Money managers under the microscope
City workers may dream of relocating out of London to somewhere a bit more laid back, particularly at rush hour, but one hedge fund manager is going the other way and is swapping the peace, quiet and good weather of New Zealand for the Big Smoke.
Jerry Haworth, founder of Auckland-based hedge fund firm 36 South, is moving to London’s West End in a bid to be closer to clients and to attract more assets.
The driving factor?
Hedge fund investors’ sudden rush to do all the due diligence they can in the wake of the Bernard Madoff fraud.
“I wouldn’t have contemplated coming to London if Madoff hadn’t happened,” Haworth tells me.