All language subtitles for Industry.2020.S03E03.WEB.h264-ETHEL+MAX+AMZN.en

Look, as much as I love spending
these calls ducking and weaving

I'm not sure
why I'm getting such a grilling

from the bank
that brought us to market.

Henry, it's Frank Wade,
Pierpoint equity research.

I need to publish
a Buy-Sell recommendation

by the end of the week

and the 8% fall in share price

means the market is finally
waking up to the fundamentals.

But of course, there is...

Lumi is still
the future of the sector.

I... I've been invited to speak

at the global climate conference
this week.

Our panel is going to be
a positive catalyst for the stock.

And it will rally.

Do drop in if you're in Bern.

Don't worry I will be there

but getting back to business...

Why is our in-house analyst
being so confrontational

about a stock that
he's supposed to support?

Have you modeled
in any spike in gas prices?

What would that do
to your suppressed price point?

I've bought more stock

since the lock-up period
ended a few days ago.

You don't get more of a bullish
signal from a CEO than that.

Frank does not sound like
a guy who's publishing a buy.

To be honest, why would he?

The equity story is just
getting worse and worse.

And is it normal for there
to be like 20 analysts

and a thousand investors
on one call like this?

Either it's still a hot story
or they're rubbernecking.

Look, Pierpoint publishing
a research report on Lumi

at the climate conference
could be a disaster.

Adler's on that climate panel
with Henry.

With all the chatter on Lumi

I have no idea how
he intends to fight that fire.

Look at our numbers.

We've had record subscriber growth

that is the key metric
for our business.

Sub growth.
We continue to drive new users...

Do you think you could get
a membership at Koko?

It's not a very hedge-fund
friendly community.

Why did you book me coach?

Short haul. Lower carbon
footprint in the back.

Well, this conference
needs to go well

after that shitty Lumi earnings call.

- How's my diary looking?
- After the Lumi panel

you have a sit down with
the Qatar Investment Authorities

and Carlyle's ESG arm
just got back to me.

So, fully stacked.

Harder to get a res
with me than Carbone.

Cheers.

Anna hates that phrase?

Has Anna broached a contract
renegotiation with you personally?

No, why?

Her lawyer contacted me direct.

She's offering a re-up.
A five-year deal.

As your counsel,
this looks a lot like one of those

Rokos-Howard's
golden handcuff situations.

It's a lot of money.

But if I sign and if I'm bid away

or I decide to breach my contract

Anna lays claim to what

five, ten percent
of my future earnings?

- For what?
- Twenty percent, for five years.

- That feels spiteful.
- I totally agree.

She's also added something
called a "Philosophy" clause.

Come again?

"To protect the philosophy
of the fund"

she wants sign off on any trade
you execute, in any size...

Fucking cunt!

Apologies, that was beneath me.

So, I'm not allowed
to have my own ideas here

but if I leave and have my own ideas

she wants the money I make from them?

Have you got
other offers on the table?

Your current deal has
a pretty iron-clad non-compete.

If you so much as blink
at a competitor

this year's comp becomes
fully at Anna's discretion.

What if I become the competitor?

Well...

you'll leave a lot of money
on the table today.

Or you can roll the dice
on your talent, maybe.

Okay.

Say we're at the negotiation table.

Make it look like we're interested.

What will that buy us?

Maybe a few days.

Thank you, Simon.

FutureDawn has become
a cult of personality.

It's not about the best idea.

It's about pleasing mother.

All she wants to do
is sit on another fucking panel

and act like an omniscient
moral barometer.

I'm not gonna sit here and outperform

while the fund underperforms

and collects passive fees
from investors

for being politically correct.

Well then, maybe...

her offer just simply
expedites your decision.

Would you come with me?

In what capacity?

Jerry Maguire's goldfish?

By your own admission,
you like life behind your screens.

You're not a fundraiser.

I can help you sell the fund.

You use your salesman's voice
to pitch me

as a newfangled equity long-short
with macro overlay.

Sell my ideas.

Yeah, but I back your intellect,
so you back mine.

We test the views together
and we back it.

Okay.

But we don't hand-wring,
or moralize, or equivocate.

You put on the ideas that you think
will make money tomorrow.

That's your mandate.

How far along were
your other conversations?

Were they like a jump-off
for seed capital?

Very embryonic.

How much do we need?

So that banks will take us
seriously enough to cover us

and give us research
and trading lines?

