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World Economy Apr 02, 2026

Chris Rokos gifts record £190 million to Cambridge, creating UK's largest university endowment and spotlighting hedge‑fund billionaire’s philanthropic surge

Hedge‑fund founder Chris Rokos has pledged a historic £190 million to the University of Cambridge f…
When billionaire hedge‑fund manager Chris Rokos announced a £190 million contribution to the University of Cambridge, the move instantly became the largest single donation to any UK university in modern history. The funds will establish a new “school of government” aimed at bridging policy, science and emerging technologies. Rokos, a 55‑year‑old Oxford graduate, has amassed an estimated £2.6 billion fortune, primarily through his firm Rokos Capital Management (RCM), which he founded in 2015 after a high‑profile stint at Brevan Howard. RCM now oversees **over £22 billion** in assets, employs roughly 350 staff, and operates from offices in London, New York, Singapore and Abu Dhabi. In the most recent fiscal year ending March, Rokos paid himself nearly £500 million, according to Companies House filings, reflecting the firm’s strong performance amid volatile markets. Beyond finance, Rokos has kept a remarkably low public profile. He famously declined to provide a photograph when launching a £500 million fund in 2007, and he has avoided media attention despite owning one of England’s most expensive private residences. The £175 million refurbishment of the Grade I‑listed Tottenham House in Wiltshire – featuring a tennis pavilion, private cinema, basement squash court and a proposed “subterranean family link” to a pool house – has drawn local council scrutiny but stands as a tangible testament to his wealth. Rokos’s career trajectory began in banking at UBS and Goldman Sachs, moving to Credit Suisse where he was recruited by Alan Howard. He later joined the founding team of Brevan Howard in 2002, generating roughly $4 billion (≈£3 billion) in investor profits and about £600 million for himself before departing in 2012. His philanthropic philosophy emphasizes diversity of thought. In a video released by Cambridge, Rokos warned that a school populated only by “centrist, socially liberal” voices would be a failure, insisting on a broad spectrum of intellectual viewpoints. Earlier this year, RCM’s exploratory talks to bring former UK business secretary Peter Mandelson onto its advisory board collapsed after revelations about Mandelson’s connections to the late Jeffrey Epstein. Rokos also ranks among the UK’s biggest taxpayers and maintains a family office in Mayfair. A lingering legal dispute over a five‑year non‑compete clause with a former employer was settled out of court, clearing the way for his current venture. Overall, the record‑breaking Cambridge donation not only reshapes the university’s academic landscape but also underscores how hedge‑fund wealth is increasingly channeled into high‑impact philanthropy, blurring the lines between finance, education and public policy.
#rokos #university #school
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Sports Apr 01, 2026

Arsenal's Champions League Title Defence Alive After Thrilling Draw with Chelsea

Arsenal secured their spot in the Women's Champions League semi-finals, overcoming Chelsea 3-2 on a…
Arsenal successfully defended their Women's Champions League title hopes with a thrilling draw against Chelsea. The Gunners secured a 3-2 aggregate win, despite suffering a 1-0 loss in the second leg at Stamford Bridge. Chelsea's Sjoeke Nüsken scored a late goal, but it wasn't enough to overcome the 3-1 deficit from the first leg. The intense match saw Chelsea manager Sonia Bompastor sent off shortly before the final whistle. Arsenal's victory ensures they will play the winner of the quarter-final between Lyon and Wolfsburg. The German side holds a 1-0 lead into the second leg. The match was marked by high tension and dramatic moments. Chelsea's Allyssa Thompson had a chance to score but hit the ball over the bar. Hannah Hampton made crucial saves for Chelsea, while Arsenal's Daphne van Domselaar also made key stops. Arsenal's Stina Blackstenius had a goal disallowed for offside, which could have sealed the tie. However, Chelsea pushed hard and Veerle Buurman hit the post in the dying minutes. Nüsken's late strike gave Chelsea a glimmer of hope, but ultimately, Arsenal's lead held, securing their place in the semi-finals and continuing their title defence.
#Arsenal Women #Chelsea Women #UEFA Women's Champions League
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Environment Apr 01, 2026

