How the $12.5bn BlackRock-GIP deal is set to shake up investment management - FT | How Ecuador became mired in a ‘state of war’ with drug gangs - FT | Nike races to keep from losing ground to more nimble rivals - FT | Emma Stone, an actor long drawn to the curious

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� � � � � � You Might Like � � � � � � � � � How the $12.5bn BlackRock-GIP deal is set to shake up investment management - Financial Times (Full Access)    BlackRock chief executive Larry Fink has been searching for years for the right private markets partner to make his $10tn money manager as formidable a player in alternative investments as it is in traditional asset management. His overtures to private equity, private credit and hedge funds rarely got beyond the first meal. Often the cultures or business models clashed. When the alternatives titans got intrigued by the idea of a tie-up, they proved unwilling to give BlackRock the majority control it wanted. Global Infrastructure Partners was different. When Fink and GIP founder Adebayo Ogunlesi met for an October dinner at Fasano, an Italian restaurant steps away from Rockefeller Center in New York, the menu included plans for a combination that could shake up the investment management industry. Continued here � � � � � � You Might Like � � � � � � � � � How Ecuador became mired in a 'state of war' with drug gangs - Financial Times (Full Access)    The newscast began like any other. Jorge Rendón, a veteran broadcaster at Ecuador's state-owned TC Televisión in the bustling port city of Guayaquil, was running through the day's stories with his co-anchor. Then, with cameras rolling and the feed broadcast live to the nation, masked gunmen burst into the studio, brandishing high-calibre rifles and grenades. Some of the crew were forced to lie prone on the floor, others sat with their hands bound. Elsewhere in the building, audible on-air before the feed went down, shots were fired. "It was terrifying, a moment of chaos and extreme tension," Rendón tells the Financial Times. "They tried to make us speak out against the government, against the police, and against the world . . . it was an afternoon of chaos." Continued here � � � � � � You Might Like � � � � � � � � � Don't like ads? Go ad-free with TradeBriefs Premium Nike races to keep from losing ground to more nimble rivals - Financial Times (Full Access)    When John Donahoe took over as chief executive of Nike four years ago, the company had a stranglehold on the sport of running, its largest category. Now, it is at risk of falling behind. Seventeen Nike athletes won individual gold medals in running events at the World Athletics Championships in 2019, compared with just five representing all other brands combined. Its Vaporfly 4% running trainers were such a technological breakthrough that competing brands were giving their elite athletes permission to wear Nike shoes in races with the logo covered up. Four years later, the rest of the running world has caught up. The breakthrough of the Vaporflys — a carbon-fibre plate inserted into the midsole — has since been adopted by the rest of the market. At the 2023 World Athletics Championships, athletes representing brands other than Nike won more individual running gold medals, 12, versus Nike's 10. Continued here � � � � � � You Might Like � � � � � � � � � Emma Stone, an actor long drawn to the curious - Financial Times (Full Access)    "I seek outings and adventures," says Bella Baxter, a long-limbed Frankenstein creation with ink-black eyebrows and matching thigh-length hair, describing herself as an "experimenting person". The same could be said for Emma Stone, who on Sunday won a Golden Globe for playing the bizarre protagonist in Poor Things, the latest film by Greek director Yorgos Lanthimos. Now widely tipped for an Oscar, she also helped to produce the film, which was adapted from the 1992 novel by the late Scottish author Alasdair Gray. Bella is a cadaver revived by scientist Dr Godwin Baxter (Willem Dafoe) who implants the brain of her unborn baby into her skull. Pre-verbal, she urinates on the floor and moves like a marionette, until her mind matures, along with her appetites. Abandoning the monochrome claustrophobia of Victorian London for brilliant adventures in Europe, she gorges on custard tarts, dancing and champagne in what the film's writer, Tony McNamara, has described as the "dystopian version of a Merchant Ivory . . . grand tour". Continued here

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