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A tie-up with Frontier might be the cleanest way forward

Failure of private equity firms to return cash to investors is blocking institutions from backing hedge funds

Plus, Fink warns on protectionism, US junk bonds sell-off, and the Dolce Vita Orient Express

Izzy Englander’s $60bn firm had planned to put money to work with smaller multi-strategy rival

Short bets reflect broader loss of enthusiasm for green energy stocks

Traders bet ECB will have limited room to cut rates this year with inflation above target

Arrowstreet Capital likely to have made at least $1bn in profits on the chipmaker this year

Short positions in UK government debt this week fell to their lowest level since at least 2006

Plus, French AI pioneer Mistral weighs its future as DeepSeek changes the game and the lucrative business of airline loyalty programmes

Rules introduced in response to Adani short seller report would force funds to disclose ‘granular details’ of end investors