The Unsung Hero of Spring: Why Dandelions Deserve Our Delight

The article celebrates the dandelion as a symbol of nature's generosity, highlighting its nutrition…
The arrival of drier March days brings with it the familiar hum of lawn mowers on urban housing estates, but for the author, it's a signal to search for the first signs of their beloved spring flower: the dandelion. Spotting one blooming in a crack beside a crumbling wall, the author can't help but feel a sense of joy and connection to this often-maligned weed. The dandelion's unique charm lies in its ability to thrive in unexpected places, much like the author, who identifies as a wheelchair user, feels a kinship with the flower's resilient nature. This connection is shared with toddlers who delight in carrying dandelions in their fists, and the author jokingly suggests that dandelions would make a perfect bridal bouquet. Dandelions are pure sunshine, offering an instant tonic for grey days or low moods. They provide a vital source of nutrition for pollinators when other pollen is scarce, acting as a bridge until other spring flowers bloom. The flowers, roots, and leaves are also a remarkably nutritious food source, boasting more vitamin A than spinach and more vitamin C than tomatoes. The dandelion's thick roots, rich in latex, are being explored as a sustainable and eco-friendly source of rubber for car and bicycle tires. Additionally, the flower's behavior serves as a rudimentary weather forecast, closing its petals tight when rain is approaching to protect its pollen. As the dandelion's flowering cycle comes to an end, it offers a final gift: turning into bright, white moons. Blowing on these seed heads not only helps spread the seeds but also feels like an appropriate thank you for all that the dandelion provides.
#than #our #dandelion
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Politics Apr 01, 2026

FIFA President Affirms Iran Will Compete in U.S. World Cup Venues Amid Ongoing US‑Iran Conflict

FIFA President Gianni Infantino confirmed that Iran’s national team will play its 2026 World Cup ma…
FIFA President Gianni Infantino declared on Tuesday that Iran will fulfill its World Cup 2026 fixtures in the United States as originally planned, reinforcing the governing body’s commitment to a schedule that includes all qualified teams. The Iranian Football Federation had earlier announced that it was negotiating with FIFA to shift its group‑stage matches from U.S. venues to Mexico, citing safety concerns stemming from the war involving the United States and Israel that began on February 28. Mexico’s President Claudia Sheinbaum offered her country’s readiness to host Iran’s first‑round games if a relocation became necessary, highlighting regional solidarity. According to the tournament draw, Iran’s Group G campaign will open in Los Angeles on June 15 against New Zealand, followed by a clash with Belgium in the same city on June 21, and a final group match versus Egypt in Seattle on June 27. The war’s outbreak had cast doubt on Iran’s participation, prompting Infantino to address concerns during halftime of Iran’s friendly against Costa Rica in Turkey. He told AFP, “Iran will be at the World Cup… That’s why we’re here,” and praised the team’s quality. Infantino also referenced assurances allegedly given by former U.S. President Donald Trump that the Iranian squad would be welcome, though Trump later warned that the team should not travel “for their own life and safety.” Iran responded firmly, stating that “no one can exclude Iran’s national team from the World Cup.” In a March 19 online FIFA Council meeting, Infantino reaffirmed the organization’s stance: “FIFA is committed to ensuring the World Cup proceeds as scheduled with all teams participating,” adding that football can serve as a bridge for peace even when geopolitical conflicts lie beyond its control. Iran’s recent friendly against Nigeria in Belek, Turkey, featured players wearing black armbands and carrying school rucksacks to honor victims of a tragic air strike on a primary school in Minab on February 28, which killed at least 170 people. The New York Times reported that a U.S. Tomahawk cruise missile mistakenly hit the school, according to preliminary military findings. These gestures underscore the intersection of sport and geopolitics, as the global football community strives to maintain the tournament’s integrity while acknowledging the human cost of ongoing conflicts.
#FIFA #Gianni Infantino #Iran national team
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Politics Mar 31, 2026

Chris Rokos Pledges Record £190 million to Cambridge for New School of Government

