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Apr 29, 2021
04/21
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erik fyrwald, syngenta ceo, thank you very much. this is bloomberg. ♪ >> i do not think the trend for consuming content will end in any level in any form and that is what will happen over a long run, five or seven years. from our perspective we are positioned for that and we think we have some of the best assets in that marketplace to take advantage of. alix: that was endeavor ceo ari emmanuelle. you can watch more of that interview. that company started trading, opening 13% above its ipo price in its trading debut. guy: the market is under little bit of pressure. let's talk about what we got going over the next when he four hours. the last 24 hour has been crazy. we get twitter, we have amazon. in europe, barclays and astrazeneca. looking forward to what they have to say for themselves. alix: tomorrow is my super bowl day. you get exxon and chevron coming out before the bow. -- before the bell. guy and i will be talking to the ceo chevron. also eurozone gdp. coming up, steve rattner will be joining david westin on balance of powe
erik fyrwald, syngenta ceo, thank you very much. this is bloomberg. ♪ >> i do not think the trend for consuming content will end in any level in any form and that is what will happen over a long run, five or seven years. from our perspective we are positioned for that and we think we have some of the best assets in that marketplace to take advantage of. alix: that was endeavor ceo ari emmanuelle. you can watch more of that interview. that company started trading, opening 13% above its...
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Apr 1, 2021
04/21
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the latest on the fallout with erik schatzker. out with erik schatzker. matt: this is "bloomberg markets." details emerging over the fallout from archegos fire sales. joining us is erik schatzker, who has been helping break this story since friday. one of the focus is the market has been the sec, had a call apparently with banks monday. what else do we know about the possibility of new regulation erik:? -- new regulation? erik: i think that is an important place to focus because the initial fallout from archegos was on the stocks and filleting's -- phil lang's portfolio. it spread to the banks that had loaned him money, including mitsubishi. now people are beginning to ask, ok, what is next? what is next is, in all likelihood a regulatory crackdown on a number of practices that have become increasingly apparent as we know more and more about the supernova that was archegos. among them, a family office -- this extends to hedge funds as well -- ability to take large positions in sox without revealing their identity. how did this happen? archegos used swap a
the latest on the fallout with erik schatzker. out with erik schatzker. matt: this is "bloomberg markets." details emerging over the fallout from archegos fire sales. joining us is erik schatzker, who has been helping break this story since friday. one of the focus is the market has been the sec, had a call apparently with banks monday. what else do we know about the possibility of new regulation erik:? -- new regulation? erik: i think that is an important place to focus because the...
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Apr 20, 2021
04/21
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i'm erik schatzker in new york. the spectacular collapse last month of archegos is the exactly -- is exactly the kind of event that captivates people like sandy rattray, chief and desmet officer at man group -- chief investment officer at man group, the $100.5 billion hedge fund . he's even written a book about it, "strategic risk management." good to see you. you have identified a risk in the fallout from the archegos collapse, and it concerns counterparties. the wall street firms largely that investors like man group and others have to deal with. tell me about this risk. sandy: the risk is really that there are less counterparties to deal with today than there were 5, 10, or 15 years ago. that might be as a result of regulations, as a result of competition, but what is clearly happening is, especially for prime brokering services and other clearing services, there are fewer competitors today than there were a few years ago. erik: we already know deutsche bank and others have been pulling back from prime brokerage,
i'm erik schatzker in new york. the spectacular collapse last month of archegos is the exactly -- is exactly the kind of event that captivates people like sandy rattray, chief and desmet officer at man group -- chief investment officer at man group, the $100.5 billion hedge fund . he's even written a book about it, "strategic risk management." good to see you. you have identified a risk in the fallout from the archegos collapse, and it concerns counterparties. the wall street firms...
