Accessibility helpSkip to navigationSkip to contentSkip to footer

Cookies on FT Sites

We use cookies for a number of reasons, such as keeping FT Sites reliable and secure, personalising content and ads, providing social media features and to analyse how our Sites are used.

Accept & continue
Manage cookies
  • Sign In
  • Subscribe
Open side navigation menuOpen search bar
Financial Times
SubscribeSign InmyFT
  • Home
  • World
    Sections
    • World Home
    • Global Economy
    • UK
    • US
    • China
    • Africa
    • Asia Pacific
    • Emerging Markets
    • Europe
    • War in Ukraine
    • Americas
    • Middle East & North Africa
    • Australia & NZ
    Most Read
    • Taiwan tensions force multinationals to rethink China risk
    • Liz Cheney ‘thinking about’ presidential run following primary loss
    • Japan’s latest alcohol advice: please drink more
    • ‘Shock the market’: Wall Street’s original ‘Dr Doom’ tells Fed to toughen up
    • Fed officials signal restrictive rates may be needed ‘for some time’
  • US
    Sections
    • US Home
    • US Economy
    • US Companies
    • US Politics & Policy
    Most Read
    • Companies
      Sections
      • Companies Home
      • Energy
      • Financials
      • Health
      • Industrials
      • Media
      • Professional Services
      • Retail & Consumer
      • Tech Sector
      • Telecoms
      • Transport
      Most Read
      • Norway’s oil fund chief warns of tough times ahead for investors
      • Toyota and Foxconn hit as drought leads to record low Yangtze River
      • UK hospitality industry loses nearly 200,000 overseas workers
      • Germany’s Uniper on the ‘brink of insolvency’ after €12bn loss
      • European banks restart Russian bond trading as US clients wind down
    • Tech
    • Markets
      Sections
      • Markets Home
      • Alphaville
      • Markets Data
      • Capital Markets
      • Commodities
      • Currencies
      • Equities
      • Fund Management
      • Trading
      • Moral Money
      • ETF Hub
      • Cryptofinance
      Most Read
      • Student makes $110mn trading meme stock favourite Bed Bath & Beyond
      • Taiwan tensions force multinationals to rethink China risk
      • ‘Shock the market’: Wall Street’s original ‘Dr Doom’ tells Fed to toughen up
      • Beijing is tanking the domestic economy — and helping the world
      • Norway’s oil fund chief warns of tough times ahead for investors
    • Climate
    • Opinion
      Sections
      • Opinion Home
      • Columnists
      • The FT View
      • The Big Read
      • Lex
      • Obituaries
      • Letters
      Most Read
      • Beijing is tanking the domestic economy — and helping the world
      • Anshu Jain, banker, 1963—2022
      • The truth that set Liz Cheney free
      • China’s chip breakthrough poses strategic dilemma
      • Heathrow’s hopelessness is its faux helplessness
    • Work & Careers
      Sections
      • Work & Careers Home
      • Business School Rankings
      • Business Education
      • Entrepreneurship
      • Recruitment
      • Business Books
      • Business Travel
      Most Read
      • Business Book of the Year 2022 — the longlist
      • Michelle O’Neill: ‘What I won’t allow is the unravelling of the Good Friday Agreement’
    • Life & Arts
      Sections
      • Life & Arts Home
      • Arts
      • Books
      • Food & Drink
      • FT Magazine
      • House & Home
      • Style
      • Travel
      • FT Globetrotter
      Most Read
      • A paean to pierogi
      • Neighbourhood apps are great but IRL is better
      • A Pipeline Runs Through It — the golden age of oil
      • When your childhood hero turns into a Trumpist
      • Chef Aktar Islam’s top places to eat in Toronto
    • HTSI
    MenuSearch
    • Home
    • World
    • US
    • Companies
    • Tech
    • Markets
    • Climate
    • Opinion
    • Work & Careers
    • Life & Arts
    • HTSI
    Financial Times
    SubscribeSign In

    Your guide to a disrupted world

    Start a 4-week trial

    Stephen Foley

    Deputy US News Editor
    Email Stephen Foley @stephenfoley  on Twitter (link opens in a new browser window)
    Email Stephen Foley @stephenfoley  on Twitter (link opens in a new browser window)

