As the Fed cuts rates, markets are rallying — but there are long-term risks from experiments
Media division will be split from classifieds business
We must urgently address the tension between profitability and sustainability
Plus, one of the billionaire Issa brothers steps back from Asda and the antitrust case rattling American fashion houses
Investors desperate to get cash back are putting pressure on funds to capitulate on sales
Buyout firms EQT and Permira also in running for mid-tier accountancy firm
Red-hot Indian equities propel country past China weighting in MSCI All-Country index
Sale process comes after tensions between investors and creditors over plan to split from Bausch Health
All three managers have filed for private markets retail funds within days of each other
Plus, the Nevada court battle over the future of Rupert Murdoch’s empire and how a corporate lawyer won gold at the Paralympics
Nearly half of participants in pilot programme allowed to vote their shares chose to let the asset manager do it for them
Everyone wants to use AI, but no one trusts it
Financial services company says the acquisition will provide professionals with ETF selection tools
EuroLeague is looking to sell minority holding worth €1bn, but PIF’s SURJ firm faces competition from BC Partners
Plus, German officials caught by surprise in Commerzbank stake sale and media giant Axel Springer nears a break-up
Innovations around EM indices are required with more thematic benchmarks
Hedge fund replication ahoy
And investors don’t care
Critics warn of risks in selling illiquid and hard-to-value products to less experienced retail buyers
Plus, the latest gold rush, multi-manager outflows, and Van Gogh at the National Gallery
Led by a onetime dealer in death benefit settlements, the leveraged buyout pioneer evolves into a bulge-bracket lender
Tech investors cautiously return to market that has been battered over past two years
Noteus set up by former Eurazeo team to back start-ups as tech investment recovers
Agreement to be discussed next week could cement Mathias Döpfner’s control over media outlets Politico and Bild
The first Isa millionaire says there are only two essentials in investing: common sense and patience