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Millennium Management, one of the world’s largest hedge fund managers,is considering launching a standalone fund to invest in less liquid assets, including private credit, according to people familiar with the situation. Such a move would mark the first time since it began trading 35 years ago that Izzy Englander’s group has launched a new fund.

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The writer is chancellor of the exchequer The Budget next week will deliver on the promise of change. That change will be driven by this government’s number one mission — to deliver sustainable growth after

Pioneers sometimes get undue credit for simply being the first of many trying to reach the promised land. Even if they had never been born, their discovery would have happened around the same time anyway. Other times they become the figurehead of what was really a collective breakthrough. But if there was a true father

Keep abreast of significant corporate, financial and political developments around the world. Stay informed and spot emerging risks and opportunities with independent global reporting, expert commentary and analysis you can trust. Subscribe to unlock this article Try unlimited access Only 1 € for 4 weeks Then 69 € per month New customers only Cancel anytime during your

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The writer is an external member of the Bank of England’s Monetary Policy Committee An old mentor used to consult women’s dress sales when he wanted to know what was going on with the economy,

Shares in nuclear energy companies surged to record highs this week after Amazon and Google struck landmark power supply deals, boosting efforts to deploy the first small modular reactors (SMRs) in the US. The share prices of US-listed SMR developers Oklo Inc and NuScale power rose by 99 per cent and 37 per cent respectively

Stay informed with free updates Simply sign up to the Life & Arts myFT Digest — delivered directly to your inbox. The main character in Coriolanus, which is on at the National Theatre in London, is what we would nowadays call a fascist. He respects very little in the field of human endeavour outside of

Stay informed with free updates Simply sign up to the Global Economy myFT Digest — delivered directly to your inbox. The “Japanification” of China continues to be a big theme, with a lot of eerie parallels right down to stimulus proving wanting. Here’s the latest symptom: Yep, the 30-year government bond yields of China and

Keep abreast of significant corporate, financial and political developments around the world. Stay informed and spot emerging risks and opportunities with independent global reporting, expert commentary and analysis you can trust. Subscribe to unlock this article Try unlimited access Only 1 € for 4 weeks Then 69 € per month New customers only Cancel anytime during your

Unlock the US Election Countdown newsletter for free The stories that matter on money and politics in the race for the White House I never used to look at airline route maps too closely. But now, when I journey from one peaceful country to another, I take a keener interest in where exactly we are

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. DP World has shelved an announcement of a £1bn cash injection into its main London port on the eve of the UK’s international investment summit, triggering a row between ministers over who was to blame.

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Rachel Reeves has been warned not to sharply ramp up government borrowing in a push for more public investment, as the chancellor considers a loosening of the fiscal rules in the October 30 Budget.  Analysis

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The Israeli military deployed thousands more troops in Lebanon and signalled an expanded ground offensive against Hizbollah, even as the militant group launched one of the largest rocket barrages into northern Israel since the conflict

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After Bill Clinton’s first official meeting with Benjamin Netanyahu in 1996, he turned to an aide and said: “Who is the fucking superpower here?” Four US presidents later, nobody would think of posing that question about Israel’s pugilistic prime minister. Netanyahu long ago established what military analysts call “escalation dominance” over whoever sits in the

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Israel’s military conducted multiple heavy air strikes on Beirut’s southern suburbs overnight, in one of the most violent air raids on the Lebanese capital in Israel’s intensifying campaign against armed group Hizbollah. Residents across Beirut

Keep abreast of significant corporate, financial and political developments around the world. Stay informed and spot emerging risks and opportunities with independent global reporting, expert commentary and analysis you can trust. Subscribe to unlock this article Try unlimited access Only 1 € for 4 weeks Then 69 € per month New customers only Cancel anytime during your

Austria’s far-right Freedom party scored a historic victory in the country’s parliamentary election on Sunday, with the result consolidating pro-Russian, anti-establishment forces in central Europe. The FPÖ was projected to win just under 29 per cent of the ballots cast, according to a near final official estimate of the vote late on Sunday, bolstering the

Keep abreast of significant corporate, financial and political developments around the world. Stay informed and spot emerging risks and opportunities with independent global reporting, expert commentary and analysis you can trust. Subscribe to unlock this article Try unlimited access Only £1 for 4 weeks Then £59 per month New customers only Cancel anytime during your

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. I listened to Shostakovich’s ninth symphony on the way back from Labour’s party conference in Liverpool. The prime minister mentioned the composer in his speech as the one he turns to “when the reviews aren’t

Labour’s conference in Liverpool should have been a celebration: the party has not held a gathering in power since Gordon Brown was prime minister in 2009 and its landslide election victory was secured less than three months ago. Instead, many delegates were subdued, their confidence in Prime Minister Sir Keir Starmer shaken by a decision