eaff-8e94-48ee-8ff0-08ee20a94d57" data-stream-item> <div class="o-teaser o-teaser--article o-teaser--small o-teaser--has-image js-teaser" data-id="3d29eaff-8e94-48ee-8ff0-08ee20a94d57"><div class="o-teaser__content"><div class="o-teaser__meta"><a class="o-teaser__tag" data-trackable="teaser-tag" href="/investing-in-funds" aria-label="Category: Investing in funds">Investing in funds</a></div><div class="o-teaser__heading"><a href="/content/3d29eaff-8e94-48ee-8ff0-08ee20a94d57" data-trackable="heading-link" class="js-teaser-heading-link">The death of the Yale Model?</a></div><p class="o-teaser__standfirst"><a href="/content/3d29eaff-8e94-48ee-8ff0-08ee20a94d57" data-trackable="standfirst-link" tabindex="-1" class="js-teaser-standfirst-link">Alternative tales of investment returns</a></p><div class="o-teaser__action"><span> <form class="n-myft-ui n-myft-ui--save" method="GET" data-content-id="3d29eaff-8e94-48ee-8ff0-08ee20a94d57" data-myft-ui="saved" action="/myft/save/3d29eaff-8e94-48ee-8ff0-08ee20a94d57" data-js-action="/__myft/api/core/saved/content/3d29eaff-8e94-48ee-8ff0-08ee20a94d57?method=put" data-myft-ui-save-config=""> <input data-myft-csrf-token value="" 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style="padding-bottom:56.2821%;"><img class="o-teaser__image o-lazy-load" data-src="https://www.ft.com/__origami/service/image/v2/images/raw/https%3A%2F%2Fd1e00ek4ebabms.cloudfront.net%2Fproduction%2F280fc57a-bed3-4383-bc7a-c179b15330e3.jpg?source=next&fit=scale-down&dpr=2&width=240" alt=""/></div></a></div></div> </div> </div> </li> <li class="o-teaser-collection__item o-grid-row"> <div data-o-grid-colspan="12 L3"> <div class="stream-card__date"> <time data-o-component="o-date" class="o-date" data-o-date-format="date-only" datetime="2025-04-01T04:00:48.638Z">Tuesday, 1 April, 2025</time> </div> </div> <div data-o-grid-colspan="12 L9"> <div class="stream-item" data-id="6465b1de-d476-4920-94ce-849d93116233" data-stream-item> <div class="o-teaser o-teaser--article o-teaser--small o-teaser--has-image js-teaser" data-id="6465b1de-d476-4920-94ce-849d93116233"><div class="o-teaser__content"><div class="o-teaser__meta"><a class="o-teaser__tag" data-trackable="teaser-tag" href="/etf-stream" aria-label="Category: Exchange traded funds">Exchange traded funds</a></div><div class="o-teaser__heading"><a href="/content/6465b1de-d476-4920-94ce-849d93116233" data-trackable="heading-link" class="js-teaser-heading-link">First cat bond ETF opens new frontier in low-correlation returns</a></div><p class="o-teaser__standfirst"><a href="/content/6465b1de-d476-4920-94ce-849d93116233" data-trackable="standfirst-link" tabindex="-1" class="js-teaser-standfirst-link">Catastrophe bonds linked to randomly occurring natural disasters were previously considered too illiquid for ETFs</a></p><div class="o-teaser__action"><span> <form class="n-myft-ui n-myft-ui--save" method="GET" data-content-id="6465b1de-d476-4920-94ce-849d93116233" data-myft-ui="saved" action="/myft/save/6465b1de-d476-4920-94ce-849d93116233" data-js-action="/__myft/api/core/saved/content/6465b1de-d476-4920-94ce-849d93116233?method=put" data-myft-ui-save-config=""> <input data-myft-csrf-token value="" type="hidden" name="token"> 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tabindex="-1" aria-hidden="true"><div class="o-teaser__image-placeholder" style="padding-bottom:56.2581%;"><img class="o-teaser__image