$300 million.

You have Anna's schedule
at COP, right?

Yeah. She's hunting some
serious ESG heavy hitters

like sovereign wealth funds,
asset managers, very deep pockets.

- When are they meeting?
- Tomorrow afternoon.

After her panel.

Why don't we check
if they're morning people?

See if we can get them
to join our cause

and swipe them
from under Anna's nose

before she's hoovered down
that inedible continental breakfast.

These are like flagship ESG vehicles

They're going to
a climate conference.

I bet I can prove returns
trump ideology.

You ready to sell this idea?

What flight are we on?

Fuck yeah.

As you know,
Bill Adler was meant to be

on that Finance
and the Climate Crisis panel

with Lumi and FutureDawn partners.

I want you to go instead.

Adler is taking
some family time in Europe.

Lumi just had
a pretty rocky earnings call.

Well, everyone is pointing fingers

about how this has been mismanaged.

Who are they pointing fingers at?

All anyone's talking about
in the advisory world

is that we may have overvalued Lumi

and now all the other companies
in our ESG pipeline

are wondering
whether we're the right bank

to take them public.

Europa Gaz is up next.

Am I right to be concerned
about our ESG pivot?

Someone of Adler's level
dropping out this soon

after the shit show IPO
is very bad PR

and it is making Europa
even more nervous.

This panel is critical to displaying
an air of competency to our clients.

I need you to sit next
to the CEO of Lumi

and make it seem like the process

was hugely beneficial to all parties.

You want me to oversell it?

Well, that's your job, isn't it?

I assume you're fluent enough
in the Lumi story

to step into the void?

I've got someone in my team
very close to the CEO

- who could brief me.
- Good.

You know when you make partner

they make it seem like
you're at the top of the ladder.

You're actually just
at the bottom of a new one.

No, COP is a conference
for business interests

hiding behind climate.

But there's no scientists there,
I don't understand how...

It doesn't... it has nothing
to do with science.

- Climate change isn't about science?
- I don't wanna be that guy, alright?

But at this point,
the only solution to climate change

is a financial one.

Well, both my bosses and I are going.

Although I think one of them
is more attuned

to the whiff of bullshit
coming off of it.

Yeah, Eric wants me to brief him

for the panel on the flight over.

Everyone seems to think
that Lumi and Pierpoint's panel

at the climate conference

is make or break
for the Lumi share price.

What? What, 'cause I'm not capable?

No.

No, it's... Eric's asked me
to go as well.

He could have told one of us.

How many buzzwords
and pieties can people use

to dress up the hunt for cash?

Yeah, my mate Gus is in Palo Alto

working for a VC
called Decarbonization Ventures.

Alright, alright, I gotta go
and tutor an eight-year-old

with more expensive clothes than me.

Thank God I remembered
to take my Lexapro

otherwise I'd unload a clip
into the little prick.

Digger, let's get the unicorn in.

- Bye, baby.
- Is it that kind of night?

Demi Requísimo
is playing Fabric room 2.

He's going back-to-back
all night long with DJ Tennis.

Don't worry, I'm never
seeing him again after tonight.

- Shame.
- Why?

He has a big uncircumcised hog

which I found
relentlessly distracting

on cold and lonely nights.

- He's the full package.
- I know, package is the...

Sorry, I've gotta take this.

Hi, Denise, how are you?

Hey, I just got a text from
an old silk from our chambers

in confidence,
your dad's boat's back in the UK.

Okay.

How much do you think it's worth?

Valued at 11 million in 2019.

That's great.

I mean, that's great, right?

And actually,
we had the interiors done

at Loro Piana upholstery recently

so it might be worth a premium?

No, no, it's...
it's not yours to sell.

Charles didn't even own it anymore.

He was leasing it
from Hanani Publishing.

And Scotland Yard
are investigating it now

the Mallorcan police are
doing interviews

with everyone on the boat.

What?

Why?

Are the Mallorcan police
gonna speak to me?

I don't know. Look, between us

Hanani Publishing are thinking
about how to make up their losses

on the money your father
embezzled from the company.

We've been through this.

You... you know
I don't have any money.

What about your Pierpoint job?

Thank God you've got that income.

Yeah, I mean,
you don't deserve all this shit.

Speak soon.

Why is Yasmin texting you so late?

We work together.

Do you want me to leave?

Maybe you need someone younger.