British billionaire Chris Rokos has committed a historic £190 million to the University of Cambridg…
British hedge‑fund billionaire Chris Rokos has announced a £190 million endowment to the University of Cambridge to create a new, eponymous school of government. The pledge, comprising an initial £130 million and a further commitment of up to £60 million that the university will match, is believed to be the largest single donation ever made to a UK university. The Rokos School of Government is slated to open in temporary facilities this autumn, offering PhD and master’s programmes focused on public policy, leadership and governance. In the longer term it will relocate to a purpose‑built campus within Cambridge’s West Innovation District, positioning itself as a direct rival to Oxford’s Blavatnik School of Government, which was launched in 2010 with a £75 million gift. Rokos, 55, rose from a state primary school to a scholarship at Eton and a mathematics degree at Oxford before co‑founding the hedge fund Brevan Howard and later establishing Rokos Capital Management, which now employs over 350 staff. He is listed on the Sunday Times Rich List with an estimated net worth of £2.6 billion and is among the UK’s biggest taxpayers. Speaking about the donation, Rokos said, "I was fortunate to be given an education that transformed my life, and I would like to give something back to Britain. My hope is that, in time, the influence of the Rokos School of Government across the world becomes an important element of that soft power, which has been a great asset to the UK." University officials framed the new school as a response to “growing turbulence in domestic and international politics, increasing polarisation of political opinion, and long‑term structural changes in the economy.” The institution aims to provide a “unique forum for radical and remarkable thinking,” leveraging Cambridge’s tradition of scientific innovation and interdisciplinary collaboration. Vice‑chancellor Prof. Deborah Prentice added, "Tackling the enormous challenges facing our world requires radical new ways of thinking and approaches to leadership. Cambridge’s strengths across all disciplines and its convening power make it uniquely positioned to drive this innovation. Thanks to Chris’s generous support, the Rokos School will become a place where current and future leaders, together with experts from across our institution, generate the insights and solutions needed for a rapidly changing world." The school’s establishment also reflects a broader trend of private wealth shaping public‑policy education in the UK, echoing similar high‑profile gifts such as Leonard Blavatnik’s £75 million donation to Oxford. By creating a dedicated hub for governance studies, Rokos hopes to cement Cambridge’s role as a training ground for future world leaders and to reinforce Britain’s international influence. Rokos Capital Management recently made headlines when talks to appoint former UK ambassador Peter Mandelson as an adviser were terminated following renewed scrutiny of the Epstein scandal, underscoring the complex interplay between finance, politics and public perception. The £190 million endowment not only marks a milestone for UK higher‑education philanthropy but also signals a strategic investment in the development of policy expertise that could shape global governance for decades to come.
#Chris Rokos #University of Cambridge #Rokos School of Government
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World Economy Mar 31, 2026

UK Steel Industry Faces Job Cuts and Closures Amid 'Back Door' Loophole in Trade Rules

Steel bosses warn that a loophole in new UK trade rules could lead to job cuts and factory closures…
The UK steel industry is facing a significant threat to its survival due to a 'back door' loophole in new trade rules, which could result in job cuts and factory closures. The loophole allows pre-made steel parts, such as bridge sections, columns, and door frames, to enter the UK tax-free, undermining the government's efforts to protect British manufacturers.Earlier in March, the UK government announced plans to double tariffs on imported steel and cut the amount that can be bought from abroad in an attempt to protect Britain's struggling steelmakers. However, industry bosses argue that the measures do not go far enough, as they only target imports of raw steel and leave pre-made steel products untouched.The loophole has been criticized by industry leaders, including Simon Boyd, managing director of Reidsteel, who stated that it would 'undo what the government's trying to do to protect steelmaking' and 'kill the downstream customers of steelmakers in the UK off'. The UK steel industry employs around 10,000 people and has suffered decades of job losses.The wider network of downstream manufacturers that turn steel into finished products is estimated to support 300,000 jobs. However, the industry is under significant pressure from rising energy costs and the threat of cheap imports. The government's new rules are expected to incentivize buyers to follow suit, as they will push up the price of UK-produced steel.A government spokesperson said that their steel strategy is protecting UK producers, with robust new measures applying to all steel products that can be made in the UK. However, industry leaders argue that more needs to be done to prevent job losses and factory closures.
#steel #british #industry
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Sports Mar 31, 2026

Saki Kumagai pledges to mentor Japan’s rising stars after landmark Asian Cup victory

Veteran defender Saki Kumagai, the last link to Japan’s 2011 World Cup triumph, reflects on the tea…
After clinching the 2026 Asian Cup in Australia, 35‑year‑old defender Saki Kumagai was asked to rank the trophy among the many she has collected over a 17‑year career. She smiled, shook her head and said, “I never compare my titles… this team is from a different generation, so winning this tournament means a lot.” Kumagai is the sole remaining player who lifted the Women’s World Cup in 2011 – the first and only Asian nation to do so. At 21, she scored the decisive penalty in the shoot‑out against the United States, a victory that came just months after the devastating earthquake and tsunami that struck Japan. Today, the squad she captains features teenagers who were toddlers when she made history: forward Maika Hamano was seven, centre‑back Toko Koga five, and top scorer Riko Ueki twelve when Kumagai’s winning penalty was replayed on TV. Kumagai admits she offers little direct advice, but she leads by example, saying, “I try to pass the baton to the next generation to show them how to perform in these moments.” The transition is no accident. In 2005 the Japanese Football Association unveiled a 50‑year vision aimed at expanding participation, climbing FIFA rankings and eventually hosting – and winning – a World Cup. Halfway through that plan, Japan now sits fifth in the FIFA women’s rankings, having added an Olympic silver medal (2021), a second World Cup final (2015), and three Asian Cup titles (2014, 2018, 2026) to its résumé. While the men’s game has progressed more slowly, the women’s side has surged ahead, bolstered by the launch of Asia’s first full‑time professional women’s league in 2021. This structural backbone has produced a squad “propelled by young stars,” as Kumagai notes. Currently playing for the London City Lionesses after spells at Olympique Lyonnais, Bayern Munich and Roma, Kumagai sees herself as a bridge between eras. She hopes her experience will help Japan reclaim the sport’s summit. “We have a lot of good young players,” she says. “They have confidence, they’re gaining experience in Europe, and as an experienced player I want to create a supportive environment for them.”
#team #japan #she
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Entertainment Mar 30, 2026