o-lazy-load" data-src="https://www.ft.com/__origami/service/image/v2/images/raw/https%3A%2F%2Fd1e00ek4ebabms.cloudfront.net%2Fproduction%2Fd281bbf5-c1c8-4193-9b62-7cee351d480a.jpg?source=next&fit=scale-down&dpr=2&width=240" alt=""/></div></a></div></div> </div> </div> </li> <li class="o-teaser-collection__item o-grid-row"> <div data-o-grid-colspan="12 L3"> <div class="stream-card__date"> <time data-o-component="o-date" class="o-date" data-o-date-format="date-only" datetime="2025-04-01T04:00:48.518Z">Tuesday, 1 April, 2025</time> </div> </div> <div data-o-grid-colspan="12 L9"> <div class="stream-item" data-id="1604b4f5-2909-4adf-a173-4fde9dc61f7a" data-stream-item> <div class="o-teaser o-teaser--article o-teaser--small o-teaser--has-image o-teaser--opinion js-teaser" data-id="1604b4f5-2909-4adf-a173-4fde9dc61f7a"><div class="o-teaser__content"><div class="o-teaser__meta"><span class="o-teaser__tag-prefix">Markets Insight</span><a class="o-teaser__tag" data-trackable="teaser-tag" href="/stream/c929b44b-63a9-4d37-86b6-bf26f9c3965b" aria-label="Category: Eric Pan">Eric Pan</a></div><div class="o-teaser__heading"><a href="/content/1604b4f5-2909-4adf-a173-4fde9dc61f7a" data-trackable="heading-link" class="js-teaser-heading-link">Under Trump, the SEC should open up private markets to retail investors</a></div><p class="o-teaser__standfirst"><a href="/content/1604b4f5-2909-4adf-a173-4fde9dc61f7a" data-trackable="standfirst-link" tabindex="-1" class="js-teaser-standfirst-link">Regulated funds are the natural bridge to allow individuals greater access </a></p><div class="o-teaser__action"><span> <form class="n-myft-ui n-myft-ui--save" method="GET" data-content-id="1604b4f5-2909-4adf-a173-4fde9dc61f7a" data-myft-ui="saved" action="/myft/save/1604b4f5-2909-4adf-a173-4fde9dc61f7a" data-js-action="/__myft/api/core/saved/content/1604b4f5-2909-4adf-a173-4fde9dc61f7a?method=put" data-myft-ui-save-config=""> <input data-myft-csrf-token value="" type="hidden" name="token"> <div class="n-myft-ui__announcement o-normalise-visually-hidden" aria-live="assertive" data-pressed-text="Article saved in My FT." data-unpressed-text="Removed article from My FT." ></div> <button type="submit" class="n-myft-ui__save-button-with-icon" data-trackable="save-for-later" title="Save Under Trump, the SEC should open up private markets to retail investors to myFT for later" aria-label="Save Under Trump, the SEC should open up private markets to retail investors to myFT for later" data-alternate-label="Under Trump, the SEC should open up private markets to retail investors is Saved to myFT" aria-pressed="false" data-text-variant="save-button-with-icon-copy" data-alternate-text="Saved " data-content-id="1604b4f5-2909-4adf-a173-4fde9dc61f7a" > <span class="save-button-with-icon-copy" data-variant-label>Save</span> </button> </form> </span></div></div><div class="o-teaser__image-container js-teaser-image-container"><a href="/content/1604b4f5-2909-4adf-a173-4fde9dc61f7a" data-trackable="image-link" tabindex="-1" aria-hidden="true"><div class="o-teaser__image-placeholder" style="padding-bottom:56.2691%;"><img class="o-teaser__image o-lazy-load" data-src="https://www.ft.com/__origami/service/image/v2/images/raw/https%3A%2F%2Fd1e00ek4ebabms.cloudfront.net%2Fproduction%2Ff4da40dc-7c7d-4488-a6a7-b3749831816c.jpg?source=next&fit=scale-down&dpr=2&width=240" alt="Paul Atkins"/></div></a></div></div> </div> </div> </li> <li class="o-teaser-collection__item o-grid-row"> <div data-o-grid-colspan="12 L3"> <div class="stream-card__date"> <time data-o-component="o-date" class="o-date" data-o-date-format="date-only" datetime="2025-04-01T04:00:48.511Z">Tuesday, 