Maybe we're in very different
places in our lives.

Oh, my gosh.

Okay.

Oh, god, that is such fucking
typical fuckboy prevarication.

D'you know what? Can I make
something crystal for you, honey?

You are an old man.

I... I don't fuck
like one though, right?

So, this is just Davos
with a fashionable green veil?

Just ESG enough to appease Democrats

and anti-woke enough
not to trigger Republicans.

The highest concentration of
financial heavyweights

in the smallest square footage

looking for investment there

would be like using
sticks of TNT to fish.

We'll use the flight time

so you can bring me up to speed
on Lumi and the sector comms flows.

Fly in. Present a united front.

Poster children
of a new kind of capitalism.

Why are we both here?

Did Henry ask for me specifically?

He did but that doesn't mean
you're not useful to me.

Well, then, can I at least help
brief you on Lumi during the flight?

Absolutely.

Hi.

So, what's the street saying

in terms of brokers'
recommendations on Lumi?

Likely the syndicate banks
will publish

a mixture of buy and hold.

Our analyst Frank's the tastemaker
in the energy sector though

so people are waiting on his view.

When's he publishing?

I heard whispers, the next 48 hours.

But imagine it'll be after.

Our research team know to manage

the rollout of positive catalysts
on the stock.

His note would be more effective

with breathing room after the panel.

And you're confident
it'll be a positive?

I mean, his tone
on the call was a bit hostile.

We did the IPO.
He knows who butters his bread.

You got any scotch?

We have a Macallan 18.

Left turn two zero five degrees
to ASLAP.

You know what?

We can drink
when we've brought it home.

Three thousand feet. Any questions?

Focus.

I will take the safety inspection

and before start checklist
to the line.

Mr. Tao!

Hey.

The willing sub.

Oh, look, between us

I'm really glad
you're replacing Bill.

I had a preview of
his planned panel remarks

and they were, well,
they were reading a tad sterile.

Maybe we could folk it up a bit.

Make people really feel something?

Sell the way we feel about it.

Exactly, yeah.

Well, guys, this is actually
a tad awkward.

We've got our other cabin
for our bankers.

Yeah I... I don't wanna be
that person, but...

You know, in the unlikely
event of a... a crash landing

you'll all be safer in the back.

It's... through here.

Got a couple of friends
joining for the ride.

Yasmin... why don't you
hang up top with us?

Someone told me you used to work
in Private Wealth at Pierpoint.

I could... I could use a steer.

Absolutely.

Super.

Caedi, you don't mind bunking

with the gentlemen from Pierpoint,
do you?

- Not at all.
- Great, great.

Oh, fab. Well, guys...

it's great to have you aboard.

- Hey, beautiful, how's it going?
- Lindt, you fucking tosser.

- Hello. Who's this?
- How's it going?

She has a million Instagram followers

and calls Diplo "Wesley",
that's all you need to know.

- Gladly.
- Pleasure.

Henry has a taste
for shiny new things.

- Excited?
- Very much so.

My godfather Otto
is hosting a drinks mixer tonight.

Would love for you to come.

Hey, where do I recognize you from?

You got that... that look...

I don't know.

Porn?

Nah, I never watch it.

Unless it's directed by women.

My family's in the chocolate business

but... I'm an investor.

And a producer.

I'm an investment banker.

I work at Pierpoint.

I thought you were just dating Henry.

I've got cramp in my jaw
from pretending to smile.

They're not going to beat us.

Everybody does.
That's sorta my problem.

Hey, isn't that Frank Wade,
our energy analyst?

Hope his mood has improved
since that Lumi earnings call.

Frankie!

When are you publishing
your buy note on Lumi?

Welcome, Mr. Tao.

- May I have your passport?
- Of course.

Are we expecting
a fresh dump overnight?

Unfortunately, we are having
an unnaturally warm winter.

I have you
in a mountain-facing deluxe.

May I have the passport
for your guest, please?

Excuse me?

No... we're not together.

It's Robert Spearing.

Very sorry, sir.

There is no record of
a booking under that name.

Ah, fuck. The desk assistant
must have fucked up.

I'd usually be able
to accommodate you

but this weekend
is a special circumstance.

Look, I'm a bit of a VIP.

I'm on a panel.

What country are you
a delegate of, sir?

What? Papua New Guinea.

Okay, well,
everyone's on some form of panel.

Can you make my room up to be a twin?

