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’Some finporn
Forgive our tired cynicism, but how or why is this a ranking of the world’s “richest” hedge funds? (Via Bloomberg Markets)
Top of the pops is Tiger Global, managed by Chase Coleman and Feroz Dewan,
Bloomberg vs Bernanke
How did it come to this?
1. Bloomberg News spent a couple of years trying to extract more information about the bank bail-out loans than the Fed wanted to share.
2. Bloomberg ran this story based on the data it obtained,
Bove vs Bloomberg
Does Rochdale Research’s Richard X. Bove have a slight axe to grind against Bloomberg or something? We ask the question because his latest note has just landed in our inbox. (H/T Tracy Alloway)
It’s an extraordinary rant about this week’s Bloomberg BusinessWeek editorial:
Compare and contrast – Petropavlovsk & Sons edition
Compare and contrast.
Bloomberg October 5, 2010:
Petropavlovsk Plc, Russia’s third- largest gold producer, plans to raise about $300 million by selling shares in its IRC Ltd. iron-ore unit in Hong Kong this month,
Hindenburg sighted… on Bloomberg
Oh, the humanity! Oh, the HIND <GO>! Which function gets you, err, this when you tap it into your nearest Bloomberg terminal, as of Thursday:
Which are, of course, the components of the Hindenburg Omen indicator — allowing you too to watch for signs of a market crash.
Wedding function [GO]
Is this like, the saddest thing EVER?
Now, about that Citi muddle…
Some confusion in the market for C. on Thursday, after this story was published on Bloomberg:
July 15 (Bloomberg) — Citigroup Inc. said it misclassified as much as $9.2 billion of repurchase agreements and $1.9 billion of securities lending transactions as sales during the past three years.
UK graduates <3 Goldman Sachs
Bad press and Jamie ‘Most Dangerous Man in America’ Dimon be damned. The UK’s graduating classes have spoken, and for those who see themselves as heirs to Gekko, Goldman Sachs is their would-be employer of choice.
Boxing bankers, timewarp du jour
In early 2007 Bloomberg published this little story:
Boxing Bankers Pummel Each Other for Fun at London Fight Club
By Julia Werdigier
Jan. 12 (Bloomberg) — David Peters, a Swiss-franc swap broker at Tullett Prebon,
The Lewis PR plan for Goldman
For every one of those rare non-critical – or even neutral – comments in the media about Goldman Sachs, there seem to be at least three or four negative takes, with varying degrees of relevance and/or humour.
Chilled markets
That’s the CBOE Vix – a favourite Wall Street gauge of investor anxiety.
As you can see it’s at the lowest level since May 2008, when a lull after the Bear Stearns rescue gave way to an implosion.
(Not so) deceitful journalism (updated)
Interesting story published earlier on from the New York Times’ Dealbook site on Thursday:
Starting in November 2008, the Federal Reserve Bank of New York under Timothy Geithner began urging American International Group,
Goldman bankers and their (alleged) guns, the sequel
So Goldman bankers are not swapping their Rolex’s for revolvers in preparation for a populist uprising, as reported in a Bloomberg comment piece last week.
Unsurprisingly, the idea of gun-weilding banker boys,
Bloomberg eyes more acquisitions
Bloomberg is planning a further year of aggressive investment and may make more acquisitions as the financial data group seeks to broaden its reach to become the world’s “most influential source of news”,
Bloomberg to buy Business Week
Bloomberg, the financial information company, on Tuesday won the auction for Business Week with an offer between $2m and $5m for the US financial magazine. The deal to buy the journal from McGraw-Hill came as Thomson Reuters,
An unfortunate media/F*&C up
You’d think an institution called The Federal Deposit Insurance Corporation would be inherently incapable of creating emotive outbursts amongst analysts and members of the media.
But you’d be wrong.
Lehman’s $627m tax bill
The NY Times’ DealBook reported on Wednesday that Lehman Brothers stands accused – by none other than the administration of New York mayor Michael Bloomberg – of shortchanging the city to the tune of $627m in corporate and other taxes.
Finance’s best-dressed
Ooh la la.
Vanity Fair has released its 2009 international best-dressed list, its annual compendium of the most style-tastic people on the globe, and it looks like quite a few financial players have made the cut.
The Keystone Press and the latest hoax bid story
There is no $2.2bn bid for Gulf Keystone Petroleum.
Repeat.
There is no $2.2bn bid for Gulf Keystone.
Official press release, Thursday:
The Company notes yesterday’s press speculation and can confirm that the Company,
Bloomerberg.comedy
Where, oh, where do we place the Bloomberg news agency on this “visual thesaurus,” an interactive tool from Thinkmap that allows us to “discover the connections between words in a visually captivating display?” Words like GULLIBLE.
The Fake Sheikh is back in town… (2nd update)
… and we’re not talking the News of the World’s fancy dress enthusiast Mazher Mahmood.
Yesterday afternoon news organisations the world over received a fax (yes, a fax, remember those?) from an organisation called Arabian Peninsula Group announcing a $49.50 bid for US car stereo-maker and Essex boy-racer staple Harman International.
False news shock – Heritage Oil edition
Here’s another example of false news shock – the tendency of erroneous news to move markets even though it has proved to be wrong. It concerns an exploration company called Heritage Oil, which has found a serious amount of oil in Kurdistan.
RTRS-THOMSON REUTERS PLC SAYS EPS $0.40
Get this. A solid set of Q1 figures from Thomson Reuters, released on Thursday early afternoon London time, pushed the shares convincingly above £19.
The stock is now higher than Reuters (pre-merger) traded at the height of the greatest financial markets boom in history – a couple of years back,
Annals of easy targets: Bloomberg goes after technical analysis
Bloomberg is running an interesting article on the ‘failings’ of technical analysis. Here’s an extract.
Stock Charts Fail Forecast Test in Complete S&P Miss
May 4 (Bloomberg) — John Bollinger, inventor of the “Bollinger bands”
Coping with the recession, #1543
From today’s Bloomberg landing page:
Incidentally, we hear terminal installations are down pretty sharply.
________
Bloomberg, no UK AAA, no way
Or at least, not yet.
Bloomberg’s Chart of the Day is running with some startling text.
Jan. 20 (Bloomberg) — The U.K. government may lose its top AAA credit rating after taking a 70 percent stake in Royal Bank of Scotland Group Plc,
Energy forward curves are tricky for Bloomberg
Forward curves in energy often lead to confusion. It’s very tempting to see them as a forecast of price, however, as FT Alphaville and Reuters columnist John Kemp (former Sempra analyst) have argued frequently — it’s not as easy as that.
Fox News does a Bloomberg
Well, we at FT Alphaville never thought we’d see a conservative news organisation going after a Republican-controlled institution, but here it is.
Fox Business Network is pulling a Bloomberg and sueing the US Treasury for info on its use of bailout funds — specifically those relating to AIG and Citi (perhaps they’re viewed as more liberal than other bailout fund-recipients?).
How to handle the truth
Bloomberg’s well-publicised attempt to get the names of those institutions benefiting from the more than $2,000bn of emergency loans from US taxpayers – together with details of the assets the Fed is accepting as collateral – has failed to come up with anything.
Merrill set to sell Bloomberg stake
Merrill Lynch is set to sell its 20% stake in Bloomberg for about $4.5bn but will retain its far more valuable 49% holding in money manager BlackRock. The sale of the Bloomberg stake back to Michael Bloomberg,