Amelia Pollard

This week on Behind the Money, the @financialtimes.com's @pollard.bsky.social & @costasmourselas.bsky.social are talking about the Elliott Management deal that's being fought 'until hell freezes over.' 🔥

▶️ podfollow.com/behind-the-m...

Hedge funds profit as Venezuela’s bonds surge Broad Reach, Winterbrook and Allianz among those making gains as debt jumps in price

"Venezuela is out of the deep freeze and back in play"

@jsphctrl.ft.com @costasmourselas.bsky.social @pollard.bsky.social on some of the winners 👇
www.ft.com/content/9403...

New: Big Tech is spending billions on data centres in the US to train and deploy AI models. But these plans could fail due to a power bottleneck.

w/ @financialtimes.com visual storytelling and energy colleagues.

Full article: ig.ft.com/ai-power/

Very normal scenes at a very normal session of the very normal United States Bankruptcy Court for the Southern District of Texas

More First Brands drama here from the incomparable @pollard.bsky.social and @sindap.bsky.social

www.ft.com/content/7f58...

In the last few days, the First Brands situation has escalated from “suspected” to “alleged” fraud.

Our crack bankruptcy reporters @sindap.bsky.social and @pollard.bsky.social have had you covered.

This week on Behind the Money, my @financialtimes.com colleagues, Akila Quinio and Amelia Pollard (@pollard.bsky.social) explain what they know about the collapse of (and fallout from) subprime auto lender Tricolor Holdings.

🎧: podcasts.apple.com/us/podcast/b...

The Story of DOGE, as Told by Federal Workers WIRED spoke with more than 200 federal workers in dozens of agencies to learn what happened as the Department of Government Efficiency tore through their offices.

NEW

WIRED led the way in reporting on Elon Musk's efforts to dismantle the US government. My colleagues and I spoke to 100s of employees at dozens of agencies to understand what happened.

This is the definitive story of DOGE as told by those who experienced it

www.wired.com/story/oral-h...

The hedge fund billionaire aiming to be king of Queens [FREE TO READ] Steve Cohen already owns the Mets baseball team and now wants to build one of New York’s first casinos. But that has drawn him into local politics

this is a cracking piece on "Uncle Steve" Cohen's lobbying campaign to build one of New York's first casinos in Queens from @pollard.bsky.social on.ft.com/4pdl7Pc

Extract from FT article: The filing said the two companies had been working together since 2019 and had a close enough relationship that CoreWeave chief executive Michael Intrator would join Core Scientific’s board meetings.

entirely normal state of affairs for two independent companies that just happen by coincidence to have similar names

Zohran still taking photos with people at his election night party at 1:30 AM

“My commitment is about delivering a city that is not only affordable to each and every New Yorker, but is one that each and every New Yorker feels proud of living in.”

Donald Trump’s plans for Fannie and Freddie would mean payday for hedge funds Critics warn privatisation of the mortgage giants would enrich Wall St but endanger the housing market

My colleague @pollard.bsky.social and I look at what could be one of the biggest policy decisions of Trump's administration -- and the multibillion-dollar hedge fund windfall among some of his most ardent supporters that hangs in the balance.

www.ft.com/content/d6d6...

Warren Buffett devotees say farewell at poignant Omaha ‘pilgrimage’ Berkshire shareholders witnessed the end of an era at the legendary investor’s annual meeting

Lovely despatch from Omaha from @pollard.bsky.social, capturing the unique slice of Americana that is the Berkshire Hathaway AGM

www.ft.com/content/ee1a...

Warren Buffett devotees say farewell at poignant Omaha ‘pilgrimage’ [FREE TO READ] Berkshire shareholders witnessed the end of an era at the legendary investor’s annual meeting

on.ft.com/3ROIijp Warren Buffett devotees say farewell at poignant Omaha ‘pilgrimage’

Read my snapshot of the regular investors who made the pilgrimage for this year’s historic Berkshire Hathaway meeting (aka festival) in Omaha

Excited to share a new paper accepted to @cogscisociety.bsky.social 2025 on the cognitive representation polysemy and their use in reasoning!

Pre-print here: doi.org/10.31234/osf...