Sir, I am very sorry.

There is nothing we can do.

This is Room 300
and it's first exit up the stairs.

Thank you.

Thank you.

Sorry.

Eight thousand francs
on my personal card.

And it looks like something
Trump vomited up in the '80s.

Oh, well, at least we can use it
to take meetings.

If Anna reaches out to you
about my diary while I'm here

just tell her I had to stay
in London, okay?

She won't be suspicious
after the contract?

Say I'm with my son.

She'll understand.

Tell her I'll be there
in time for her panel.

Buys us the morning.

Right, I'll tell her
I'm working from home.

Weird timing.
Anna's just sanctioned me

to spend 800 quid

on a pair of Aimé Leon Dore
New Balance's

for her daughter's birthday.

What a considerate mother.

Are you good tonight?

I said that I would go
meet a friend briefly at a party.

Okay.

Just remember, we have an 8.00am.

Any sign of Frank?

Just a bunch of suits
cosplaying environmentalists.

Eric?

Hi.

Are you guys heading to Condé Nast?

Need my beauty sleep pre the panel.

Did you see Morgan Stanley
published on Lumi?

Very noisy sell recommendation.

Who cares about Morgan Stanley?

Then why is the stock down
5% after market?

I mean, I'm slightly worried

about sharing the panel
with Henry tomorrow.

We're gonna look like goons

if we trumpet
the future of an equity story

that's getting pummeled.

A few of my more skittish investors

want me to fully unlever
the fund's position in Lumi.

- Okay, well...
- Anna, please, can we get

to Condé Nast?
I need to get eyes on Leo.

Ah, Olaf. Eric Tao
and Robert Spearing

sales at Pierpoint.

Gentlemen, this is Olaf Heindorf.
CFO of Europa Gaz.

It's a pleasure to meet you.

We're honored
to be taking you public.

Let's hope your investment
bankers' attitude to due diligence

has sharpened since the Lumi deal.

Can I expect you
at our panel tomorrow?

Front and center.

I'd like to leave impressed.

Don't disappoint me, Mr. Tao.

(Foreign language)

Hi, Frank.

Look, I know this is not
the most appropriate time

to introduce myself. I'm Robert.

- Spearing.
- Yeah, I know who you are.

We have a WhatsApp

where we share the directory photos

of all the hottest and straightest
Pierpoint employees.

What an honor.

Look, I'm gonna cut the crap.

You know the whole world's waiting
on your note with bated breath.

Yeah, I think you overrate
how much people like research.

You're not gonna
publish a sell on Lumi

during the conference, are you?

Is Eric nervous
for the panel tomorrow?

Should he be?

I'm gonna do what I always do

the thing that is ethical
and intellectually correct.

Plus, it would really hurt my comp

if I published a sell
recommendation now

and it's a compliance issue.

And I really love me
some... compliance.

My initial impression
of this climate conference

is that it's like Cannes

except the attendees
are richer, uglier

and somehow more insecure
than movie people.

Otto, darling.

Aurore!

Hello.

Sorry, was held up.

Macron and his business minister
were chewing the Chancellor's ear off

about strike action
and minimum service levels

and blah...

The PM was daft to let
the Chancellor take his place.

That's hardly leadership
on the world stage.

Your readers would never forgive him

if he looked like he was serious
about the climate catastrophe.

Every meeting I've had, Henry

is about the impending spike
in natural gas prices.

Are you going to be passing
the cost onto consumers?

Because a lot of my constituents
signed up to Lumi's service.

Does everything have to be
immediately political?

If there's more than one person
in the room, Henry, it's political.

- Otto...
- It is.

- Hello, darling, lovely to see you.
- Aurore!

Have you got a drink?

- No, I'm gasping.
- This direction.

Are you avoiding me?

No.

No.

I actually wanted to ask you

if your family office have
any sales and trading coverage.

You're alluring, very elusive.

Not intentionally.

You're at the Grand, right?

Yeah, my family owns it.

I'm DJ-ing the basement tomorrow.

Those statements are unrelated.

But you should...
you should come with

and we can discuss
whatever you wanna discuss there.

Maybe someday.

- Yeah.
- Yeah.

You know, I...

I've dabbled in
some amateur mentalism

and I like to think that
I'm a pretty good reader of people

and I sort of get the feeling
that you are really, very sad.

Look, I'm... not interested, okay?

