31 h. ago Treasury Secretary Scott Bessent fails to divest his financial holdings and hit with watchdog warning

Bessent, a former hedge fund manager, reportedly has a net worth of around $600 million

Events

52 h. ago London gets what it asked for with Dan Loeb’s hedge fund fight

London gets what it asked for with Dan Loeb’s hedge fund fight  Financial Times

Politics

6 d. ago Hedge Fund Point72 paid 300+ staff £650k on average in London

Hedge Fund Point72 paid 300+ staff £650k on average in London  eFinancialCareers

Economics

8 d. ago Great Eastern Hotel by Ruchir Joshi review – a panoramic view of India in flux

The political and emotional journey of a young communist revolutionary is brought sensuously to life, in a magnificent epic that took 25 years to writeThe observation by architect Louis Kahn that you “can only really see a building once the building becomes a ruin” runs through this book like the Hooghly river through India’s former capital. There’s no better Indian ruin than Kolkata, a city that still clings to the centrality of its role in the 19th-century intellectual renaissance that buttressed the case for Indian self-rule. The adage back then was that “what Bengal thinks today, India thinks tomorrow”.Great Eastern Hotel, the second novel from the author of The Last Jet-Engine Laugh, is 920 pages and well over 300,000 words long. The staff of your local Waterstones will kindly describe it as “an undertaking”. It is set in and around the still-standing, now eye-wateringly expensive Great Eastern Hotel, which is, as the book points out, a model for the city itself: a place t...

Politics

8 d. ago Pippa Middleton to follow in her sister Kate's footsteps with new childcare project as she's granted approval for major change at her £1.5million Bucklebury Farm Park

Pippa and her husband, hedge-fund manager James Matthews, 49, have overcome backlash from local council members to open a nursery at their Buckleberry Farm in Berkshire.

Economics

1 week ago BP to report on cost cuts as activist investor Elliott steps up pressure

Status update on plan to save $5bn comes as US hedge fund pushes energy major to go even further

Economics

4 w. ago University of California fund ditches hedge funds with scathing rebuke

Chief investment officer says stocks and bonds would have prevented ‘all the drama’

Politics

4 w. ago Big launch, small gains: Bobby Jain struggles to match hedge fund giants

Jain Global’s first year showcases the huge barriers to entry of starting a new multi-strategy hedge fund

Economics