Thread below! (🧵1/9)

Debt defaults and corporate bankruptcies jump during economic downturns, and the new levies go beyond what many experts had forecast. How does that compare with the dotcom bubble of the year 2000? Click to read on our live blog: www.ft.com/content/44ea...

How Trump is exploiting Big Law’s identity crisis Firms like Paul Weiss have hired star lawyers to expand in dealmaking. Fear of losing business has made them less willing to have a fight with the government

I spoke with the @financialtimes.com for this in-depth report

How Trump is Exploiting Big Law’s Identity Crisis

By @pollard.bsky.social James Fontanella-Khan @sindap.bsky.social and Stefania Palma

‘Druckonomics’: Wall St veteran poised to shape the new US economic order [FREE TO READ] Stanley Druckenmiller has spent years quietly running his family office. Now one protégé is Treasury secretary and another is vying for Fed chair

4/ Welcome to “Druckonomics” — how Stanley Druckenmiller could quietly shape the next four years of the U.S. economy.

on.ft.com/4irhBfS

3/ Two people described Druckenmiller’s relationships with Warsh and Bessent as akin to sons. And although he didn’t support Trump on the campaign trail, Druckenmiller now has a direct line to the White House.

2/ We interviewed Treasury Secretary Scott Bessent and a dozen other insiders to put together the untold relationship between Druckenmiller, Bessent and Fed chair favorite Kevin Warsh.

‘Druckonomics’: Wall St veteran poised to shape the new US economic order [FREE TO READ] Stanley Druckenmiller has spent years quietly running his family office. Now one protégé is Treasury secretary and another is vying for Fed chair

Stanley Druckenmiller’s long been a celebrity on Wall Street.

But now, his two closest protégés are in Trump’s inner circle, and Druck’s influence on the world’s biggest economy has spiked practically overnight. W/ the @financialtimes.com’s JFK and Alex Rogers

on.ft.com/4hdc9fy

‘Druckonomics’: Wall St veteran poised to shape the new US economic order Stanley Druckenmiller has spent years quietly running his family office. Now one protégé is Treasury secretary and another is vying for Fed chair

‘Druckonomics’: Wall St veteran poised to shape the new US economic order

https://www.ft.com/content/33ea21f2-e14f-4817-b204-fa2ef9233d6c

The rise and fall of Long Term Capital Management : Planet Money 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 s...

There is a financial cautionary tale that still chills the spine of traders today: Long Term Capital Management. The hedge fund had two Nobel prize winners on their side. How could they fail so spectacularly? We get the inside story from a founding partner.

www.npr.org/2025/02/21/1...

Wall Street nears sale of $3bn of debt tied to Elon Musk’s Twitter buyout Billionaire’s close ties to re-elected US president have piqued investors’ interest

Banks are close to selling $3bn worth of loans backing Elon Musk’s takeover of Twitter, offloading another huge portion of the risk they’re holding. Demand has been so strong, they’ve eliminated a discount they had initially offered, expecting to price the loans at par

www.ft.com/content/653b...

Well, that was fast

And the MTA wonders why the emergency brake is activated so often

He’s back: the Prince of Darkness returns [FREE TO READ] All political careers may end in failure, but the UK’s new ambassador to Washington, Peter Mandelson, isn’t done yet

This profile of the Prince of Darkness by George Parker is spectacular. on.ft.com/42JrbGv

DeepSeek changes rules of AI’s great game [FREE TO READ] Chinese start-up’s breakthrough may be bad news for US tech giants, but could be a windfall for everyone else

“A little-known Chinese hedge fund has thrown a grenade into the world of artificial intelligence with a large language model that, in effect, matches the market leader, Sam Altman’s OpenAI, at a fraction of the cost.” on.ft.com/42A6Cfp

Purdue and Sackler family agree to $7.4bn opioid settlement with US states [FREE TO READ] New deal is $1.4bn higher than previous one struck down by Supreme Court last year

Purdue and the Sacklers have agreed to pay $7.4bn to settle the mountain of lawsuits for their role in the opioid crisis.

What we still don’t know: how the hell the deal is structured (W/ @sindap.bsky.social)

on.ft.com/40rDxAi