Hedge funds

Steve Johnson

News that hedge fund managers are increasingly spreading their tentacles into the rigidly regulated world of the Ucits III fund throws up an interesting dilemma for industry participants, or at least those of a male persuasion.

The whacky free-wheeling mavericks of the hedge fund world have traditionally cocked a snook at the dusty old establishment by swanning about the streets of Mayfair and Stamford, Connecticut unashamedly tieless.

Such reckless informality remains near blasphemous in the buttoned-up world of traditional asset management. So how will reformed hedgies react to this thorny sartorial dilemma?

A recent visit to a hedge fund house in the midst of embracing the elixir of life that is Ucits offered a glimpse into the future.

One of your correspondent’s hosts was resplendent in a bright shiny necktie, while his colleague remained brazenly open-necked. But hedgies are nothing if not resourceful. On being challenged as to his dress standards, our tieless friend promptly unfurled a waiting tie from his inside jacket pocket with the flourish of a stage magician, declaring “I’m hedged”.

It’s good to know that at least one industry looks set to thrive amid the economic doom and gloom. It’s time to go long the tie retailers and short the purveyors of chinos.

About the blog

FTfm is no longer updated but it remains open as an archive.

FTfm's specialist writing team offer their insights into the global fund management industry.

About the authors

Pauline Skypala has been editor of FTfm for four years having previously been deputy personal finance editor. She joined the FT in 1999 and has been writing on savings and investment issues throughout her career.

Steve Johnson, FTfm deputy editor, has been a journalist for 17 years, 10 of which have been with the FT.


Sophia Grene, reporter on FTfm, has been a financial journalist in print and online for 12 years.

Ruth Sullivan has worked as a financial/business journalist and foreign correspondent and for the past 10 years has been at the FT.

FTfm blog: a guide

Comment: To comment, please register with FT.com. Register for free here. Please also see our comments policy here.
Contact: You can reach us using this email format: firstname.surname@ft.com
Time: UK time is shown on our posts.
Follow us: Links to our Twitter and RSS feeds are at the top of the blog. You can also read us on your mobile device, by going to www.ft.com/ftfmblog

FT Blogs

Archive

« OctJuly 2014
M T W T F S S
 123456
78910111213
14151617181920
21222324252627
28293031