Pimco fund loses crown to Vanguard

Outflow since Bill Gross’s departure reaches more than $110bn

In a sign that leveraged buyouts are being disrupted, the private equity-owners of Scandic, the Nordic hotel chain, has started hiring entrepreneurs to thwart new online rivals

Upheaval hits private equity industry

Online rivals, the end of cheap debt and venture capital groups threaten model

Haitong plans to double overseas business

Chinese securities group to hire hundreds in Europe and the Americas

Warren Buffett versus the hedge funds

Investors locked in to lower expectations and declining returns

The bank of England, City of London.
©Charlie Bibby/FT

Precarious prospects of London finance

UK’s next government needs a clear vision for the financial services industry, writes Philip Augar

Chancellor George Osborne
©Charlie Bibby/FT

Curtis Banks votes for polling day IPO

Pensions provider defies election uncertainty with listing on Aim

Buffett defends relationship with 3G

Berkshire chief’s reputation as benign acquirer under fire

Nasdaq tempts traders with fee holiday

Exchange launches aggressive challenge to rivals CME and ICE

Investors crowd in to fill equity gaps

Sector is flourishing, despite risky odds and light regulation

Buffett fields tough investor questions

Shareholders ask about succession, predatory lending, Heinz lay-offs and sugar

Rail operator bolsters Berkshire profits

Improved results for poorly performing arm greet investors gathering for Omaha annual meeting

Week in Review, May 2

Apple demand; oil earnings, Walmart in China and Alliance Trust in the news

Exchanges need self-regulatory balance

The Sarao case highlights problems facing US organisations

Third P2P fund lists in London

Uncorrelated returns and high dividend yields are the main attractions of alternative finance

Daniel Stewart’s shares suspended again

City stockbroker hopes to have bar lifted within a week

Fears over final salary pension transfers

Cashing in defined benefits savings can be a costly mistake

Woodstock of Capitalism’s odd couple

Gates and Buffett mark Berkshire’s golden anniversary in Omaha

Ex-Fed boss helps Pimco steer policy maze

Bernanke’s salary not disclosed but seven-figures likely

Carr’s defence skills handy for Fairhead

BAE Systems chairman persuaded to take up BBC role

RBS: McEwan goes Forth

Lender battles to end its saga of big writedowns and provisions


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