Emma Dunkley

Fund managers prepare for ‘reckoning’ in US tech sector Some investors reduce positions or buy protection for their portfolios amid concerns over valuations

Fund managers prepare for ‘reckoning’ in US tech sector—The IMF, the Bank for International Settlements, the Bank of England and the European Central Bank are among those to issue warnings about valuations. www.ft.com/content/48d9... @emdunks.bsky.social @financialtimes.com

Can the world’s largest listed hedge fund rebound? Falling share price, investor withdrawals and lacklustre performance present a strategic dilemma for Man Group

Can the world’s largest listed hedge fund rebound?-Shares in the world’s largest listed hedge fund had fallen 36 per cent in the past year, key strategies were in the red and wealthy individuals were pulling their money. www.ft.com/content/3581... @emdunks.bsky.social @financialtimes.com

Retail investors fight for right to bet on natural disasters Asset managers push back against an EU attempt to curb access to fast-growing market for catastrophe bonds

On the fight for easier access to CATASTROPHE BONDS!

It's 2025: Bet on natural disasters for your retirement security.

From @leeharris.ft.com @emdunks.bsky.social.
www.ft.com/content/82c7...

Prudential launches search to replace chair Shriti Vadera Former minister has ruled herself out of race to be new HSBC chair

Excl: the Pru has kicked off a search to replace chair Shriti Vadera, the former government minister. She was also among the city grandees to be scouted for HSBC’s chair, but sources said she declined www.ft.com/content/7dfa... @leeharris.ft.com

HT @ewan.thekirks.co.uk who I think first told me about this.

Vanguard cuts fund fees as competition in Europe heats up World’s second-largest asset manager estimates reduction will save investors $3.5mn a year

Vanguard cuts fund fees as competition in Europe heats up—Debbie Fuhr, founder of research firm ETFGI, said: “What we’re seeing is firms are trying to compete on fees because… www.ft.com/content/8663... @emdunks.bsky.social @financialtimes.com

Legal & General merges divisions and cuts jobs across asset management Move comes amid FTSE 100 company’s wider restructuring in push to acquire more private assets

Excl: L&G, one of Europe’s largest asset managers, is merging divisions and cutting jobs in an attempt to slash costs and focus on faster-growing markets www.ft.com/content/7df4... with @leeharris.ft.com

Rachel Reeves prepares to launch Isa review Treasury to begin consultation as UK chancellor looks to encourage savers to invest in domestic stocks

Excl: Rachel Reeves prepares to launch review of the ISA market in a move that could pave the way for a big shake up, as the government seeks to encourage savers to invest in London-listed stocks www.ft.com/content/2b0a...

Excellent reporting in today’s FT.

“Get your hands off our assets.”

Sincerely,

The UK pensions industry.

(Discuss…)

@emdunks.bsky.social @georgewparker.bsky.social
@henrytapper.bsky.social @stevewebb1.bsky.social @pensionsdave.bsky.social @johnralfe.bsky.social @jonstapleton.bsky.social

Vanguard rules out China in big international push Second-largest asset manager has its sights set on UK, Europe, Canada, Latin America and Australia instead

ICYMI: Vanguard, one of the world’s largest asset managers, has ruled out re-entering China in its big international push www.ft.com/content/35fd...

Neil Woodford plots comeback with new investment service ‘W4.0’ Former star fund manager will sell stockpicking strategies to subscribers six years after downfall

Former fund manager Neil Woodford plots comeback with investment service “W4.0”

www.ft.com/content/05d8...

Russia’s executions of Ukrainian prisoners point to systematic policy [FREE TO READ] FT documentary investigates rise in cases of Russian soldiers executing Ukrainian POWs

New: Russia’s executions of Ukrainian prisoners point to systematic policy.

Investigation with @christopherjm.ft.com @joesinft.ft.com @alisonkilling.bsky.social @digitalcampbell.ft.com @peter.andringa.me

this is such a brilliant interview/profile with Peter Mandelson by @georgewparker.bsky.social

www.ft.com/content/085e...

City firms urge Rachel Reeves to curb cash Isas [FREE TO READ] Companies have told chancellor that scaling back tax breaks on savings accounts could boost UK financial services

City firms urge Rachel Reeves to curb cash Isas - on.ft.com/3WIQBjs via @FT

‘I know the Holocaust happened — I was born in a concentration camp’ Eighty years on, British Holocaust survivors share their harrowing stories, a stark reminder of the genocide as denial rises and witnesses dwindle

Today is the 80th anniversary of the liberation of Auschwitz-Birkenau and Holocaust Memorial Day.

