Author: Lily Harper

The latest on CoreWeave to start: We’ve covered every twist leading up to CoreWeave’s initial public offering this week. DD’s coverage has included technical defaults, nixed commitments, a heavy load of amortising debt and an opus from our friends at FT Alphaville. But finally, the stock has priced — albeit at a smaller size and lower value than first planned.Another thing: Donald Trump has ordered a crackdown on WilmerHale, a law firm with ties to the prosecutor who investigated allegations of Russian meddling in the 2016 presidential election, as he widens an attack on elite US legal groups.And a scoop:…

Stay informed with free updatesSimply sign up to the Exchange traded funds myFT Digest — delivered directly to your inbox.Latest news on ETFsVisit our ETF Hub to find out more and to explore our in-depth data and comparison toolsSingapore’s UOB Asset Management is the latest manager to signal its intent to join Taiwan’s active exchange traded fund market after the regulator said earlier this year it would invite applications.Thio Boon Kiat, group chief executive for UOBAM, confirmed to Ignites Asia that the firm was gearing up to launch an active ETF in the Taiwanese market this year.Taiwan opened its door…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Deutsche Bank has made the latest in a number of changes to its top leadership, announcing the departure of chief financial officer James von Moltke and its chief legal officer as it starts to pull together its new strategy.Chair Alexander Wynaendts said on Thursday that the end of Deutsche’s current long-term strategy cycle this year would be a “natural point in time to hand over the CFO responsibilities”. Von Moltke, whose contract expires in June next year, will be succeeded by Morgan…

Stay informed with free updatesSimply sign up to the Cryptocurrencies myFT Digest — delivered directly to your inbox.European insurers will be penalised for holding cryptocurrencies under proposals announced by EU regulators on Thursday, imposing their most stringent capital requirements ever on bitcoin and other digital assets.The move is designed to discourage EU insurers from holding digital assets, at a time when the US has begun to loosen its restrictions on such holdings by traditional financial institutions. The European Insurance and Occupational Pensions Authority said it was recommending the European Commission introduce a 100 per cent capital requirement for all crypto assets…

Stay informed with free updatesSimply sign up to the Pensions myFT Digest — delivered directly to your inbox.Former UK taxpayers who may have only lived in the country for three years are learning that they can qualify for a state pension, under an arrangement that is set to end in the first week of April.A flurry of social media posts and news stories across the world has alerted people to the chance to get a UK state pension.“A $480,000 opportunity for Australians who did a stint in London”, declares a headline from the Australian Financial Review. A post on Instagram…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Nearly a third of Generation Z have started investing by the time they reach early adulthood, more than any other generation at the same age, according to a new survey by the World Economic Forum. Thirty per cent of Gen Z — those aged between 18 and 27 — began investing in capital markets at university age compared with 15 per cent of millennials, and 5 per cent of baby boomers, according to the poll, which surveyed 13,000 people across 13 countries, including the…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Asset managers are rushing to set up exchange traded funds focused on Europe’s defence sector as a recent rally has prompted investors to rethink their stance on including controversial stocks in their portfolios. Amundi, Europe’s largest asset manager, is working on the summer launch of a European ETF linked to defence companies in anticipation of a surge in military spending across the continent, according to two people familiar with the situation. VanEck, a $114bn US fund manager, is also exploring the launch…

Stay informed with free updatesSimply sign up to the Private equity myFT Digest — delivered directly to your inbox.James Gorman, the former chief executive of Morgan Stanley, is to join General Atlantic as a strategic adviser as the US-based private equity group prepares a highly anticipated initial public offering. Gorman’s appointment will put one of Wall Street’s most connected financiers who led the revival of Morgan Stanley after the 2008 financial crisis into a crucial role at General Atlantic as it plots a rapid expansion. Gorman will advise General Atlantic’s leadership, including chief executive Bill Ford, on strategy, growth plans…

Stay informed with free updatesSimply sign up to the Exchange traded funds myFT Digest — delivered directly to your inbox.Latest news on ETFsVisit our ETF Hub to find out more and to explore our in-depth data and comparison toolsThailand has approved the sale of leveraged and inverse exchange traded funds to retail investors starting this month.The regulatory nod to issue the complex index-tracking products is in line with Thailand’s efforts to strengthen its ETF sector and expand its capital markets.The Thai Securities and Exchange Commission has said that asset managers can now launch leveraged and inverse ETFs with a maximum…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Private credit is “not a bubble”, Apollo Global Management president Jim Zelter has said, adding that he did not think adverse economic conditions would trigger “massive losses” in a sector that has witnessed rapid growth in recent years.Speaking at HSBC’s investment conference in Hong Kong on Thursday, Zelter was asked how private credit would perform in an economic downturn.“The biggest question I get from everybody around the globe is, is private credit a bubble?” said Zelter. “And I would say it’s not…