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Apr 26, 2021
04/21
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erik: so let me ask you this. we now have a very good idea of what president biden is going to do about the climate crisis. he wants to cut u.s. greenhouse gas emissions to half their 2005 level for the end of this decade. is that aggressive enough, or too ambitious? larry: well, there's 127 countries before we announced this that have already announced some form of initiative towards the reduction of greenhouse gases. unless there's changes in behaviors across all society, not just public companies, not just for disclosure of public companies, if there's not enough investments toward bringing down the green premium of these new technologies, this can't happen. using an example, we had solar and wind technology 30 years ago , and it was really expensive. 50, 60 times -- 50%, 60% greater than the cost of coal. 30 years later, wind and solar is cheaper than coal. we don't have 30 years. so to do this is going to require an enormous change in technology. right now, biofuels are 50% higher than hydrocarbons. green hyd
erik: so let me ask you this. we now have a very good idea of what president biden is going to do about the climate crisis. he wants to cut u.s. greenhouse gas emissions to half their 2005 level for the end of this decade. is that aggressive enough, or too ambitious? larry: well, there's 127 countries before we announced this that have already announced some form of initiative towards the reduction of greenhouse gases. unless there's changes in behaviors across all society, not just public...
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Apr 20, 2021
04/21
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erik: yeah, that's true. they put him in handcuffs after the verdict was read and he has been taken to jail. he will be locked up for some time as they move toward sentencing. the maximum sentence versus the guidelines that are given is often different. for murder, the most serious charge, the maximum sentence is 40 years, but the sentencing guidelines are more around 12.5. there will be potentially a big range there. hard to know where the judge might come down on that, whether it could be deemed more serious given that he was a police officer, trained and entrusted to the public. a lot of things to be taken into consideration. shery: george floyd's death galvanized the black lives matter movement. it really put the focus on institutionalized racism. outside the court, what kind of changes could we see in america? erik: it potentially could be far-reaching. that is what a lot of people are looking for here. we have seen a lot of statements responding to the verdict, almost all of them coming from different l
erik: yeah, that's true. they put him in handcuffs after the verdict was read and he has been taken to jail. he will be locked up for some time as they move toward sentencing. the maximum sentence versus the guidelines that are given is often different. for murder, the most serious charge, the maximum sentence is 40 years, but the sentencing guidelines are more around 12.5. there will be potentially a big range there. hard to know where the judge might come down on that, whether it could be...
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Apr 10, 2021
04/21
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. ♪ erik: welcome to bloomberg's "front row." i am erik schatzker. today i'm talking to dawn fitzpatrick, chief investment officer at soros fund management. she oversees money for the legendary soros. soros himself was one of the most feared hedge funders. dawn is determined to rekindle that. dawn: we are prepared to not only double down about triple down on the an
. ♪ erik: welcome to bloomberg's "front row." i am erik schatzker. today i'm talking to dawn fitzpatrick, chief investment officer at soros fund management. she oversees money for the legendary soros. soros himself was one of the most feared hedge funders. dawn is determined to rekindle that. dawn: we are prepared to not only double down about triple down on the an
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Apr 3, 2021
04/21
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erik: i'm erik schatzker and welcome to bloomberg's "front row." today, i'm talking to dawn fitzpatrick, chief investment officer at soros fund management. she oversees $27 billion for the legendary george soros. money he uses to fund his philanthropy. soros himself was among the most feared hedge funders. dawn is determined to rekindle that and to shake her reputation for being conservative. dawn: when there is a dislocation, we are prepared to not just double down, but triple
erik: i'm erik schatzker and welcome to bloomberg's "front row." today, i'm talking to dawn fitzpatrick, chief investment officer at soros fund management. she oversees $27 billion for the legendary george soros. money he uses to fund his philanthropy. soros himself was among the most feared hedge funders. dawn is determined to rekindle that and to shake her reputation for being conservative. dawn: when there is a dislocation, we are prepared to not just double down, but triple
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Apr 17, 2021
04/21
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erik: i am erik schatzker, and welcome to "bloomberg's front row." today i am talking to luke ellis. he runs man group, one of the world's biggest hedge funds managers. his firm once supplied rum to the royal navy. now it is a giant in quantitative investing, using data and algorithms to make money. luke competes with the billionaire titans of the hedge fund business not just for returns, but for talent, too. luke: this should not be about how much money you can make. we are very lucky to work in an industry where you get paid very well. it should be about how much value you can generate for clients, and what is a fair proportion to that that you ge
erik: i am erik schatzker, and welcome to "bloomberg's front row." today i am talking to luke ellis. he runs man group, one of the world's biggest hedge funds managers. his firm once supplied rum to the royal navy. now it is a giant in quantitative investing, using data and algorithms to make money. luke competes with the billionaire titans of the hedge fund business not just for returns, but for talent, too. luke: this should not be about how much money you can make. we are very...
