Private equity’s dirty finance secret

Please use the sharing tools found via the email icon at the top of articles. Copying articles to share with others is a breach of FT.com T&Cs and Copyright Policy. Email [email protected] to buy additional rights. Subscribers may share up to 10 or 20 articles per month using the gift article service. More information can be found here. https://www.ft.com/content/48d107b2-5fed-11e7-91a7-502f7ee26895 Tighter rules are required to stop private equity managers from artificially inflating claims about their performance, according to the largest association representing investors in buyout funds. The Washington-based Institutional Limited Partners…

Read More

New friendships best-kept secret in travel

BARBERINO VAL D’ELSA, TUSCANY— As a kid, I dreamed of traveling. My parents purchased a set of World Book encyclopedias when I was about 4 years old, and for more than a decade that was my conduit to other parts of the globe. I dreamed of far-off exotic lands and what they must be like: the people, the animals, the food. In my teen years, my travel ambitions moved closer to home as I was enamored with the Los Angeles rock scene. In my 20s, I narrowed my wanderlust to the South and…

Read More

The secret of Namibia’s ‘fairy circles’ may be explained at last

The marks on the ground in the Namib desert resemble a vast sheet of polka dots, or to the less romantic observer, perhaps a bad case of chickenpox. In local myths, the bare, red circles fringed with grass are footprints of the gods, or patches of land once poisoned by the breath of a subterranean dragon. But even among scientists, who strive for more convincing theories, the curious, repetitive patterns have proved hard to explain. Since “fairy circles” became the focus of scientific study, researchers have proposed a host of…

Read More

Facebook tests ‘secret message’ service

Private messages that can disappear are being trialled by Facebook as it experiments with a new option for those using its Messenger app. They become hidden after a certain period of time chosen by the author, the firm said. It is part of a new “secret message” service having a limited trial, Facebook announced. Senders must choose one device to use it on, as messages sent this way are stored on the device itself. Those flagged to “disappear” will be deleted from the device as well. “Starting a secret conversation…

Read More