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 Dinesh Nair Silla Brush Matthew Martin
bloomberg.com/news/articles/… via Bloomberg Markets

A former Morgan Stanley banker who was punished in the DOJ/SEC block-trading probe that rattled Wall Street joined one of the firms that was the recipient of confidential information he leaked reporting with Sridhar Natarajan and Katherine Burton bloomberg.com/news/articles/… via Bloomberg Markets

Billionaire Chris Rokos’s hedge fund soared during the first quarter, profiting from market moves that wrong-footed some of his macro trading peers bloomberg.com/news/articles/… via Bloomberg Wealth

A blank space on today’s WSJ A1 where Evan Gershkovich’s reporting should be, one year after his arrest on patently false charges. Russia should free him now

Free Evan.

Free Evan.

Free Evan.

A journalist who's been a Russian hostage for nearly one year.

freegershkovich.com

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 Max Abelson and Sally Bakewell. Please give it a read.bloomberg.com/news/articles/…

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. bloomberg.com/news/articles/… via Bloomberg Markets

Hedge funds shake up the euro zone's $10 trillion government bond market -- and it's not all good news
Invaluable insights from Reuters Business colleagues on how the lightly-regulated investors are increasingly integral to funding Dhara Ranasinghe
reuters.com/markets/rates-…

On Halloween 2018, a London detective investigating a Chinese takeaway worker stumbled on billions of pounds worth of bitcoin in a Hampstead mansion ft.com/content/0bc35b…

My and Eri Sugiura's long read on an extraordinary tale of crime, crypto and a woman in way over her head

From cash to school: how Abu Dhabi is luring hedge fund giants. No tax, golden visa, a place where rich are welcomed, safety (they can wear their Rolexes without fear of getting mugged). Observations from recent visit to ABD/Dubai. Story with Adveith Nair bloomberg.com/news/articles/…

NEW: Banks’ European bond trading desks were badly burnt in the late 2023 market rally

BNP Paribas took a ~$80m hit, Citi lost >$50m, sources say

Full story 👇

ifre.com/story/4462109/…

Betting on the remains of FTX is lucrative — and complicated. Great story on the murky profits/legal battles playing out in massive crypto bankruptcy via Lucca de Paoli and Emily Nicolle

bloomberg.com/news/articles/…

Millennium, one of the world’s biggest hedge funds, made tens of millions of dollars when Egypt allowed its currency to weaken after a successful bet by one of its senior traders. Story w/Srini Sivabalan via Bloomberg

bloomberg.com/news/articles/…

1/ Even though Rite Aid's bankrupt, its CEO is making $300,000 a month. Its lawyers are making $2,000 an hour. Lenders are making millions. But thousands of opioid victims who have sued the company are expected to get nothing at all. Gift link --> bloomberg.com/news/features/…

The UK government has brought a High Court action to disqualify Lord Cameron’s erstwhile benefactor Lex Greensill as a director

Full story from Cynthia O’Murchú here 👇🏻

ft.com/content/927fb8…

Did you follow the Sequoia brouhaha at Klarna?

Turns out, it was tip of iceberg for *much bigger* drama btwn the startup's cofounders. New story with new deets w/ Aisha S Gani bloomberg.com/news/articles/…