As the Financial Timesâ global finance correspondent, Wigglesworth deciphers how tectonic shiftsâfrom passive investingâs rise to quantitative tradingâs dominanceâreshape capitalismâs bedrock. Based in Oslo but analyzing markets from New York to Hong Kong, his work bridges academic theory, institutional practice, and societal impact.
âThe most interesting stories lie where financeâs plumbing meets its philosophy.â
With Trillions now translated into 14 languages and his FT columns moving markets, Wigglesworth remains essential reading for understanding financeâs past, present, and future.
Wigglesworthâs journey began in 2008 as the FTâs Gulf correspondent, where he covered the Arab Springâs economic fallout in Bahrain and Libya. This foundation in crisis reporting honed his ability to untangle financial systems under stress. Subsequent rolesâincluding U.S. markets editor and deputy head of FastFTâsharpened his focus on structural market changes. His 2021 book Trillions cemented his reputation as the definitive chronicler of index fundsâ quiet revolution.
Wigglesworth dissects how index funds amplified the 2024â2025 bond market rout, drawing parallels to 2008 liquidity crunches. Through interviews with central bankers and quantitative analysts, he reveals how passive strategies have created âfeedback loops of complacencyâ in risk pricing. The articleâs warning about hidden correlations in ETF holdings sparked regulatory debates across major financial hubs.
Wigglesworth deftly connects historical milestonesâlike Jack Bogleâs 1976 Vanguard experimentâto contemporary debates about market efficiency. His analysis of Norwegian sovereign wealth fundâs passive strategy offers rare insights into institutional decision-making. The episodeâs viral âfinancial storm navigationâ analogy became industry shorthand for long-term portfolio management.
By profiling unsung pioneers like John McQuown and Nate Most, Wigglesworth reveals how index funds emerged from 1960s computer labs rather than Wall Street boardrooms. His excavation of early resistance from active managers provides crucial context for todayâs fee compression battles in asset management.
Wigglesworth consistently links technical market developments to broader economic consequences. A successful pitch might explore how blockchain settlement systems could alter index fund composition, using his 2025 analysis of ETF liquidity mismatches as a model. Focus on second-order effects rather than pure technology explanations.
His book Trillions demonstrates how understanding financial history illuminates current trends. Propose stories comparing todayâs private equity boom to 1980s LBO waves, or draw parallels between crypto ETFs and early index fund adoption hurdles. Emphasize archival research and interviews with industry veterans.
Leverage Wigglesworthâs expertise in sovereign wealth funds (particularly Norwayâs NBIM) to pitch analyses of how national strategies influence global markets. Recent columns on Middle Eastern SWFs pivoting to climate investments suggest interest in intersectional policy/finance stories.
Building on his 2024 series about factor investing, develop pitches examining niche areas like ESG scoringâs impact on index construction or machine learningâs role in ETF rebalancing. Include data scientists or academic researchers as key sources.
Wigglesworth often frames market trends through ideological clashes between figures like Warren Buffett and Eugene Fama. Pitch think pieces exploring contemporary disputesâfor instance, the active/passive âcold warâ in emerging markets debt. Prioritize access to high-profile managers or policymakers.
Gerald Loeb Award Finalist (2022): Recognized for investigative series on SPAC accounting irregularities, this honor underscores Wigglesworthâs ability to blend hard-hitting reporting with complex financial analysis. The Loeb Awards, considered journalismâs Pulitzer for business reporting, validate his workâs impact on industry practices.
âTrillionsâ Industry Acclaim: Praised by Nobel laureates and FT colleagues alike, Wigglesworthâs book has become required reading in finance programs worldwide. Mohamed El-Erianâs endorsementââa wonderfully engaging romp through market historyââhighlights its rare balance of rigor and accessibility.
âThe index fundâs rise represents both capitalismâs greatest democratization and its most insidious homogenizationâa paradox that continues to shape 21st-century markets.â