logo
episode-header-image
Nov 2023
21m 19s

Inside a hedge fund disaster

Financial Times
About this episode
tail spinning
Up next
Aug 5
The hidden financial world of ancient Rome
Ancient Rome is often depicted as a glamorous empire of power, sophistication and wealth. Yet for most people, the reality of daily life was precarious. Host Robin Wigglesworth talks to Kim Bowes, author of Surviving Rome: The Economic Lives of the Ninety Percent, about how ordin ... Show More
54m 29s
Jul 29
The canal that shaped American finance
The construction of the Erie Canal is one of the most ambitious infrastructure projects in American history. But its most influential legacy is not the waterway itself, it is how it was paid for. Hosts Gillian Tett and Robin Wigglesworth speak with financial historian Richard Syl ... Show More
40m 42s
Jul 22
The trader who made $100mn from the 1929 crash — only to lose it all
Jesse Livermore was a legendary trader who made and lost several fortunes in the early 20th century, most famously by shorting the Wall Street crash of 1929. His early life was immortalised in the roman à clef Reminiscences of a Stock Operator by Edwin Lefèvre, and his trading in ... Show More
54m 52s
Recommended Episodes
Feb 2024
Wall Street fell out of love with equity hedge funds
<p>US law firm Latham &amp; Watkins is cutting off automatic access to its international databases for its Hong Kong-based lawyers, one of the oldest and best-known hedge fund strategies has suffered nearly $150bn in client withdrawals over the past five years, and the price of b ... Show More
11m 27s
May 2025
How a CEO’s Faked Results Led to a $300 Million Wipeout
In late 2018, five years after launching fish-feeding company eFishery, Gibran Huzaifah found himself all out of cash. To save his business, the CEO started plugging fake numbers into financial reports. The brighter picture drew hundreds of millions of investor dollars. But his h ... Show More
16m 39s
Oct 2025
Book thrown at Bonza backers
A year and a half after the abrupt collapse of Bonza, its erstwhile financier, Miami-based investment firm 777 Partners, is under the microscope again – and for all the wrong reasons. Its co-founder and former CFO have both been charged by the FBI over allegations of a jaw-droppi ... Show More
42m 50s
Jul 2024
Big Tech’s Big Stumble
<p>Losses in big tech stocks as investors punish companies over earning reports. The Bank of England may vote to reduce interest rates this week. Fallout after a Hizbollah attack on the Golan Heights.</p><br><p><strong>Mentioned in this podcast:</strong></p><p><a href="https://on ... Show More
10m 47s
Feb 2025
The rise and fall of Long Term Capital Management
There's this cautionary tale, in the finance world, that nearly any trader can tell you. It's about placing too much confidence in math and models. It's the story of Long Term Capital Management.The story begins back in the 90s. A group of math nerds figured out how to use a math ... Show More
27m 36s
May 2022
Investing’s cults of personality
<p>Hedge funds are trying to reposition themselves in the middle of this year’s heavy tech stock sell-off, and the director of the UN’s World Food Programme, David Beasley, explains how the war in Ukraine is causing a global food shortage. Plus, the FT’s Christian Davies tells th ... Show More
8m 58s
Dec 2024
The Deal Room: Investment Banking & Attempted Murder
In this episode, Anthony Cheung and Stephen Barnett discuss the latest news in finance, including Nvidia's cash management and potential M&A strategies, BlackRock's aggressive acquisitions in private markets, ongoing antitrust challenges facing Google, the approval of Vodafone an ... Show More
33m 38s
Feb 2024
Hedge Fund Strategy Warning & Geopolitical Headwinds
 Your morning briefing, the business news you need in just 15 minutes. On today's podcast: (1) As the best hedge fund strategy of 2023 becomes a magnet for mainstream investors, the risk models it relies on are getting a lot tougher to crack. (2) Warren Buffett's Berkshire Hathaw ... Show More
16 m
Nov 2022
TX Empire Goes Bankrupt in Sudden Fall
Bloomberg News Crypto Reporter Olga Kharif discusses Sam Bankman-Fried’s digital-asset empire filing for Chapter 11 bankruptcy. Bloomberg Businessweek Editor Joel Weber and Bloomberg News Technology and Venture Capital Reporter Priya Anand provide the details of Priya's Businessw ... Show More
32m 29s