Hedge funds boom as investor enthusiasm for private equity falters
Industry racks up largest asset gains on record, benefiting from buyout groups’ difficulty returning cash to clients
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Treasury Secretary Bessent says more Fed rate cuts are ‘only ingredient missing’ for stronger economy
Bessent on Thursday pressed the administration’s desire for lower interest rates, saying they are the key to future economic growth.
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Layoff pace in December hit lowest level since mid-2024, Challenger says
Planned job cuts totaled 35,553 for the month, a 50% slide from November and an 8% decrease from the same period a year ago.
The promise and peril of Venezuela’s liquid gold
South American country’s crude is a thick, black sludge that is more expensive to produce than lighter oil
Brevan Howard profits slump as hedge fund misses out on macro trading boom
Profits available to be shared by partners fell by a fifth to £61mn for year to March 2025