news
Wealth advisers made billions from private capital fees
Plus, RIP Mark Mobius, BlackRock cools on Europe and Jasper Johns in Bilbao
Economic impact of Iran war will hurt US even after conflict ends, economists warn
Wave of inflation will persist even if a permanent end to the conflict is announced
The stock market’s new approach to valuation
It is demonstrating an Earnings Before Iran, Tariffs and Dubious Announcements (ebitda) mentality
US investors boost defence exposure as global wars fuel spending boom
Trend reverses prior hesitance over arms investments because of slow growth and perceived conflict with ESG standards
Wealth advisers made more than $2bn from private capital fees
FT analysis of 16 funds shows extent of fees paid to banks and brokerages