The must-read news, commentary and analysis from Financial News this week

Welcome to FN Weekend, your Friday smörgåsbord of the best news, features and opinion from Financial News this week.

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Fareed Sahloul

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Why hedge funds are paying $25,000 a month to interns: ‘They aren’t just doing coffee runs’ 

Here’s how crypto hedge funds performed in January 

Trading Places: BNP’s new COO, Clifford Chance poaches from KKR

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Find out who is on the move in the City and beyond this week

Clifford Chance hires KKR director in London private equity drive

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Magic Circle firm boosts London private equity offering

Proskauer Rose hires Hogan Lovells private equity partner in London

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The announcement comes as USS Investment Management said it won’t bid for the property firm.

KKR Floats $1.97 Billion Non-Binding Offer for London-Listed Assura

KKR Floats $1.97 Billion Non-Binding Offer for London-Listed Property Firm Assura

The U.S. private-equity firm said t decided not to begin a tender offer for the Japanese software company after consulting with Fuji Soft founder Hiroshi Nozawa.

Successful firms are increasingly split between behemoths with several business lines and those focusing on their roots of buying companies.

The New Survival Guide for Private Equity: Go Big or Get Back to Basics

The Chinese technology giant has begun tests to integrate homegrown startup DeepSeek’s AI model into its Weixin messaging app.

Tencent Shares Rise as App Launches DeepSeek Testing

Tencent Shares Hit More Than Three-Year High as App Launches DeepSeek Testing

Unicoin bills its token as being backed by billions of dollars in real-world assets, but Biden administration regulators and some crypto executives were skeptical.

By Alexander Osipovich and Caitlin Ostroff

Will Trump’s Crypto Cops Still Police Fraud? This Flashy Startup Poses a Test

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FN Weekend: The Best of Financial News

Financial News

KKR Floats $1.97 Billion Non-Binding Offer for London-Listed Assura

Bain Capital Ends Pursuit of Fuji Soft

The New Survival Guide for Private Equity: Go Big or Get Back to Basics

Tencent Shares Rise as App Launches DeepSeek Testing

Will Trump’s Crypto Cops Still Police Fraud? This Flashy Startup Poses a Test