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“[Clients] don’t want to talk to losers” Very nice from Harriet Agnew and Brooke Masters ft.com/content/bc1b6e…

🇬🇧 Stockpicking Funds Suffer $450bn Of Outflows As Passive Trackers Clean Up ▫Performance trails indices gains ▫Struggle to justify high fee ▫Big Tech supremacy adds to strain ▫Harriet Agnew Brooke Masters #frontpagestoday #UK Financial Times 🇬🇧

Stockpicking funds suffer record $450bn of outflows Shift into passive strategies and #ETFs has accelerated as performance of pricier mutual funds lags behind benchmarks Harriet Agnew and Brooke Masters Financial Times ft.com/content/80d34a…

Top BlackRock executive Mark Wiedman to exit scoop via ⁦Brooke Masters⁩ What a day to be to Jamie Dimon and Larry Fink! Large and in charge on.ft.com/3WeTlVJ

"One way to think about Boaz Weinstein’s attack on UK investment trusts is as if it were the Old Firm derby. The outcome is hugely important for those involved and irrelevant to nearly everyone else. A third group of observers ... hope both sides lose." ft.com/content/437e6a…

The theme of this week: None of the big dogs on Wall Street are going anywhere. Marc Rowan will remain as chief executive of Apollo Global Management for the next five years, cementing his leadership of the $700bn investment powerhouse ft.com/content/aec934… via Antoine Gara

The largest private equity fund raised in recent memory is a fund to buy private equity fund stakes from investors overexposed to the asset class... A sign of the times. Harriet Agnew Alexandra Heal and myself. ft.com/content/915e55…

Davos hits ‘peak pessimism’ on Europe as US exuberance rises via ⁦Sam Fleming (FT)⁩ ⁦Ben Hall⁩ ⁦Harriet Agnew⁩ on.ft.com/4gfSefn

Hear from over 30 c-suite leaders to discover and discuss the trends reshaping the asset management industry. Register now

Our new top diplomat to America speaks:

🚨🚨🚨job alert 🚨🚨🚨Come join us to cover Wall St in an era of unprecedented upheaval with the best people in NYC. Joshua Franklin Sujeet Indap Antoine Gara Eric Platt Amelia Pollard Maria Heeter Robert Armstrong Oliver Barnes and Sun Yu! job-boards.eu.greenhouse.io/financialtimes…

The star traders’ dilemma: can billionaire hedge fund managers Alan Howard and Chris Rokos preserve their legacy? FT big read with Harriet Agnew on.ft.com/3XuVHQZ

😏 on.ft.com/4jfPAsj

A late Friday scoop: European buyout group CVC has explored a deal for $75bn private credit lender Golub Capital, sources tell the Financial Times. Story with Harriet Agnew Alexandra Heal Robert Smith ft.com/content/536ca1…

NEW Some of the world’s biggest pension funds - from Canada to Denmark - are halting or reassessing their private market investments into the US, saying they will not resume until the country stabilises after Donald Trump’s erratic policy blitz. ft.com/content/6eea22…

“The US has benefited from reserve currency status for 100 years. It’s taken less than 100 days to unwind it.” on.ft.com/4jauXxN

Big scoop from team FT on China's sovereign wealth funds pulling back from US PE amid trade war tensions. One of the biggest LPs out there, further evidence that a trade war is impacting capital flows. Harriet Agnew Alexandra Heal Kaye Wiggins & myself. ft.com/content/478c1c…

Scoop: Jane Street trading revenues nearly doubled in 2024 to more than $20bn and the boom continued into Q1 amid the tariff-induced market turmoil ft.com/content/24fea1…

How Pope Francis’s reforms failed to close the Vatican’s financial gap via ⁦Silvia Sciorilli Borrelli⁩ ⁦Harriet Agnew⁩ on.ft.com/4jCWNmJ

Nice piece from my colleague Robert Armstrong on Warren Buffett highlights an important point - how he managed the liability side of Berkshire Hathaway's balance sheet was as important as how he managed the asset side. ft.com/content/48f9f3… via @ft