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FirstFT: Private equity chiefs reap $40bn gain in share value as assets rise

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Iowa influence on selecting presidential nominees questioned

Questions persist about Iowa’s first-in-the-nation tradition and the state’s outsize influence in framing the presidential race, given that just 41 pledged delegates are up for grabs in a national contest where it will take close to 2,000 delegates to clinch the party’s nomination. This time around, even presidential candidates such as Julian Castro and Michael…