Rutland Partners, a UK private equity firm, has tripled its money on H&T Group, after floating the company on London's Alternative Investment Market. Rutland bought H&T, the UK's largest pawnbroker with 69 outlets, from Cash America International for £49m (€71.8m) in 2004. The float, which valued H&T at £91.9m, generated proceeds of £44.5m for Rutland, 2.9 times its initial investment of £15.4m.

News in brief: Rutland redeems pawnbroker ticket

Siparex

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Jose Minaya’s big plan for Newton, and DWS boss predicts ‘gigantic’ stablecoin market

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Milbank hires private equity M&A rising star in Germany

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Coutts hires ex-JPMorgan banker James Todd as next private client boss

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Todd replaces Camilla Stowell who left the NatWest-owned wealth in January

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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.

How One Big Private-Equity Fund Makes Its Numbers Incomprehensible

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

Trump Calls on Goldman to Replace Economist Over Tariff Stance

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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Bank of England Cuts Rates After Tight Vote

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

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