    Add to myFT Digest

    Add this topic to your myFT Digest for news straight to your inbox

    • Wednesday, 24 November, 2021
      FT WealthVenture capital investment
      Family offices become serious rivals to VC firms for funding start-ups

      Investors that may have previously confined themselves to public markets are now clomping all over the venture capital landscape

    • Tuesday, 26 October, 2021
      FT WealthNon-fungible tokens
      Art is drawing family offices — and me — into the crypto world

      Investors that may have once dismissed it, ought now to consider taking part in it

    • Thursday, 2 September, 2021
      FT WealthUS tax
      US billionaires’ tax-saving ploys are giving others ideas, as politicians take note

      An exposé provides a how-to guide for the aspirationally wealthy across America

    • Thursday, 24 June, 2021
      FT WealthInvesting in funds
      America’s rich have another reason to quit mutual funds

      ‘A flight from mutual funds is a trend it pays to be ahead of, and the reason is those taxable distributions’

    • Monday, 10 May, 2021
      FT WealthUS tax
      America’s tax breaks for charitable giving could be better spent

      President Joe Biden should close the ‘donor-advised funds’ loophole

    • Wednesday, 25 November, 2020
      FT WealthESG investing
      Ethical funds are booming but there are obstacles to momentum

      A momentum trade in ESG stocks seems unlikely amid disagreement over what even is such an investment

    • Wednesday, 7 October, 2020
      FT WealthWealth management
      Investors should look beyond the label in choosing a modern multi-family office

      Wealthy clients face plethora of offerings from old firms and new rivals alike

    • Thursday, 3 September, 2020
      FT WealthFund management
      Star hedge fund managers go private in search of an easier life

      A family office can allow savvy investment chiefs to be bolder in their trading — free of constraints from outside investors

    • Tuesday, 23 June, 2020
      FT WealthStreaming services
      Lessons from Quibi’s stuttering start

      The launch of the TV platform shows how media investments can go badly wrong

    • Tuesday, 25 February, 2020
      FT WealthTech start-ups
      A tech founder’s speedy exit need not be a negative signal

      Are there norms for entrepreneurs looking to cash out after their company floats?

    • Tuesday, 24 December, 2019
      Uber Technologies Inc
      Travis Kalanick to step down from Uber board

      Co-founder’s departure comes after he sold his stake in ride-hailing group

    • Friday, 6 December, 2019
      FT WealthVenture capital investment
      WeWork debacle has a silver lining

      The collapse in the company’s valuation has implications for investors in start-ups

    • Thursday, 17 October, 2019
      FT Wealth
      How student debt became a cause célèbre

      After religious causes, education is the largest recipient of US philanthropic donations

    • Thursday, 5 September, 2019
      FT WealthArtificial intelligence
      Philanthropists should treat AI as an ethical not a technological challenge

      ‘Advances in the field are coming faster than our ability to think through the consequences’

    • Thursday, 20 June, 2019
      FT WealthWealth management
      Ambitious Wealth: Tax talk, yes, but do not forget philanthropy

      Rises in taxes on the ultra-wealthy risk being undermined by the generous tax break given for charitable donations

    • Thursday, 9 May, 2019
      FT WealthImpact investing
      Ambitious Wealth: the Oscars and the rise of philanthropy in film

      Movie-makers are hoping to enlist audiences for reducing inequality, promoting civil rights, tackling climate change and a myriad of other narrower causes

    • Thursday, 28 February, 2019
      Special Report
      Ambitious Wealth: The ultra-rich are making money faster than they can give it away

      The number of charitable groups keeps growing but only a few have the capacity to absorb very large gifts

    • Thursday, 29 November, 2018
      FT WealthWealth management
      It’s time to unleash locked-up money to truly make a difference

      Younger members of wealthy families urge unspent funds to be invested for positive impact

    • Thursday, 25 October, 2018
      US politics & policy
      Trump renews media attacks after bomb discoveries

      Suspicious packages sent to critics of the president including Biden and De Niro

    • Thursday, 18 October, 2018
      FT WealthPhilanthropy
      Engaging with the world’s ills beats hiding in a bunker

      Who are the true survivalists as New Zealand draws billionaires?

