On today’s show, we tell the origin story of the Federal Reserve — the most powerful financial institution on the planet.
Michael Gelband’s Exodus Point launched in 2018 with $8.5 billion in assets. Expectations were high that the former Millennium Management executive would be able to take the skills he had learned at Izzy Englander’s hedge fund and replicate its performance, after a decade of running its fixed income business. The fund looks to be proving Read More
The story includes a 70-year-old man with a bad head cold and a bunch of mistresses, a nation that’s deeply ambivalent about a central bank, and a secret meeting on an island with a sketchy name.