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...emma.jacobs@ft.com...
...Somerset Capital Management, the boutique fund manager co-founded by Tory MP Sir Jacob Rees-Mogg, is to wind down after large client redemptions made the business unsustainable....
...“Anybody that is not worried about Jacob Zuma has not been paying attention.”...
...“Jacob was truly a Renaissance man,” says Howard Marks, co-founder of $189bn investment powerhouse Oaktree Capital Management and a longtime friend. “He had a very active mind and great curiosity....
...Rothschild also co-founded J Rothschild Assurance Group — now known as wealth manager St James’s Place — alongside Sir Mark Weinberg and Mike Wilson in 1991....
...(Mark Zuckerberg called this a “mischaracterisation” of Meta’s research.) But placing the blame entirely at Big Tech’s door also lets everyone else off the hook....
...Joining me in London is our Work & Careers journalist, Emma Jacobs. She often writes about television for the FT....
...Last year Meta founder Mark Zuckerberg posted on Instagram about a strength training circuit, and has won ju-jitsu competitions....
...“It’s becoming even more overt with the rise of Jacob Zuma’s MK party.”...
...I’m keen to read about your non-alcoholic tips to mark the end of working day....
...When Jacob Zuma became president in 2009, this view holds, the ANC descended into corruption and cronyism, the country’s institutions were eroded and growth stalled....
...Mark Zuckerberg’s Meta just announced its first-ever dividend, which is something that rapidly growing tech companies rarely do. Dividends have been shunned in favour of corporate buybacks for decades....
...Here’s Franck Tuil, CIO of Sparta Capital Management, with a letter to Mark Kleinman Wood Group....
...“But if they’re coming in the low 40s, it’s a kind of Rubicon mark.”...
...But he admitted that domestic corruption epitomised by a decade of “state capture” under his predecessor Jacob Zuma had also taken its toll....
...Truss’s address followed speeches by former Conservative deputy chair Lee Anderson and former business secretary Sir Jacob Rees-Mogg....
...Two years ago, Emso examined whether to buy Somerset Capital Management, the emerging markets boutique co-founded by Conservative MP Sir Jacob Rees-Mogg....
...That included “height marks notched on bedroom doors and threadbare childhood teddies, collid[ing] with trinkets from family holidays and doodles of future-bound affirmations”....
...Next month’s halving has already made its mark on the sector....
...Emma Jacobs is the FT’s work & careers writer. Jo Ellison is away...
...In that time Lazard’s share price fell by roughly 25 per cent, before Jacobs relented and stepped down in 2023....
...Please do share any that you’ve enjoyed with me by emailing emma.jacobs@ft.com....
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