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The details of Jane Street’s alleged ‘sinister scheme’ in India on.ft.com/40CGcI7

The US trade deficit with Europe totalled almost $140bn in just the first five months of 2025. But yeah there’s no industry left here, we don’t make anything etc etc.

Not the most important thing here, but a periodic reminder that journalists remember PRs that lie, and tell other journalists about it. on.ft.com/3If9Cpx

Another problem with IRRs on.ft.com/3Igyugz

It doesn’t look like Jane Street is rolling over. on.ft.com/3IvlrYA

Steel-manning Jane Street’s Indian defence on.ft.com/40H7s8e

Not sure the people here would call me “benevolent”.

Where have all the risk premia gone? on.ft.com/45TJAlq

Tell him there’s always Utd.

Nikita Bier seems to have lasted less than one Scaramucci as head of product at X.

Shein’s IPO risk factors farce on.ft.com/4nyYILj

India netted Jane Street a profit of $4bn+ in just 2 years. But SEBI's ban (impounding $567mn) and a wider probe in the quirky but successful Wall St. giant's activities now threatens its global reputation & money machine. W/ Robin Wigglesworth & Chris Kay ft.com/content/678951…

In 2007 Ted Seides made a $1mn bet with Warren Buffett that hedge funds would beat an S&P 500 index fund over a decade. He lost. Ted Seides is now proposing a new bet — pitting an S&P index fund against the American private equity industry. on.ft.com/4lHAJYB

RIP the big fat DB pension bid for UK gilts? on.ft.com/4eCmiTi

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Here’s an interview with Steve “Mr Agg” Berkley, who launched and then oversaw the bond industry’s biggest benchmarks for nearly four decades. on.ft.com/4eIHirN

The France-Italy spread has flipped on.ft.com/3IoWQEO

You know what to do. on.ft.com/4kwZUvS

Trump soaks the rich on.ft.com/4lWf7Im

Great book by Robin Wigglesworth on the history of passive investing. It reads like a great story, like a Michael Lewis book. Highly recommended for anyone who loves investing and markets.