Bloomberg L.P.

OVERVIEW

Bloomberg L.P. was founded by Michael Bloomberg in 1981, with the help of Thomas Secunda, Duncan MacMillan, Charles Zegar, and in 1984, an ownership investment by Merrill Lynch.

Prior to founding Bloomberg L.P., Michael Bloomberg had attained partner status at Salomon Brothers investment Bank. He was left without a job when Salomon was acquired by another organisation, and received a $10 million buyout. He used this payment to develop and eventually build his own computerised system that provided financial calculation, real-time market data and other analytics to Wall Street firms.

The Market Master terminal, later referred to as the Bloomberg Terminal (its current core revenue-generating product), was released to the market in December 1982. The subsequent success of the company stems from this original idea, and is a microcosm of the position it holds in the business landscape today.

Bloomberg L.P. provides analytics and equity trading platforms, data services, news, and other financial software tools and applications to financial companies and organisations through the Bloomberg Terminal. Other services include a wire service (Bloomberg News), a global television network (Bloomberg Television), radio stations (Bloomberg Radio), websites, subscription-only newsletters, and magazines.

Bloomberg L.P also possesses a range of industry products that provide guidance, suggest areas of business growth, and assist businesses with compliance through:

Bloomberg Law
Bloomberg Tax & Accounting
Bloomberg Government
Bloomberg New Energy Finance

Headquartered in New York, Bloomberg L.P. maintains offices in 167 locations around the world, including Bloomberg London (its European headquarters). Bloomberg L.P. also acknowledges an advancement towards equality in modern society, and from recruitment processes to company policies, they are implementing systems to promote and maintain equality.

MISSION STATEMENT

Purpose:

To change the world for the better.

FUNDING SOURCES

Bloomberg L.P. generates revenue from subscriptions and fees associated with Bloomberg Terminal. Revenue is also earned from a variety of other services, including Bloomberg News and Bloomberg Business, focused on venture capital, brokerage, and more.

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ORGANISATION TYPE

Commercial Organisations

YEAR ESTABLISHED

1981

LOCATION

Asia-Pacific, Europe (EU), Middle East, United States

KEY PEOPLE

Board

Leadership

RECENTLY PUBLISHED BY BLOOMBERG L.P.

When the bee stings: Counting the cost of nature-related risks

Bloomberg L.P.

9 December 2023

In collaboration with the TNFD, and aligned with its newly released recommendations, BloombergNEF has examined 10 instances of companies suffering material financial losses, the threat of such losses and share price pressure from poorly handled interactions with nature. The case studies demonstrate the financial importance of a business understanding and managing its impacts and dependencies on the natural world.

Sustainable signals: Growth and opportunity in asset management

Morgan Stanley - Bloomberg L.P.

19 February 2019

Morgan Stanley Institute for Sustainable Investing and Bloomberg L.P. report highlights how sustainable investing has transformed from a given fiduciary duty into a strategic business imperative in the financial markets. Asset managers in the U.S. perceive this shifting investment landscape as a new opportunity to create increasingly competitive returns and more productive portfolios in the coming years.