The pension fund of TNO, the Dutch scientific and technical consultancy, is the latest pension fund to invest in fund of hedge funds and has appointed two providers for its first foray into the asset class.

The €1.3bn ($1.6bn) fund will invest up to €100m in fund of hedge funds and has appointed Pacific Alternative Asset Management Company (Paamco) and EIM Group for an initial €15m each.

Dutch fund appoints two fund of hedge funds providers

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Citi veteran Selim Elgen joins JPMorgan’s private bank in Dubai

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Senior private banker heads to new employer after three decades

Jain Global hires ex-Millennium portfolio manager Gregoire Thomas

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Thomas has joined the Hong Kong office of Bobby Jain’s new hedge fund

Ex-Brevan Howard portfolio manager’s hedge fund opens Sydney office

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Carl Radford’s White Elk Partners will have six people in the Australian city by the end of 2025

The agreement settles claims that the lender facilitated $800 million of payments related to the looting of the Malaysian sovereign-wealth fund.

JPMorgan to Pay $330 Million Over 1MDB Transactions

European business activity continues to prove resilient into the second half of the year, surveys showed, despite the American trade tariffs that have weighed on some companies.

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The Dutch insurer and asset manager has focused on making the U.S. its primary market and a key pillar of its growth strategy in recent years.

Dutch Insurer Aegon Evaluates Relocation to U.S.

The president and his allies accuse Powell of dragging his feet on interest-rate cuts, in a caustic and unprecedented pressure campaign.

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With a new tech leader taking the reins, the bank is looking to double down on high-value AI use cases and iterate quickly when things aren’t working.

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Alpha School, which has locations in Texas, Florida and California, is launching in New York in September.

Bill Ackman’s New Pet Project Is a School That Embraces AI and Rejects DEI

The city’s exchange operator reported record profit and revenue as bullish market sentiment boosted trading.

Hong Kong Regains IPO Crown as Exchange Operator Posts Record Earnings

“Recent trade deals have alleviated, but certainly not eliminated, global uncertainty, which persists on account of the unpredictable policy environment,” Lagarde told a panel on Wednesday.

Europe Should Deepen Ties With Non-U.S. Trade Partners, Lagarde Says

U.S. stock futures started Wednesday lower after a tech-led selloff caused by a report saying the majority of companies investing in generative AI have yet to see returns.

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Bill Derrough’s move follows recent leadership changes at Moelis.

Moelis Restructuring Banker Derrough Moves to Jefferies

Dominari was new to the finance game when it took office space in Trump Tower. Now it’s a key adviser on the first family’s ventures, from crypto to manufacturing.

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Fears of slow sales and tight pricing are weighing on PE stocks.

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The group is focused on acquiring businesses operating mainly in the U.K. online pharmacy market.

Vulcan Two Group Seeks AIM Stock Market IPO

The bank said it also received authorization from the Bank of Italy to acquire indirect control of Banca Generali subsidiaries and indirect shareholdings in affiliates.

Mediobanca Gets ECB Approval for Banca Generali Bid

S&P Global Ratings expects robust revenues from the Trump administration’s newly instituted tariff regime to help offset the expected fiscal deterioration resulting from recent legislative changes.

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The bank is preparing to move thousands of employees into its new, 2.5-million-square-foot Midtown headquarters.

NYC Offices Are Back. Nothing Shows This More Than JPMorgan’s $3 Billion Tower. 

NYC Offices Are Back. Nothing Proves It More Than JPMorgan’s $3 Billion Tower.

Corporate profits are on track for a double-digit climb, led by the tech sector.

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Some firm leaders have shrugged off deals as unenforceable, while at least one has taken on trade work for the administration with no fanfare.

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The “Taylor Swift tax,” among other levies, targets the rich. Will they be driven away?

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The S&P 500 and the Nasdaq composite both hit closing highs for a second straight session.

U.S. Stocks Amble to Fresh Records on Optimism for a September Rate Cut

The vice president is the most high-profile recent American visitor to the Cotswolds, an idyll that locals say is being disrupted by too many Yanks.

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Tricks of the trade gain new importance as 401(k) accounts open up to alternative investments.

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The bank’s economists had predicted tariffs could cause inflation and slow economic growth.

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Tech execs are paying tens of thousands to find brilliant dates or select high-IQ embryos. “They want to raise high-performing children.”

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A 23-year-old former OpenAI researcher quickly amassed more than $1.5 billion for a firm he called a “brain trust on AI.” 

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Top executives at JPMorgan Chase traveled through states including Mississippi and Alabama, where the bank is expanding its reach.

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A pair of executive orders President Trump signed Thursday show how he is beginning to reshape the world of banking and finance.

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The U.K. central bank lowered its key rate for the fifth time in a year as it seeks to balance a pickup in inflation against a cooling jobs market.

Bank of England Cuts Rates After Tight Vote

The private-equity firm’s profit rose amid what its executives called the best environment for selling assets in years.

Exits Lift Carlyle in Second Quarter as Firm Sees Better Market Conditions

The bank’s quarterly net result declined but revenue rose 13% compared with a year ago, and it reaffirmed its capital returns plans.

Commerzbank Raises Guidance, Plans $1.2 Billion Buyback After Earnings Beat

A weekly call turned into a celebration of heroes as staffers comfort one another through lingering trauma.

Blackstone Begins ‘Climb Back to Normalcy,’ Returns to Office After Shooting

The president recounted his experiences when asked about an executive order the White House is preparing.

Trump Says Banks Discriminate Against Conservatives—Including Him

Gold prices are climbing as the threat of a U.S. economic slowdown becomes increasingly real.

Gold Higher as U.S. Economy is Seen Stalling

The president is expected to sign an executive order as soon as this week that targets what is called debanking of businesses including crypto companies.

White House Preps Order to Punish Banks That Discriminate Against Conservatives

Some fear a decline in the world-leading economic statistics underpinning U.S. markets.

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Big stock awards have grown much bigger for the chief executives of Palantir and Broadcom, driven by dramatic market gains and, in some cases, complex multipliers.

For a Few CEOs, Pay Keeps Growing—by the Billions

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