Rembrandt Masterpiece Reattributed: 'Old Man with a Gold Chain' Confirmed as Authentic

A portrait previously considered a workshop copy of Rembrandt's 'Old Man with a Gold Chain' has bee…
A leading Rembrandt scholar, Gary Schwartz, has concluded that a portrait titled 'Old Man with a Gold Chain' and dated to the early 1630s is, in fact, an authentic work by the 17th-century Dutch master. The painting, which has been on loan from Sir Francis Newman, a Cambridge-based entrepreneur, has been reunited with its counterpart at the Art Institute of Chicago.Each of the paintings depicts an older man wearing a gold chain and a plumed hat. For almost four centuries, the two portraits have been separated, with the Chicago version considered the undisputed original. The Newman portrait, slightly smaller and painted on canvas, was previously labelled as a 'copy' by an artist in Rembrandt's workshop.However, Schwartz's research suggests that both paintings are by Rembrandt. He argues that the quality of the brushwork and the practice of Dutch artists creating replicas of their own paintings support this conclusion. In 1699, a French contemporary of Rembrandt noted that it was common for Dutch artists to repeat their works.X-ray and infrared imaging of the Chicago picture revealed underdrawing and adjustments to the man's costume, which were absent from the Newman canvas. This led Schwartz to conclude that the Newman painting was not a workshop reproduction but an original work by Rembrandt.The Hamilton Kerr Institute at the University of Cambridge found that the UK version's canvas and colour pigments matched those used by Rembrandt and his studio. If confirmed as a Rembrandt, the painting will go to a museum, according to Newman.
#Rembrandt #Old Man with a Gold Chain #Art Institute of Chicago
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Sports Mar 30, 2026

Amnesty International Warns 2026 World Cup Risks Becoming 'Stage for Repression'

Amnesty International warns that the 2026 World Cup, hosted by the US, Canada, and Mexico, risks be…
Amnesty International has raised concerns that the 2026 Fifa World Cup, set to take place across the US, Canada, and Mexico, may become a 'stage for repression' rather than a celebration of football and unity. The organization published a report titled 'Humanity Must Win,' calling on Fifa and the host countries to take immediate action to protect fans, players, and local communities.The report highlights that while Fifa has promised a tournament where everyone feels safe, included, and free to exercise their rights, the reality on the ground, especially in the US, tells a different story. Amnesty International describes the US as facing a 'human rights emergency' under the Donald Trump administration, marked by mass deportations, arbitrary arrests, and 'paramilitary-style' Immigration and Customs Enforcement (ICE) operations.ICE has announced it will be a key part of the security apparatus for the World Cup, despite concerns over its actions, including the killing of two American citizens by ICE agents in Minneapolis in January. Amnesty International also noted that none of the published US host city plans address how fans or local communities will be protected from ICE operations.The organization pointed out that fans from several countries, including Côte d'Ivoire, Haiti, Iran, and Senegal, face US travel bans, and LGBTQ+ fan groups from England and Europe have expressed concerns about attending matches in the US due to risks to transgender supporters. The report emphasizes that urgent efforts are needed to bridge the gap between Fifa's original promise of a safe and inclusive tournament and the current reality.Fifa stands to earn $11bn from the tournament cycle, but Amnesty's head of economic and social justice, Steve Cockburn, stressed that 'fans, communities, players, journalists, and workers cannot be made to pay the price' for the tournament's success. 'It is these people – not governments, sponsors, or Fifa – to whom football belongs, and their rights must be at the centre of the tournament.'
#fifa #world #cup
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