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Apr 13, 2021
04/21
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erik: what you just described may take years. scaling these technologies and the companies behind them is a years long process. how long will your investors have to lock up their capital? >> it is an early-stage fund, so typically you have a timetable of 10 years. we haven't decided what the terms are fully, but we expect the fund to have the life of a normal early-stage fund. it is a question of putting money to work at different stages. there's the early-stage, the growth stages. some will accelerate faster than the others. the important thing is to figure out the ones which are likely to make an impact in the sectors which need these solutions, and to focus on these companies and make sure that we bike the right -- that would back to the right sponsors, join with other investors, and ring more capital through our networks to these companies which are promising, and that hopefully seeing those solutions make their way into the marketplace and be part of a normalized business model. >> if we had green hydrogen today, if we had b
erik: what you just described may take years. scaling these technologies and the companies behind them is a years long process. how long will your investors have to lock up their capital? >> it is an early-stage fund, so typically you have a timetable of 10 years. we haven't decided what the terms are fully, but we expect the fund to have the life of a normal early-stage fund. it is a question of putting money to work at different stages. there's the early-stage, the growth stages. some...
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Apr 8, 2021
04/21
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joining us is erik schatzker who wrote the story. eric, let me first ask about why we did not know this guy. we sort of heard about him in the tiger days and after insider trading, but he basically left with a charlie brown walk and $200 million, then made a fortune before losing it all. eric: simple answer, he formed a family office which is quieter than a hedge fund. when he bet on stocks, he used -- agreements. one of the things that swaps allowed was -- he is effectively using brokers, banks that he deals with, as a front. they gave him leverage. that is we gnash that is why we never saw his name appear in securities filings. we had no idea he was the single largest holder of viacom and another -- a number of others before it exploded and the financial equivalent of a supernova. matt: the interesting about your story is that -- the dichotomy we see in his character. on one hand, he lists family and charity as one of the top things he cares about. you saw max abelson's interview of julian robertson, absolutely love to the guy, on
joining us is erik schatzker who wrote the story. eric, let me first ask about why we did not know this guy. we sort of heard about him in the tiger days and after insider trading, but he basically left with a charlie brown walk and $200 million, then made a fortune before losing it all. eric: simple answer, he formed a family office which is quieter than a hedge fund. when he bet on stocks, he used -- agreements. one of the things that swaps allowed was -- he is effectively using brokers,...
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Apr 12, 2021
04/21
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shery: blackrock ceo speaking exclusively to erik schatzker. a quick check of the latest headlines paired hsbc has reached an agreement with huawei over documents related to the extradition case. the bite -- the bank says it has agreed to absolve legal proceedings in hong kong. the huawei cfo says the documents show she did not mislead lenders into handling transactions with iran that violated u.s. trade sanctions. microsoft has made a massive that on the health care ai technologies. it has confirmed it is buying nuance communications. it is the largest acquisition since 2015. demand for digitization and i.t. from its wall street and retail clients. net income rose 15% to $1.2 billion. sales reached almost explain dollars. we have a big interview coming up. we will be joined by the ceo of a payment player. this is bloomberg. ♪ >> you are watching "daybreak australia." i am vonnie quinn with the first word headlines. the u.s. secretary --beijing is masking true activities at state owned banks. that yellen's report is due thursday although it h
shery: blackrock ceo speaking exclusively to erik schatzker. a quick check of the latest headlines paired hsbc has reached an agreement with huawei over documents related to the extradition case. the bite -- the bank says it has agreed to absolve legal proceedings in hong kong. the huawei cfo says the documents show she did not mislead lenders into handling transactions with iran that violated u.s. trade sanctions. microsoft has made a massive that on the health care ai technologies. it has...
