Finance

JPMorgan’s Dimon preaches patience — Ex-Coatue MD to launch new fund — Election fallout continues

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Jamie Dimon 2019

Jamie Dimon, Chairman & CEO of JP Morgan Chase & Co, speaks during the Bloomberg Global Business Forum in New York on September 25, 2019. (Photo by Kena Betancur / AFP) (Photo credit should read KENA BETANCUR/AFP via Getty Images)
Kena Betancur/AFP via Getty Images

As George Michael said, sometimes you gotta have faith.

Jamie Dimon, JPMorgan’s CEO, had a similar message to his staff in a memo seen by Rebecca Ungarino. 

In short, Dimon told employees at the bank to “have faith in our electoral and judicial systems.”

Click here to read the entire memo.


A rising star from billionaire Philippe Laffont’s Coatue is starting his own hedge fund

philippe laffont coatue

Philippe Laffont, founder and portfolio manager of Coatue Management, speaks at the Sohn Investment Conference in New York, May 5, 2014. Hedge fund manager Laffont recommended Liberty Global Plc at an investment conference on Monday, saying that fresh demand in broadband services will help boost growth at the company.
Eduardo Munoz/Reuters

Nice scoop from Bradley Saacks about a former managing director at Coatue looking to go out on his own. Read more about the new fund, which has at least $300 million in commitments from investors already. Click here for the full story


In leaked email, Knotel CEO lays out how the troubled office company will rethink office spaces

Knotel cofounders

Knotel cofounders Amol Sarva (left) and Edward Shenderovich (right)
Misha Friedman/Bloomberg/Getty Images

Speaking of emails, Meghan Morris has the scoop from an email sent by Knotel’s CEO about the company cutting its real estate footprint. Get the full rundown on the flex-space company. Click here for the story


Odd lots:

BP, Stricken by Low Oil Prices and High Debt, to Sell London Headquarters (WSJ)

Bankers Reel as Ant IPO Collapse Risks $400 Million Payday (Bloomberg)

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