Please read the testimony of these survivors I had the honour of interviewing

‘I know the Holocaust happened — I was born in a concentration camp’

www.thetimes.com/article/02a0...

#holocaust #hmd80

I don't know how many of my followers are the kinds of people who get sizeable annual bonuses. But, if you are, do please fill in this survey for my FT Money colleague Claer Barrett: www.feedback.ft.com/rsp/5df7fef7...

Dame Joan Plowright obituary Stage and screen star who was part of a radical generation of actors responsible for establishing the National Theatre Joan Plowright, who has died aged 95, played a central role in the historic overhaul of British theatre at the Royal Court in the late…

Dame Joan Plowright obituary

a woman in a sweater holding a log says " my log does not judge " ALT: a woman in a sweater holding a log says " my log does not judge "

Ah, David Lynch, so sad. A mad, creative genius. Will be rewatching Mulholland Drive and Twin Peaks on repeat.

Janus Henderson chief criticises ‘very aggressive’ action by hedge fund Saba Ali Dibadj warns against ‘complacency’ as US group tries to take over the management of seven UK investment trusts

Janus Henderson’s chief exec didn’t hold back yesterday when he told a conference that activist Boaz was “very aggressive,” urging investors to vote against his takeover plans for U.K. investment trusts

www.ft.com/content/2118...

US activist Boaz Weinstein wants to be ‘white knight’ of UK stock market Saba Capital founder says aim of his firm’s takeover of seven investment trusts is a new strategy to help small investors

Excl: US activist Boaz Weinstein reveals plans for U.K. investment trust takeover. He wants to be dubbed the “white knight” for British retail investors and the London Stock Exchange. But he faces a fierce backlash from the trusts

www.ft.com/content/bcf0...

A new career as culture critic beckons

www.ft.com/content/7849...

Peter Hargreaves’ Blue Whale sells major tech stocks over AI concerns Fund cuts exposure to ‘Magnificent Seven’ because of heavy spending on artificial intelligence

Blue Whale, the fund backed by billionaire Peter Hargreaves, sells major tech stocks due to concerns over their spend on AI www.ft.com/content/3781...

Gill and Rob pick up a gong

stoked to see business journalist of the year prize go to FT’s awesome @bondhack.bsky.social
and Gill Plimmer

Vanguard overhauls fees for UK investors £4 a month charge will make platform more expensive than rivals for those with less than £10,000

Vanguard has overhauled its fees for U.K. customers. “DIY” investors with less than £32,000 will now pay a £4 a month charge, or £48 a year, compared with previous cost of 0.15 per cent… www.ft.com/content/2ff7...

Chart showing average UK CEO pay running at more than double average Premier League player pay.

I agree. Pay bosses more like footballers!

Pay UK bosses like football stars, says Lord Spencer
on.ft.com/4g4F8Cw

🚨 Some personal news 🚨
After nearly five years in Singapore reporting on politics, business, tech and finance in SE Asia, I’ll be moving on.
From February I will be the @FT’s Switzerland and Austria correspondent, based in Zurich. Thrilled to be joining the Europe team.

St James’s Place ditches glitzy get-togethers in bid to improve image Wealth manager’s opulent annual events in London and Gleneagles perceived as rewards for aggressive sales tactics

Excl: St James’s Place, the UK’s largest retail wealth manager, is ditching its “lavish” meetings at the o2 and Gleneagles in an attempt to repair its image after years of criticism over its excessive perks

www.ft.com/content/73f2...

St James’s Place ditches glitzy get-togethers in bid to improve image Wealth manager’s opulent annual events in London and Gleneagles perceived as rewards for aggressive sales tactics

Excl: St James’s Place, the UK’s largest retail wealth manager, is ditching its “lavish” meetings at the o2 and Gleneagles in an attempt to repair its image after years of criticism over its excessive perks

www.ft.com/content/73f2...

BlackRock confirmed our scoop on HPS this morning. The deal accelerates its expansion into alternatives, moving it further beyond publicly traded equities and bonds that have powered its growth since its founding in 1988. It also sets up an interesting fight for retail
www.ft.com/content/70a0...

Two vital interventions to boost children’s life chances FT Seasonal Appeal backs charities devoted to financial literacy and free school meals

If you read the FT, chances are the kids in your life have a decent grasp of how money works, and they have enough of it to get a proper breakfast before school.
If you can, please support our charity appeal to give other children the same opportunity: on.ft.com/3Ziu5hS