Boutique asset managers SVM issued an unusual invitation to the firm’s upcoming annual summer party. Addressed to “dudes and dudettes” it was not the normal entreaty to a formal Square Mile gathering. And it seems the bash will be anything but square with a promise to “go back in time to the swinging London of the sixties.” Given that the firm boasts to clients that it “lives or dies by performance” The Capitalist is expecting a show-stopping party, although let’s hope the swinging is not interpreted in the literal sense.
It appears future trading superstars are learning the tricks of the trade young these days, if the results of a national investment competition are anything to go by. A group of talented sixth-formers have outperformed the FTSE All Share by 15.3 per cent in the past eight months, a result that many fund managers would not be disappointed with. At points a mere 50 pence separated the top two teams., but the bold strategy of committing their portfolio to a single growth stock, SolGold, meant Marine Academy pipped second place Epsom College to the post.
Less than a month to go now until four brave runners from City A.M. take part in the Gherkin Challenge – a race up 38 floors to the top of 30 St Mary Axe. With our athletes training for the big sprint, The Capitalist has been reflecting on last year’s statistics. The fastest runner made it up in an impressive four minutes, 12 minutes was the average and the most leisurely time was 46 minutes. Any City fitties wanting to compete can sign up on the website: www.gherkinchallenge.org.uk