1 April, 2025</time> </div> </div> <div data-o-grid-colspan="12 L9"> <div class="stream-item" data-id="2f232445-1af4-499a-87df-11b2356cae90" data-stream-item> <div class="o-teaser o-teaser--article o-teaser--small o-teaser--has-image js-teaser" data-id="2f232445-1af4-499a-87df-11b2356cae90"><div class="o-teaser__content"><div class="o-teaser__meta"><a class="o-teaser__tag" data-trackable="teaser-tag" href="/pensions-industry" aria-label="Category: Pensions industry">Pensions industry</a></div><div class="o-teaser__heading"><a href="/content/2f232445-1af4-499a-87df-11b2356cae90" data-trackable="heading-link" class="js-teaser-heading-link">Pension Protection Fund vows to invest more in ‘juicy’ UK assets </a></div><p class="o-teaser__standfirst"><a href="/content/2f232445-1af4-499a-87df-11b2356cae90" data-trackable="standfirst-link" tabindex="-1" class="js-teaser-standfirst-link">Britain’s £32bn lifeboat scheme says it will invest in infrastructure and scale-up companies if allowed to grow</a></p><div class="o-teaser__action"><span> <form class="n-myft-ui n-myft-ui--save" method="GET" data-content-id="2f232445-1af4-499a-87df-11b2356cae90" data-myft-ui="saved" action="/myft/save/2f232445-1af4-499a-87df-11b2356cae90" data-js-action="/__myft/api/core/saved/content/2f232445-1af4-499a-87df-11b2356cae90?method=put" data-myft-ui-save-config=""> <input data-myft-csrf-token value="" type="hidden" name="token"> <div class="n-myft-ui__announcement o-normalise-visually-hidden" aria-live="assertive" data-pressed-text="Article saved in My FT." data-unpressed-text="Removed article from My FT." ></div> <button type="submit" class="n-myft-ui__save-button-with-icon" data-trackable="save-for-later" title="Save Pension Protection Fund vows to invest more in ‘juicy’ UK assets to myFT for later" aria-label="Save Pension Protection Fund vows to invest more in ‘juicy’ UK assets to myFT for later" data-alternate-label="Pension Protection Fund vows to invest more in ‘juicy’ UK assets is Saved to myFT" aria-pressed="false" data-text-variant="save-button-with-icon-copy" data-alternate-text="Saved " data-content-id="2f232445-1af4-499a-87df-11b2356cae90" > <span class="save-button-with-icon-copy" data-variant-label>Save</span> </button> </form> </span></div></div><div class="o-teaser__image-container js-teaser-image-container"><a href="/content/2f232445-1af4-499a-87df-11b2356cae90" data-trackable="image-link" tabindex="-1" aria-hidden="true"><div class="o-teaser__image-placeholder" style="padding-bottom:56.2853%;"><img class="o-teaser__image o-lazy-load" data-src="https://www.ft.com/__origami/service/image/v2/images/raw/https%3A%2F%2Fd1e00ek4ebabms.cloudfront.net%2Fproduction%2F8e590d07-5432-4b6c-9fa0-d69bc0d39ecc.jpg?source=next&fit=scale-down&dpr=2&width=240" alt="Pension Protection Fund chief executive Michelle Ostermann and Kate Jones, its chair"/></div></a></div></div> </div> </div> </li> <li class="o-teaser-collection__item o-grid-row"> <div data-o-grid-colspan="12 L3"> <div class="stream-card__date"> <time data-o-component="o-date" class="o-date" data-o-date-format="date-only" datetime="2025-03-31T10:00:16.063Z">Monday, 31 March, 2025</time> </div> </div> <div data-o-grid-colspan="12 L9"> <div class="stream-item" data-id="6e1783ef-8e05-446b-be23-6458c6e80dfa" data-stream-item> <div class="o-teaser o-teaser--article o-teaser--small o-teaser--has-image js-teaser" data-id="6e1783ef-8e05-446b-be23-6458c6e80dfa"><div class="o-teaser__content"><div class="o-teaser__meta"><a