Bloomberg Daybreak: Europe Edition

DeSantis Drops Out, Broker Upheaval & Bumper Hedge Fund Profits

Jan 22, 2024

Ron DeSantis drops out of US presidential race and endorses Donald Trump. Hedge funds led by billionaires Chris Hohn and Ken Griffin had an exceptional year with combined gains worth $218 billion. Storm Isha causes diversions and disruptions for flights to the UK and Ireland. Germans protest against far-right extremism and the anti-immigrant AfD party. London's landscape of corporate brokers is facing upheaval and new advisers are sought.

16:02

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Episode guests

Ron DeSantis

Chris Hohn

Ken Griffin

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Episode notes

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Quick takeaways

Rhonda Santis drops out of US presidential race and endorses Donald Trump, narrowing the Republican field to two candidates.

Listed firms in London are seeking new advisers due to concerns over the viability of corporate brokers, resulting in consolidation and calls for a cultural change in the industry.

Deep dives

Cybersecurity for Small Businesses

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Introduction

2min

DeSantis' Surprising Exit and Nikki Haley's Criticism of Trump

11min

The Role and Importance of Corporate Brokers in London Stock Exchange

3min

Reshaping of Corporate-Broker World and Consolidation Amid Downturn

1min

Cultural Change in the UK Equities Industry and the Need for Corporate Pension Awareness

2min

Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:
(1) Ron DeSantis dropped out of the 2024 US presidential race on Sunday and endorsed front runner Donald Trump, narrowing the Republican field to two major candidates ahead of the closely watched New Hampshire primary on Tuesday.

(2) Billionaire money managers Chris Hohn and Ken Griffin led hedge funds to deliver one of the best years for clients in 2023. The industry produced combined gains worth $218 billion after fees, according to estimates by LCH Investments, a fund of hedge funds. Hohn's TCI Fund Management made $12.9 billion to top LCH's rankings, followed by Citadel, which made $8.1 billion.

(3) Travellers flying to the UK and Ireland are being forced into lengthy diversions and even to different countries as storm Isha throws planes off course.

(4) Hundreds of thousands of Germans flooded the streets over the weekend, including in front of the national parliament, to protest against far-right extremism and the rise of the anti-immigrant AfD party.

(5) A wave of mergers is sweeping through the City of London's landscape of corporate brokers -- the key advisers every listed firm is required to have. With the viability of many brokers in doubt, companies are now increasingly looking for new advisers.

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Bloomberg Daybreak: Europe Edition

DeSantis Drops Out, Broker Upheaval & Bumper Hedge Fund Profits

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

Deep dives

Cybersecurity for Small Businesses

US Presidential Race Update

Concerns over London's Listed Firms

Remember Everything You Learn from Podcasts