I gathered you'd open your legs
for a bottle of 1942.

Given your situation.

We need to spend
as little time in here as possible.

You were right
about Frank by the way.

He's a company man.

I told you.

Shame about the snow.

So, what's the story
with you and Yas?

Are you together,
or with benefits, or what?

We're flatmates.

- Colleagues.
- C'mon.

"The maximum amount of money

doing the maximum amount of good."

Can you smell
the bullshit coming off that?

Sounds about the right tone for here.

- Oh, excuse me for two minutes.
- Yes, of course, no...

I'll be back.

Oh, my god, I am so glad you're here.

Thank you for coming.

- Yeah, of course.
- I'm so fucking alone.

Do you think
you could intro me to Otto?

Can it wait?

My colleague Petra set some investor
intro meets for us tomorrow

but I just... I... I feel like
he might be more our tempo.

- Okay.
- Thank you. Thank you.

- Otto.
- Yes.

- This is Harper.
- Stern. Harper Stern.

Oh, great. Who invited you?

Why do you assume
I'm not influential enough

to make the list?

Because you're a diminutive woman?

Well, the... the climate crisis
would be resolved

if women were in charge, right?

I prefer the kind of feminism
where women can be cunts.

- Harper works at...
- I used to be a trader at Pierpoint.

We met on that shoot
with Jesse Bloom.

Or can we no longer say
his name out loud?

I'm a trader now. A PM.

I'm pitching a new fund.

ESG?

No.

Well, I would choose
your audience carefully.

You wouldn't believe how strong
an opiate politics is.

Even convinces some people

that they're happy losing money.

Aurore.

Hey. So, is... is your dad
really on the run

or did... did you kill him,
or something?

What?

Mate, what the fuck?

- Oh, my god.
- Xander, you do realize

that Charles Hanani was...

Yas...

Were you, like, gossiping
with him about me?

I'm sorry, he's such a fucking...

Yeah, I'm not gonna use that word,
it's not very PC.

No... wait...

I didn't say anything.

I might have told him your name.

And, you know, sorry,
I shouldn't have done that.

- But...
- Can I go?

Like in a professional capacity?
Can I leave now?

I'm not keeping you here.

You were never here
in a professional capacity.

Yes, I was!

Yes, I fucking was.

Excuse me.

Just wait for me.

- Is it bad that I miss him?
- Yas.

But I just don't understand.

I don't understand
how I can miss him, if I hated him.

Maybe I didn't,
maybe I never hated him

because otherwise
why do I feel like this?

Why do I feel like this when he's...

he's...

- Please...
- Fucking whore!

At least you had the privilege
of having a father

to fuck you up in the first place.

I'm sorry.
Not helpful at all. I'm sorry.

Look, you need to be strong, okay?

And it will pass,
I know that much, it will pass.

This doesn't pass.

Of course, it fucking does.

You're right.

Oh, you're right, you're right.

Hey, Nikki Beach.

Hey, come here.

We're an event-driven equity
long-short, with macro-overlay.

I'm a seasoned stock-picker

and Harper here is a talented
macro-trend analyzer.

We represent the Church
Commissioners for England Fund.

We manage
the Church of England's money.

So you were at FutureDawn, right?

You were across
their Lumi investment?

Yeah, I think the stock will
eventually prove to be what it is.

A disease-riddled dog.

I did engineering at MIT.

I did two years at CERN,
not far from here, actually.

You know, there are a lot
of ESG funds here

looking to raise money.

Where do you see
your edge in the space?

We intend to be
a little less philosophically...

- Dogmatic.
- Dogmatic?

That word seems
to be doing a lot of work.

Sorry, is your boss
going to be joining us?

To be honest, I'm here as a courtesy

and I think it's important

that juniors start to build
their own little networks.

- Well, good for you.
- Yeah, that's very... yeah.

This is an invitation
to make serious money.

Let's get Jesus out of those sandals
and into some Jordan's.

You'll get proper returns

dressed in whatever politics
you want.

I bet you've seen
a baby-faced kid with an iPad

transcribing stuff for her boss

who can't be bothered to show.

Couple of McKinsey types

fiercely trying
to out-outrage each other.

Textbook.

People are gonna dance around it

but if they're gonna invest,
one word...

Outperformance...

People are playing politics.

They'll be less inclined to
if you can prove supernormal returns.

The actual physical track record

is a due diligence rubber stamp
down the line

once we've got interest.