class="o-teaser__tag" data-trackable="teaser-tag" href="/stream/2b9e833d-3b34-428d-8d2e-0da75ff037df" aria-label="Category: BlackRock Inc">BlackRock Inc</a></div><div class="o-teaser__heading"><a href="/content/6e1783ef-8e05-446b-be23-6458c6e80dfa" data-trackable="heading-link" class="js-teaser-heading-link">Larry Fink warns ‘protectionism has returned with force’ </a></div><p class="o-teaser__standfirst"><a href="/content/6e1783ef-8e05-446b-be23-6458c6e80dfa" data-trackable="standfirst-link" tabindex="-1" class="js-teaser-standfirst-link">BlackRock boss tells shareholders people are more anxious about the economy than at any time in recent memory</a></p><div class="o-teaser__action"><span> <form class="n-myft-ui n-myft-ui--save" method="GET" data-content-id="6e1783ef-8e05-446b-be23-6458c6e80dfa" data-myft-ui="saved" action="/myft/save/6e1783ef-8e05-446b-be23-6458c6e80dfa" data-js-action="/__myft/api/core/saved/content/6e1783ef-8e05-446b-be23-6458c6e80dfa?method=put" data-myft-ui-save-config=""> <input data-myft-csrf-token value="" type="hidden" name="token"> <div class="n-myft-ui__announcement o-normalise-visually-hidden" aria-live="assertive" data-pressed-text="Article saved in My FT." data-unpressed-text="Removed article from My FT." ></div> <button type="submit" class="n-myft-ui__save-button-with-icon" data-trackable="save-for-later" title="Save Larry Fink warns ‘protectionism has returned with force’ to myFT for later" aria-label="Save Larry Fink warns ‘protectionism has returned with force’ to myFT for later" data-alternate-label="Larry Fink warns ‘protectionism has returned with force’ is Saved to myFT" aria-pressed="false" data-text-variant="save-button-with-icon-copy" data-alternate-text="Saved " data-content-id="6e1783ef-8e05-446b-be23-6458c6e80dfa" > <span class="save-button-with-icon-copy" data-variant-label>Save</span> </button> </form> </span></div></div><div class="o-teaser__image-container js-teaser-image-container"><a href="/content/6e1783ef-8e05-446b-be23-6458c6e80dfa" data-trackable="image-link" tabindex="-1" aria-hidden="true"><div class="o-teaser__image-placeholder" style="padding-bottom:56.2445%;"><img class="o-teaser__image o-lazy-load" data-src="https://www.ft.com/__origami/service/image/v2/images/raw/https%3A%2F%2Fd1e00ek4ebabms.cloudfront.net%2Fproduction%2F23685fa1-9d37-4f4c-9683-a5066c1c9162.jpg?source=next&fit=scale-down&dpr=2&width=240" alt="Larry Fink speaking"/></div></a></div></div> </div> </div> </li> <li class="o-teaser-collection__item o-grid-row"> <div data-o-grid-colspan="12 L3"> <div class="stream-card__date"> <time data-o-component="o-date" class="o-date" data-o-date-format="date-only" datetime="2025-03-31T05:00:15.647Z">Monday, 31 March, 2025</time> </div> </div> <div data-o-grid-colspan="12 L9"> <div class="stream-item" data-id="408cc5a0-28bc-4316-af2e-6bfc70c8611b" data-stream-item> <div class="o-teaser o-teaser--article o-teaser--small o-teaser--has-image js-teaser" data-id="408cc5a0-28bc-4316-af2e-6bfc70c8611b"><div class="o-teaser__content"><div class="o-teaser__meta"><a class="o-teaser__tag" data-trackable="teaser-tag" href="/asset-management" aria-label="Category: FT Asset Management">FT Asset Management</a></div><div class="o-teaser__heading"><a href="/content/408cc5a0-28bc-4316-af2e-6bfc70c8611b" data-trackable="heading-link" class="js-teaser-heading-link">Reversing Buffett’s ‘big’ mistake</a></div><p class="o-teaser__standfirst"><a href="/content/408cc5a0-28bc-4316-af2e-6bfc70c8611b" data-trackable="standfirst-link" tabindex="-1" class="js-teaser-standfirst-link">Plus, the