In defence of the second-mover advantage

Stay informed with free updates Simply sign up to the Artificial intelligence myFT Digest — delivered directly to your inbox. A note of threat has crept into the otherwise optimistic language of those who champion the adoption of artificial intelligence. You can hear it in the rhetoric of UK technology secretary Peter Kyle, who told … Read more

Hedge funds dive into private credit

One scoop to start: Nearly four in 10 UK takeovers were reported in the media before their announcement in the 14 months to May this year, triggering concerns at the financial regulator that the London stock market is becoming leakier. Welcome to Due Diligence, your briefing on dealmaking, private equity and corporate finance. This article … Read more

Aberdeen chair says ‘save the world’ claim by asset managers was a ‘mistake’

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Asset managers made a “huge mistake” in claiming the investment industry could “save the world”, the departing chair of the UK’s Aberdeen Group said, over-egging their role in environment, social and government issues for marketing … Read more

Meta and private credit

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. This article is an on-site version of our Unhedged newsletter. Premium subscribers can sign up here to get the newsletter delivered every weekday. Standard subscribers can upgrade to Premium here, or explore all FT newsletters … Read more