That's the only way you get interest.

There's too much competition.

Thanks for...

deeze nuts!

How hard is it to get a track?

I don't keep it on my desktop.

Elevating a request for it internally
would have raised a red flag.

Why can't you just like
take pictures of it

off your compliance person's screen?

I don't think that's legal.

- He can talk about Lumi...
- Fuck me!

Fuck! What are you doing?
What the fuck?

We go here.

Yeah, he'll... he'll bring in
the question

but I mean, in terms of structure,
you should probably...

Fuck.

That was Eric and Anna.

I just, like, thought they shouldn't
see us together, right?

Sorry for pushing you.

I'm a little further
along in life than you...

Maybe it's not wise for me
to start again, again.

Fuck.

I'm going to Anna's panel

maybe we should just
go back to London

and forget this ever happened.

Honestly, I'm getting
really sick and tired

of raggedy-ass bitches
who take Spirit flights

and forget to change
her tampons accusing me of...

Harper, hi.

What are you up to?

You know, important Pierpoint stuff.

I'm in a bit of a jam.

What's going on?

Are you and Petra
working on something?

Petra's going out on her own
and I have an opportunity to follow.

I fucking knew it.

She's having second thoughts

and I need to push her over the edge.

We're trying to raise funds
and we don't have a physical track

of Petra's returns.

When you covered Anna

did you keep a record of
her physical track?

No.

But Pierpoint Asset Management
invest in FutureDawn.

So someone in PAM will have access

to FutureDawn's traders' performance.

That checks out.

I think our...
our grad, Sweetpea Golightly

did a rotation in PAM.

So she'll know a junior
in that division.

Great, yeah...

could they get Petra Koenig's track

as innocently as possible,
screenshots?

Okay, I'll lean on them
and make it happen.

But... if I... if I do this

I want your fund's commission
next to my name.

Bitch.

You know I always wanted you
to work for me.

Shut that fucking mouth right now,
you slimy-ass ho!

Eric, tell us a little bit
about Henry and Lumi's journey.

You know, when Henry
first came into Pierpoint

I know my colleagues were
so impressed with his vision.

Here was a young man

who wanted root and
branch change in an industry

wean people off their dependency
on fossil fuels

while also bringing the man
on main street's bills down.

It was a bespoke local execution

of a global vision.

There was a, you know,
a real sense of kismet.

I remember that
rainy Tuesday very fondly.

It felt like the beginning
of a revolution.

Now, I was sick to death

of these corporate elites
preying on the little guy.

- So, that kind of became...
- What the fuck?

- What?
- Frank's just published a hold.

I... I wanted to break

- Fuck me.
- the monopolistic

stranglehold that the...

of the cartel that
the energy majors were running.

As we roar into the '20s

Pierpoint and Lumi share
the same ethos.

We wanna see
the maximum amount of money

doing the maximum amount of good.

It's a credo I know progressive funds
like Anna's share too.

What do you think of the UK
government's commitment to net zero?

Whilst some say it's a luxury
that it can't afford

with an impending energy crisis.

It's... it's not a luxury.
It's a necessity.

You know, we work very closely
with the UK government.

The Energy Secretary Aurore Adekunle

has been a huge champion of ours.

Well, we have a roving mic
in the crowd.

So, I would like to throw the floor

to our audience for some Q&A.

- Yes.
- Hi, panel.

Nate Waghorn, MarketWatch.

The growing number
of Lumi sell recommendations

published from banks
that didn't do its IPO.

The rally in natural gas,
is this a panel or a funeral?

This isn't the WEF.

We're here to talk
about the climate catastrophe.

Do any of us look like
we're at a funeral?

Okay, another question.

Let's see.

Yes, lady in the back.

Hi, Harper Stern.
I'm a macro trader and a junior PM.

Petra Koenig and I have come
to COP to launch a new fund

spinning out of FutureDawn.

My question is

why is Pierpoint
holding this ideas festival

in the shadow
of a climate conference?

We have a green energy CEO

a senior PM of a green-leaning fund

and a random salesman
from an American investment bank?

Is this just
the media financial complex

patting itself on the back?

And surely, your sales patter
must be moot

given Frank Wade at Pierpoint

has now published a hold on Lumi...

given you are the lead underwriter

is tantamount to a sell.

I guess the gentleman
who said funeral didn't misspeak.