rise of active ETFs, the most value destructive funds, and Splash! at the Design Museum</a></p><div class="o-teaser__action"><span> <form class="n-myft-ui n-myft-ui--save" method="GET" data-content-id="408cc5a0-28bc-4316-af2e-6bfc70c8611b" data-myft-ui="saved" action="/myft/save/408cc5a0-28bc-4316-af2e-6bfc70c8611b" data-js-action="/__myft/api/core/saved/content/408cc5a0-28bc-4316-af2e-6bfc70c8611b?method=put" data-myft-ui-save-config=""> <input data-myft-csrf-token value="" type="hidden" name="token"> <div class="n-myft-ui__announcement o-normalise-visually-hidden" aria-live="assertive" data-pressed-text="Article saved in My FT." data-unpressed-text="Removed article from My FT." ></div> <button type="submit" class="n-myft-ui__save-button-with-icon" data-trackable="save-for-later" title="Save Reversing Buffett’s ‘big’ mistake to myFT for later" aria-label="Save Reversing Buffett’s ‘big’ mistake to myFT for later" 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class="stream-card__date"> <time data-o-component="o-date" class="o-date" data-o-date-format="date-only" datetime="2025-03-31T04:00:16.030Z">Monday, 31 March, 2025</time> </div> </div> <div data-o-grid-colspan="12 L9"> <div class="stream-item" data-id="21ea0b48-1df1-4ba5-99b4-1b05e214a538" data-stream-item> <div class="o-teaser o-teaser--article o-teaser--small o-teaser--has-image js-teaser" data-id="21ea0b48-1df1-4ba5-99b4-1b05e214a538"><div class="o-teaser__content"><div class="o-teaser__meta"><a class="o-teaser__tag" data-trackable="teaser-tag" href="/ipos" aria-label="Category: IPOs">IPOs</a></div><div class="o-teaser__heading"><a href="/content/21ea0b48-1df1-4ba5-99b4-1b05e214a538" data-trackable="heading-link" class="js-teaser-heading-link">Europe must act to stop tech start-ups leaving to list in US, Swedish PM warns</a></div><p class="o-teaser__standfirst"><a href="/content/21ea0b48-1df1-4ba5-99b4-1b05e214a538" data-trackable="standfirst-link" tabindex="-1" class="js-teaser-standfirst-link">Ulf Kristersson calls for EU capital markets union to put halt to exodus of homegrown companies</a></p><div class="o-teaser__action"><span> <form class="n-myft-ui n-myft-ui--save" method="GET" data-content-id="21ea0b48-1df1-4ba5-99b4-1b05e214a538" data-myft-ui="saved" action="/myft/save/21ea0b48-1df1-4ba5-99b4-1b05e214a538" data-js-action="/__myft/api/core/saved/content/21ea0b48-1df1-4ba5-99b4-1b05e214a538?method=put" data-myft-ui-save-config=""> <input data-myft-csrf-token value="" type="hidden" name="token"> <div class="n-myft-ui__announcement o-normalise-visually-hidden" aria-live="assertive" data-pressed-text="Article saved in My FT." data-unpressed-text="Removed article from My FT." ></div> <button type="submit" class="n-myft-ui__save-button-with-icon" data-trackable="save-for-later" title="Save Europe must act to stop tech start-ups leaving to list in US, Swedish PM warns to myFT for later" aria-label="Save Europe must act to stop tech start-ups leaving to list in US, Swedish PM warns to myFT for later" data-alternate-label="Europe must act to stop tech start-ups leaving to list in US, Swedish PM warns is Saved to myFT" aria-pressed="false" data-text-variant="save-button-with-icon-copy" data-alternate-text="Saved " data-content-id="21ea0b48-1df1-4ba5-99b4-1b05e214a538" > <span class="save-button-with-icon-copy" data-variant-label>Save</span> </button> </form> </span></div></div><div class="o-teaser__image-container js-teaser-image-container"><a