A small group of little-known hedge-fund traders dominates the massive 'basis trade.' They’ve made billions for their firms and fortunes for themselves — and alarmed financial supervisors. Story w/Nishant Kumar William Shaw and edited by James Boxell

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Wall Street banks made one of their biggest fortunes last year. One of the reasons for the boom: a billion-dollar windfall funneled from Russia via former Soviet republics to currency traders at Goldman, JPM, Citi. Story w/Nariman Gizitdinov William Shaw

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NEW: A Mauritius court battle, a joint bank account and a coffee machine. How the former partner of fund manager Terry Smith can't get her investment back. With Jonathan Browning

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New: GAM’s third largest backer has rejected the Liontrust takeover deal. Will it or won’t it go through? Stay tuned

It was a long time now… Katie Linsell - Rallye appears before the sanction commission of the AMF tomorrow.

When real estate investor Yannis Delikanakis woke up from a 26-day coma in April 2020, he discovered that his bank accounts were frozen and he’d been ousted from the private equity fund that he'd co-founded 16 years earlier bloomberg.com/news/articles/… via Bloomberg Laura Benitez

Dreams of homeownership are slipping further out of reach for many as budget cuts choke Britain's planning system bloomberg.com/news/articles/… via Bloomberg Damian Shepherd

I wrote about inherent determinism in mechanised rotation systems subject to decaying angular velocity.
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The UK's most popular money manager Terry Smith has built a vast fortune. Last year he shifted his stake in his firm Fundsmith to a foundation in the Seychelles. bloomberg.com/news/articles/… via Bloomberg

Lloyds is racing to sell a loan on a Canary Wharf office tower that’s due to mature imminently. The same Chinese tycoon that owns the building has already defaulted on a loan on his other Canary Wharf tower which is for sale. With ⁦Laura Benitez⁩ bloomberg.com/news/articles/…

``The Turba is the same age as the Prestige was, and it just collected the same type of cargo from the same Russian port''
The vast shadow fleet of tankers carrying Moscow’s oil around the globe is aging and potentially dangerous bloomberg.com/news/articles/… via Bloomberg Markets asad zulfiqar

Energy companies have pocketed about £525 million by “manipulating” the power market as UK consumers face skyrocketing electricity bills bloomberg.com/graphics/2023-… via @bbgvisualdata Gavin Finch Jason Grotto Todd Gillespie Sam Dodge

Highly recommend John Authers and Isabelle Lee’s definitive Big Take on what just happened and what it means, including this great chart which has probably become the most important thing for real estate investors everywhere bloomberg.com/opinion/articl…

Utterly surreal week in Cannes experiencing financial market turmoil in company of 23k property folk. Here’s our attempt to capture it, with help from Europe’s biggest property investors who kindly shared their views on the volatility raging around them bloomberg.com/news/articles/…

A stealth tax hike will allow Chancellor Jeremy Hunt to divert billions of UK pay rises to government coffers. Here’s how “fiscal drag” will affect your household bloomberg.com/graphics/2023-… via @bbgvisualdata John Stepek

Technology bets giveth and then taketh away. How Tesla lover Baillie Gifford made a fortune and lost out as techs punished in rotation away from growth, story by Loukia Gyftopoulou bloomberg.com/news/articles/… via Bloomberg Markets

Tycoon Behind a Crisis-Era Property Crash Now Sits on a $9 Billion Debt Mountain. Story here with the great Jack Sidders and Luca Casiraghi bloomberg.com/news/features/…

'The pandemic has resulted in a stark paradox in Britain: the worst of times for public health, job security and the economy has turned into the best of times for wealth creation—provided you held the assets.' bloomberg.com/news/articles/… via Bloomberg Wealth #RealEstate #wealthgap

Tudor plans digital disruption fund run by data specialist and one of its longest standing money managers Ulrike Hoffmann-Burchardi

Banks including JPMorgan, Deutsche Bank, Nomura, balk at compensation for 'big bang' losses on rates trades. Story w/William Shaw Nishant Kumar Marion Dakers bloomberg.com/news/articles/…