Fucking thing's down 15%.

We are a financial institution
trying to do good.

Whether we like it or not,
every debate is linked.

It starts and ends with capital.

And that's... Yes, thank you...
thank you very...

That is all the time
we have for today.

Thank you kindly
to the team from Lumi.

We've thoroughly enjoyed
having you here on today's panel.

Thank you for your candid responses
to those questions.

Ladies and gentlemen,
the team from Lumi.

You got a marketing deck
for your fund?

It's refreshing
to hear a dissenting voice

that sounds like the one in my head.

We are working on it.

The fund have a name?

That would be a good place to start.

What the fuck is wrong with you?

In what way was that professional?

What were you gonna do?

Sit in that fund and make a salary
by passively accruing fees?

You are an intellect.
You deserve autonomy!

Do you need a fucking dictionary?

You literally just tried
to make that decision for me.

I'm going back to London.
This was a huge fucking mistake.

Serves me right
for getting involved with a child.

I'll get it.

Fortune, good night,
smile once more, turn thy wheel.

All of the companies
parading around here

are only really interested

in their bottom-line exposure
as the world heats up.

It's people really
just convincing themselves

that what's good
for their bottom line

is also good for the human condition.

I'm not saying BlackRock
doesn't want to affect change

when it uses its proxy votes

to push whatever
political agenda it has

but in the cold light of day

I'd wager its investors
don't give a fuck about activism

or they're deluded enough

to think it's gonna earn them
an actual return.

- Very well put.
- I'm not a climate denier.

I find that whole crowd
rather Neanderthal.

But if Venice ends up
on the seabed in 2075, who cares?

It's a shit hole in summer

and I don't intend
to be around to see it sink.

Right, let's get down to brass tacks.

We'd like to see your returns, Petra.

Well, that's not technically
possible right now, but...

It is. They are on your email.

Peter, maybe Petra could take you
through her last five years.

See if her numbers and strategies
live up to the billing.

Petra, show him.

Show him.

Right.

Good.

After we spoke last night

I called a mutual friend of ours

currently residing
in FCC Butner, North Carolina.

How is Jesse?

He's working on his putting.

Butner is at the cushier end
of federal correctional facilities.

Minor charges, God,
it's like Al Capone.

He's lucky.

What did he say about me?

Oh, it's as I inferred.

War of all against all.

You're a troublemaker.

Peter was a troublemaker also.

You're one of us.

You're one of the bandits.

- Sláinte.
- Cheers.

I...

I'm sorry the panel got a bit testy.

You have no idea

how in-your-bones exhausting
it is pretending nothing's wrong.

Lumi stock's down another
20% after Pierpoint's note.

That's still many millions of dollars

if you sell your shares now.

Before it goes to zero.

Come on.

Why else would
the lock-up period be so short?

D'you really think you see me?

Is that your skill?

You know...

I didn't buy into the image
the media portrayed of you.

I'd ask you to extend me
the same courtesy.

Petra's trading book
is only 20% of FutureDawn

but it makes up over 50%

of the fund's final performance
over the last five years.

Yes, I like the idea of a punt
on a sharp-elbowed start-up.

Give you some rope,
small seed investment.

Godfather you.

I can market you as a story.

The moment I anoint you

opens the doors
to other people's money.

Two women who flew
into a climate conference

and left with a sin stock fund.

Oh, there's a lot
of contradictions there.

Right, I love it.

Look at you both! What a picture!

You have such a progressive look!

New look. Same great taste.

Gold. Come on.

My dad...

Reggie...

one weekend

he stood up from the Sunday
lunch table without a word.

They found him two days later.

He'd walked out onto the moor

and blown his head off.

I didn't believe he could have
done that to himself.

When I started
having similar thoughts

in my last year of school

they called it "suicidal ideation".

I'd finally made peace with the fact
he'd ended his own life.

The only way I could
get rid of those... thoughts

was by building something of my own.

And I would do anything...

anything...

to avoid feeling that kind of
helplessness again.

I'm so sorry.

This is the worst I've felt
since he died.

I hope...

you find peace faster than I did.

It's...

It's very selfish of me
arranging for you to come.

But I figured we might get
a minute alone like this, and...

Fuck it.

Anything would be worth that.

Okay, big come on.

What do you actually want me
to do with that?

I...

I haven't had sex in five months.

And you're still alive?

- Celeste, hi.
- Hi, Henry.

