Tom Metcalf
@tommetcalf123
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Managing Editor of EMEA Finance & Investing at Bloomberg News. All ramblings my own...
London, England
Joined December 2010
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NEW: A London-based investment firm backed by a trust of Russian tycoon Boris Mints, is carving out a niche in arranging financing for the kinds of deals that traditional lenders tend to avoid. Story here w/@ManySundays @JackSidders
https://t.co/49NmebBstN via @business
bloomberg.com
North Wind Capital provides financing for UK real estate through unusual structures
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EXCLUSIVE: Billionaire Dmitry Balyasny's hedge fund is spending more than $200 million in payouts to recruit senior portfolio managers from rivals as the expensive war for trading talent rages. Story with @Burtonkathy & @GillianTan
https://t.co/WykRT9zdUd via @business
bloomberg.com
Dmitry Balyasny is on an expensive hiring spree to fix his hedge fund’s equities trading business.
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NEW: In the July issue of Bloomberg Businessweek, Bernard Arnault, one of the wealthiest people alive, explains how he built LVMH into the largest luxury conglomerate in the world. (thread: 1/4) https://t.co/g6ZY7b6xNq
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The Bloomberg Big Take: A look inside hedge fund giants performing a kind of human-resources alchemy: turning the base metal of promising analysts into the gold of portfolio managers who might bring you $50m to $100 m in yearly profit https://t.co/2u9QpH8MJX via @markets
bloomberg.com
Amid a brutal hiring war, Steve Cohen’s Point72, Ken Griffin’s Citadel and other giant hedge funds are going in a radical new direction: Training schemes for in-house superstars.
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NEW: Vanguard's outsider CEO shows the mounting pressure the firm faces after the ETF boom masked years of missteps. Interviews with insiders paint a portrait of an organization already in the throes of a once-in-a-lifetime transformation
bloomberg.com
The index fund giant has reached a crossroads. Can an outsider fix the house Bogle built?
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EXCLUSIVE: Brevan Howard, one of the world’s best known hedge fund giants, is cutting more than 100 staff to cut costs. Growth in assets (from $6b in 2019 to $35b now) had led to staff no. swelling to over 1,100 from 150 in 2019 https://t.co/8QEEPIkEVI via @markets
bloomberg.com
Brevan Howard Asset Management is cutting around 10% of its workforce — or about 100 employees — to reduce costs as one of the world’s best known hedge funds streamlines its rapidly growing operation.
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NEW: Blackrock’s Larry Fink has big plans to get a piece of the riches of Saudi Arabia, which has long been a tough market for outsiders With @DNair5 @sabrush @MattMartin128
https://t.co/m7m68Gyl6C via @markets
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As Saudi Arabia plows billions into infrastructure and investments, Larry Fink is out to make sure that money management giant BlackRock gets a share https://t.co/x9KpXViCBm via @markets @loukia_g @sabrush @DNair5
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EXCLUSIVE: Millennium is liquidating wagers made by credit trading specialist Jason Feasey after his bets on telecom network Altice caused losses; with @sridinats
https://t.co/VYxjdF59Vb via @markets
bloomberg.com
Millennium Management is liquidating wagers made by credit trading specialist Jason Feasey after his bets on telecom network Altice caused losses at the hedge fund firm.
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NEW: Private investigators are in demand among money managers trying to find out the real value of private market assets as investor faith plummets. https://t.co/e5IuuwRJQR via @markets
bloomberg.com
Investor faith in private market asset values has plumbed such depths that some are taking matters into their own hands.
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Harassment and drug use marred Citigroup's equities unit for years, according to interviews with 22 people who worked in or closely with the unit. This story required months of careful reporting with @maxabelson and @sallybakewell1. Please give it a read. https://t.co/gIwduCrYDw
bloomberg.com
Interviews with 22 people suggest long-standing dysfunction inside the big bank’s equities division
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EXCLUSIVE: Hedge fund ExodusPoint stopped Bhavit Sawjani, a marquee hire and Dubai-based portfolio manager who led a six-member team, from trading late last year following losses of more than $70 million. https://t.co/f2YzQCEVYb via @markets
bloomberg.com
Hedge fund ExodusPoint Capital Management stopped Bhavit Sawjani, a marquee hire and Dubai-based portfolio manager who led a six-member team, from trading late last year following losses of more than...
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Calling all budding financial journalists. At Bloomberg News, we're serious about investing in the next generation of talent. We're offering 10-week paid summer internships for 2025 in Frankfurt. Curious? Register for our launch event on April 18 https://t.co/dAsN80KtJP
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On Halloween 2018, a London detective investigating a Chinese takeaway worker stumbled on billions of pounds worth of bitcoin in a Hampstead mansion https://t.co/cdtgukv0aa My and @SugiuraEri's long read on an extraordinary tale of crime, crypto and a woman in way over her head
ft.com
What were two Chinese women doing in a rented mansion in London with an astronomical amount of cryptocurrency?
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New: Asda-owners Mohsin and Zuber Issa have seen the value of their stakes in the grocer and petrol forecourt empire EG Group fall 60%, according to the Bloomberg Billionaires Index. With @BenStupples and @gmorpurgo
https://t.co/x8iHogquFs
bloomberg.com
The value of Mohsin and Zuber Issa’s retail holdings has fallen by almost 60% since 2021 as the siblings sold assets to repay loans.
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EXC via @alexwickham & me - Tax cuts in Sept ahead of Oct / Nov election - Early suggestions include a significant reduction in income tax, slashing stamp duty and council tax cuts that could mean those on the lowest income don’t pay
bloomberg.com
Rishi Sunak thinks he has the makings of a plan to stave off a Conservative Party wipe-out in the upcoming UK election: another tax-cutting budget in September, with voters going to the polls in...
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