href="/content/21ea0b48-1df1-4ba5-99b4-1b05e214a538" data-trackable="image-link" tabindex="-1" aria-hidden="true"><div class="o-teaser__image-placeholder" style="padding-bottom:56.2445%;"><img class="o-teaser__image o-lazy-load" data-src="https://www.ft.com/__origami/service/image/v2/images/raw/https%3A%2F%2Fd1e00ek4ebabms.cloudfront.net%2Fproduction%2F81e5368f-48ca-448d-bad7-1574708a7124.jpg?source=next&fit=scale-down&dpr=2&width=240" alt="Spotify, the music streaming service, listed in New York in 2018"/></div></a></div></div> </div> </div> </li> <li class="o-teaser-collection__item o-grid-row"> <div data-o-grid-colspan="12 L3"> <div class="stream-card__date"> <time data-o-component="o-date" class="o-date" data-o-date-format="date-only" datetime="2025-03-30T05:18:41.472Z">Sunday, 30 March, 2025</time> </div> </div> <div data-o-grid-colspan="12 L9"> <div class="stream-item" data-id="9aa53288-d650-44dc-8ba0-88d5641720eb" data-stream-item> <div class="o-teaser o-teaser--article o-teaser--small o-teaser--has-image js-teaser" data-id="9aa53288-d650-44dc-8ba0-88d5641720eb"><div class="o-teaser__content"><div class="o-teaser__meta"><span class="o-teaser__tag-prefix">Interview</span><a class="o-teaser__tag" data-trackable="teaser-tag" href="/pensions-industry" aria-label="Category: Pensions industry">Pensions industry</a></div><div class="o-teaser__heading"><a href="/content/9aa53288-d650-44dc-8ba0-88d5641720eb" data-trackable="heading-link" class="js-teaser-heading-link">Dutch pensions to invest €100bn in risky assets boosting Europe’s defence efforts</a></div><p class="o-teaser__standfirst"><a href="/content/9aa53288-d650-44dc-8ba0-88d5641720eb" data-trackable="standfirst-link" tabindex="-1" class="js-teaser-standfirst-link">APG boss says largest part of investment to be within bloc owing to ‘attractive valuations’</a></p><div class="o-teaser__action"><span> <form class="n-myft-ui n-myft-ui--save" method="GET" data-content-id="9aa53288-d650-44dc-8ba0-88d5641720eb" data-myft-ui="saved" action="/myft/save/9aa53288-d650-44dc-8ba0-88d5641720eb" data-js-action="/__myft/api/core/saved/content/9aa53288-d650-44dc-8ba0-88d5641720eb?method=put" data-myft-ui-save-config=""> <input data-myft-csrf-token value="" type="hidden" name="token"> <div class="n-myft-ui__announcement o-normalise-visually-hidden" aria-live="assertive" data-pressed-text="Article saved in My FT." data-unpressed-text="Removed article from My FT." ></div> <button 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data-src="https://www.ft.com/__origami/service/image/v2/images/raw/https%3A%2F%2Fd1e00ek4ebabms.cloudfront.net%2Fproduction%2Fc2f3e646-47d6-4ea9-a807-f3581725001b.jpg?source=next&fit=scale-down&dpr=2&width=240" alt="APG Asset Management chief executive Ronald Wuijster"/></div></a></div></div> </div> </div> </li> <li class="o-teaser-collection__item o-grid-row"> <div data-o-grid-colspan="12 L3"> <div class="stream-card__date"> <time data-o-component="o-date" class="o-date" data-o-date-format="date-only" datetime="2025-03-29T05:00:56.411Z">Saturday, 29 March, 2025</time> </div> </div> <div data-o-grid-colspan="12 L9"> <div class="stream-item" data-id="dd6a0b4d-ac16-4d87-afaf-c023ca47acf6" data-stream-item> <div class="o-teaser o-teaser--article o-teaser--small o-teaser--has-image js-teaser" data-id="dd6a0b4d-ac16-4d87-afaf-c023ca47acf6"><div class="o-teaser__content"><div class="o-teaser__meta"><a class="o-teaser__tag" data-trackable="teaser-tag" href="/indian-economy" 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