Banks charged sharply different fees for access to Anthropic investment
Disparate pricing raises prospect of investors earning unequal returns in the same deal on the basis of who their banker is
Disparate pricing raises prospect of investors earning unequal returns in the same deal on the basis of who their banker is

But it relies on a host of rosy assumptions going in investors’ favour

FT analysis of 16 funds shows extent of fees paid to banks and brokerages

More frequent asset valuations can boost market resilience and investor confidence

What matters most is how capital was deployed and underwritten

Private credit groups, hedge funds and other institutions account for more than half of global financial assets

Portfolio management should be based more on themes such as innovation