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Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.This article is an on-site version of our Unhedged newsletter. Premium subscribers can sign up here to get the newsletter delivered every weekday. Standard subscribers can upgrade to Premium here, or explore all FT newslettersGood morning. Over the weekend Canadian central banker turned prime minister Mark Carney called for snap elections in Canada, hoping to turn the sudden popularity of his Liberal party — a gift from the American president — into parliamentary power. Send us your predictions for the outcome: robert.armstrong@ft.com…

Welcome to FT Asset Management, our weekly newsletter on the movers and shakers behind a multitrillion-dollar global industry. This article is an on-site version of the newsletter. Subscribers can sign up here to get it delivered every Monday. Explore all of our newsletters here.Does the format, content and tone work for you? Let me know: harriet.agnew@ft.com In today’s newsletter:Investors seek to profit from Russia Europe’s answer to ‘meme stock’ maniaShort sellers gain from Tesla’s share price plungeInvestors seek to profit from Russia as Trump pursues rapprochementRussian assets have been taboo for most investment managers for the last three years for…

Stay informed with free updatesSimply sign up to the Financial services myFT Digest — delivered directly to your inbox.Hakluyt’s new head has vowed to keep the London-based advisory firm independent even as larger consulting rivals are seeking to consolidate the sector through a wave of deals. In his first interview since becoming managing partner, Thomas Ellis told the Financial Times that the firm was instead focused on increasing its profits after a period of intense growth that has taken its headcount to nearly 200, with offices in 13 countries. “We’re a partnership, and we’re full of quite independently minded people.…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Britain’s financial watchdog will encourage retail investors to take more risk with their savings to tackle the challenge of an ageing population as a key part of a new five-year strategy it will present this week.Ashley Alder, chair of the Financial Conduct Authority, told the Financial Times its new plan is built around helping consumers to make higher returns from their savings and increasing trust in financial markets by clamping down on fraud.“One thing we have focused on a great deal in…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.In a world increasingly afflicted by bad diet and obesity, weight-loss drugs like Ozempic and Wegovy have a magical aura. In many western countries obesity rates are heading towards the US tally of 40 per cent. So the benefits to societies as well as individuals of reducing or even eliminating that prevalence is obvious: a healthier, happier population that is more productive and less of a drain on public health systems. Financial gains — for drugmakers and health providers alike — could…

Unlock the White House Watch newsletter for freeYour guide to what the 2024 US election means for Washington and the worldDealmakers are being forced to reassess expectations for a surge in activity this year, as stock market falls and policy uncertainty from the new Trump administration have held back takeovers and initial public offerings. As the end of the first quarter approaches, the volume of takeovers globally has risen more slowly than many advisers expected at the end of last year when investment banking stocks hit record highs in anticipation of a “Trump bump”. The number of deals announced since…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Temasek and Warburg Pincus are preparing to put healthcare supply chain management company Global Healthcare Exchange up for sale, aiming at a valuation of almost $5bn, according to people familiar with the matter. GHX, in which the Singaporean government-backed investment fund owns a majority stake and the US private equity group the remainder, was working with advisers on a sale process, which could result in a partial or full- stake sale, the people said. GHX is expecting to receive formal bids in…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The writer is the author of A Random Walk Down Wall Street          The results are in: this time is not different. Indexing remains the optimal investment strategy.Every year S&P Global Ratings publishes reports comparing all actively managed investment funds with various stock indices. These reports are considered the gold standard for evaluating the performance of active fund management with their index-fund alternatives.The bottom line from the year-end 2024 report out this month is that there were no surprises. US passive index funds in 2024…

At 23, former bricklayer Scott Davies founded Hilltop Honey with a £5,000 overdraft and no previous knowledge of beekeeping or business.Today the 37-year-old entrepreneur has the UK’s second-largest honey brand, with a turnover of £44mn and a range of products in major supermarkets. Davies decided to try beekeeping when a serious back injury at 22 left him unable to work for a year.Based in his home town of Newtown, mid-Wales, Davies employs 130 people. The head office and factory site span four acres, producing over 1,000 tonnes of honey a month. In September 2022 Davies diversified into producing peanut butter, at a…

Stay informed with free updatesSimply sign up to the ESG investing myFT Digest — delivered directly to your inbox.Don’t let the happy smiley face in my photo deceive you. I seethe at losing my job to this day. The stress on my family. Giving up our London home. Being broke.The worst thing is that my heretical speech almost three years ago — in which I mused that climate change isn’t as material to portfolios as other risks, such as, you know, recessions and stuff — wouldn’t raise a murmur now. That’s because under Donald Trump the financial sector has performed…