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Apr 13, 2021
04/21
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anna: blackrock ceo and the other ceo speaking exclusively to bloomberg's erik schatzker around early investments in new technology around the green agenda. the sec is cracking down on spacs. they are changing the guidance. the move threatens to disrupt new find -- new filings in a red-hot market. joining us is dani burger. what impact will these changes have? this is an accounting story to watch. dani: usually accounting stories sound like a snooze. warrants are an important part of raising money for spac's. basically what is going to change is usually warrants live on the balance sheets of companies as equities. in certain cases, the sec says they should be a liability which means you need to account for changes in the value of the warrant and if the value changes enough, it means companies have to reinstate their financial statements. you can imagine how much of a headache this would be for accountants and lawyers at the warrants and values are changing and you have to redo all of the work you have already done. that in itself will be problematic for a lot of these facts that go on
anna: blackrock ceo and the other ceo speaking exclusively to bloomberg's erik schatzker around early investments in new technology around the green agenda. the sec is cracking down on spacs. they are changing the guidance. the move threatens to disrupt new find -- new filings in a red-hot market. joining us is dani burger. what impact will these changes have? this is an accounting story to watch. dani: usually accounting stories sound like a snooze. warrants are an important part of raising...
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Apr 9, 2021
04/21
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check out erik schatzker's story in businessweek. we will get the u.s. producer price index for march today as inflation continues to dominate the recovery debate. that is that 1:30 london time. then over to india where one of the world's biggest sports leagues is starting its season, a match between mumbai and then galore. -- bangalore. spring meetings continue ahead of the imf, and the who speak about vaccines for developing countries at 4:00 p.m. london time. coming up, stocks to watch, including chipmakers like asml, after semi conductor giant tfmc reported another quarter of record sales. this is bloomberg. ♪ matt: welcome back to "bloomberg markets: european open." we are eight and its away from the start of cash equity trading, you choose higher in london. let's get the dani burger with your stocks to watch. dani: a third quarter of record sales for tsmc, but that means chip stocks could be in a good position to start the day. look for tsm suppliers to do well, that includes asml. those could see a boost today. at the same time, look out for u.k
check out erik schatzker's story in businessweek. we will get the u.s. producer price index for march today as inflation continues to dominate the recovery debate. that is that 1:30 london time. then over to india where one of the world's biggest sports leagues is starting its season, a match between mumbai and then galore. -- bangalore. spring meetings continue ahead of the imf, and the who speak about vaccines for developing countries at 4:00 p.m. london time. coming up, stocks to watch,...
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Apr 12, 2021
04/21
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shery: larry fink spacing exclusively to -- speaking exclusively to erik schatzker. the brazilian central bank president joins tuesday evening in new york at 6:30 a.m. on wednesday in hong kong. this is bloomberg. ♪ shery: breaking news from moments ago, japan is planning to release more than one million cubic meters of treated radioactive water from its wrapped fukushima -- wrecked fukushima nuclear plant. fishing groups are opposed to the plan. let's get more from our asia government reporter in tokyo, it isabel reynolds. they are running out of storage tanks. >> yes, they are running out of space in which to put this water which now amounts to more than 500 olympic-sized swimming pools of fluid. so it is rain and groundwater that has come into contact with the nuclear plant which was crippled in a tsunami a decade ago. it has been pumped out, treated to remove most of the radioactive contamination, and stored in containers and they are likely to run out of space for these containers next year even as the amount of water will continue to grow as operators try to
shery: larry fink spacing exclusively to -- speaking exclusively to erik schatzker. the brazilian central bank president joins tuesday evening in new york at 6:30 a.m. on wednesday in hong kong. this is bloomberg. ♪ shery: breaking news from moments ago, japan is planning to release more than one million cubic meters of treated radioactive water from its wrapped fukushima -- wrecked fukushima nuclear plant. fishing groups are opposed to the plan. let's get more from our asia government...