That panel feels like
the end of the road, I'm afraid.

The market killed us.

I'd like to unwind
my personal stake in the company

and crystallize the profit now.

No, no. I... I know, yeah.

If my market order's
worked on the open

how much will I get out?

Okay.

Can you email me

once that transfer
has hit my account?

Most companies fail.

Most companies fail.

Most companies... fail.

Hi, Eric, it's Wilhelmina.

Olaf just called

Europa Gaz wanna push
the IPO citing macro conditions.

So, it's a soft firing?

I can't believe
that we're so fucking siloed

that Frank was allowed
to go rogue and publish like that.

It's not good.

We need to be more joined up.

Is this a bellwether?

Are the other IPOs
in the pipeline secure

or are they gonna get cold feet?

Look, I don't wanna wall cross you.

This is more of
an executive conversation.

Above your level.

What happened at the panel
was out of my control.

Bill wouldn't have
handled it any better.

God damn it!

Can you lose Rumpelstiltskin here?

Look at this old fuck.

Baby, he can hear you.

You think?

Heard he got cooked by
some girl on stage.

I'm really sorry about him.

He's being a fucking asshole.

I'm Suzie.

Robert.

Robert Spearing.

Nice to meet you.

Why did you publish during the panel?

Because there was an avalanche
of competitors publishing

and I didn't wanna be last.

You were very bullish

when the bank
were fishing for Lumi investors...

And the macro environment
and the outlook changed.

And I didn't,
by the way, publish a sell.

But what would it have looked like,
if I'd published a buy

after Pierpoint got called out
like that at the panel?

You do know that a hold

is effectively a sell signal
to the market

given that you work for us.

Not where compliance is concerned.

Look, I may work for an institution

but I'm not... institutionalized.

Well, the least you could do
is buy me a drink?

Yeah?

Eric, it's Yas, we have a meeting.

What the fuck?

Fuck me.

Coming!

- Hi.
- Hi.

I emailed you, I've set up an
introductory meeting with a new fund.

Okay. I'll... I'll be right down.

Okay.

Hi.

Hey.

Robert, you're a lot of fun.

Can you get your things together?

Two thousand, right?

No, it was 10,000 for overnight.

And then an extra thousand
'cause you wanted to kiss me.

And then an extra 8,000
'cause, you know...

anal.

We can just call it twenty grand.

How was it?

I... Do I fuck like a young man?

You fuck like a young man...

who has a lot of money.

I can give you my Coinbase details.

Do you mind staying here

and I'll... I'll be right back,
and I'll pay you?

Okay, wait, what? No!
What the fuck, dude?

Where did you sleep?

The room seemed pretty...

loud so I absented myself.

Thanks. Sorry, I...

wasn't really thinking.

This is between us, right?

Oh, hey, thank you
for a fantastic evening.

Robert Spearing, everyone!

Eric, our nine o'clock.

What... what is this about?

I'm just doing my job, okay?

We want Pierpoint to be our broker.

We have an assets
under management threshold

for clients we take on.

And what is that threshold?

$300 million, give or take.

Otto Mostyn's anchor investment
in our fund is $200 million

and his commitment has opened
the door to more investment.

Look, this is
in all of our interests, right?

We give you a commission.
You service us.

Please have a seat.

Look, we're doing you a favor.

You're landing the buzziest fund
out of this investment summit.

And what will your bosses think
if we went to GS, MS

when Pierpoint was
our first breakfast of the day?

Do you know
who you're dealing with here?

It's a bit rude to talk
about her like that in front of her.

- What do you want?
- The practical things

a fund expects from its broker

trading color, fairish spreads,
timely research, corporate access.

Well, obviously, Pierpoint
is first-class in all of those areas.

And my existing relationship
with Harper

means that I can offer you
a bespoke service.

And I expect you to answer
the phone every time I dial.

First-class service.

And eye contact.

Eric.

Look at me.

Your face is shimmering.

You have glitter all over your face.

Just had a prelim-call
with Otto's office

and their accounts
are gonna send through some...

You know what partnership
means, right?

Yes, no unilateral decisions.

You don't need to feel insecure
about not being a people person.

You just hadn't found
your people yet.

So, what are we gonna call
this new venture?

I kinda like Leviathan.

Merci.

I'm starting to think that things

would've worked out
exactly the same without us.

I can't believe
there wasn't any snow.