    • Saturday, 22 September, 2018
      Special ReportImpact Investing
      Buffett formula measures whether impact investing is working

      Howard Buffett has put a social impact twist on grandfather Warren’s value investing

    • Wednesday, 5 September, 2018
      Audio articles
      Philanthropy in America is becoming worryingly opaque

      A US tax office slip-up gives a view into some philanthropic affairs of the super-rich

    • Thursday, 21 June, 2018
      Philanthropy
      Ambitious Wealth: when philanthropy goes wrong

      How the value of a building and the value of an institution differ

    • Tuesday, 29 May, 2018
      FT SeriesRace to a trillion
      Track the market cap race to a trillion

      Will Apple, Amazon, Microsoft or Alphabet reach the ‘quatro commas’ club first?

    • Wednesday, 2 May, 2018
      Media
      Subsidy from the wealthy is looking more important than ever for the future of journalism

      The case for civic-minded individuals to step up has never been stronger, yet the disincentives are growing stronger still

    Previous page You are on page 1 Next page

    Useful links

    Support

    View Site TipsHelp CentreContact UsAbout UsAccessibilitymyFT TourCareers

    Legal & Privacy

    Terms & ConditionsPrivacy PolicyCookiesCopyrightSlavery Statement & Policies

    Services

    Share News Tips SecurelyIndividual SubscriptionsGroup SubscriptionsRepublishingExecutive Job SearchAdvertise with the FTFollow the FT on TwitterFT ChannelsSecondary Schools

    Tools

    PortfolioToday's Newspaper (ePaper)Alerts HubBusiness School RankingsEnterprise ToolsNews feedNewslettersCurrency Converter

    Community & Events

    FT CommunityFT LiveFT ForumsFT Board DirectorBoard Director Programme

    More from the FT Group

    Markets data delayed by at least 15 minutes. © THE FINANCIAL TIMES LTD 2022. FT and ‘Financial Times’ are trademarks of The Financial Times Ltd.
    The Financial Times and its journalism are subject to a self-regulation regime under the FT Editorial Code of Practice.
    Financial Times

    International Edition

    Subscribe for full access
    • Switch to UK Edition
    • Top sections
    • Home
    • World
      • Global Economy
      • UK
      • US
      • China
      • Africa
      • Asia Pacific
      • Emerging Markets
      • Europe
      • War in Ukraine
      • Americas
      • Middle East & North Africa
      • Australia & NZ
    • US
      • US Economy
      • US Companies
      • US Politics & Policy
    • Companies
      • Energy
      • Financials
      • Health
      • Industrials
      • Media
      • Professional Services
      • Retail & Consumer
      • Tech Sector
      • Telecoms
      • Transport
    • Tech
    • Markets
      • Alphaville
      • Markets Data
      • Capital Markets
      • Commodities
      • Currencies
      • Equities
      • Fund Management
      • Trading
      • Moral Money
      • ETF Hub
      • Cryptofinance
    • Climate
    • Opinion
      • Columnists
      • The FT View
      • The Big Read
      • Lex
      • Obituaries
      • Letters
    • Work & Careers
      • Business School Rankings
      • Business Education
      • Entrepreneurship
      • Recruitment
      • Business Books
      • Business Travel
    • Life & Arts
      • Arts
      • Books
      • Food & Drink
      • FT Magazine
      • House & Home
      • Style
      • Travel
      • FT Globetrotter
    • Personal Finance
      • Property & Mortgages
      • Investments
      • Pensions
      • Tax
      • Banking & Savings
      • Advice & Comment
      • Next Act
    • HTSI
    • Special Reports
    • FT recommends
    • Lex
    • Alphaville
    • Lunch with the FT
    • FT Globetrotter
    • #techAsia
    • Moral Money
    • FTfm
    • Newsletters
    • Video
    • Podcasts
    • News feed
    • FT Community
      • FT Live
      • FT Forums
      • Board Director Programme
    • myFT
    • Portfolio
    • Today's Newspaper (ePaper)
    • Crossword
    • Our Apps
    • Help Centre
    • Subscribe
    • Sign In