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Wells Street Journal: Investec drafts in heavies to guard priceless zebras

Not many companies in this industry think their employees are important enough for their own security guards, but it seems there are some zebras in the industry that are important enough for this honour.

Investec has become synonymous with its iconic zebra, with the larger-than-life statue being wheeled out at a number of events.

But such is the attraction of the zebra that Investec has had to hire security guards to protect it against drunken revellers. It seemed that when the statue was wheeled out rugby games, the lure for drunken rugby players to climb on it was too much, meaning Investec had to get the heavies in to protect it.

Never mind the Brexit, here’s the news

Brexit, David Cameron’s resignation and the UK sitting on the precipice of an economic recession were not the only world-changing headlines to emerge on 24 June.

In other – but no less important – news, State Street Global Advisors announced it had won an annual charity five-a-side football competition. To put this historic victory in context, State Street had to fend off 24 other teams to emerge as winners.

With the announcement landing in WSJ’s inbox at 08:23 offers for interviews with the champions were politely ignored. Also in breaking news on the 24th, Government-backed auto-enrolment scheme Nest revealed it had issued a response to its consultation on changes to its rules – cue sharp intakes of breath across the office.

WSJ was tempted to stop its presses but, with the UK as we know it falling down around our ears, we simply didn’t have the time.


Wells Street Journal: Don’t toy with the ponies

There is a a strict “no horsing around” policy here at WSJ Towers. We are well versed in receiving pony press releases from investment companies boasting of new assets, new products and new “essential innovations”. But BNP Paribas had a new one for us this week, boasting about its cavalry winning the Ascot in the City race. Harry […]

Wells Street Journal: Pensions Regulator lobs a rotten Nest egg

Much has been made of the Government’s taxpayer funded campaign encouraging voters to back remaining in the EU. The Leave side predictably went ballastic when details emerged of the 14-page booklet sent to every household in the UK at a cost of £9m. Leading Brexiteers Boris Johnson and Nigel Farage also presumably received the handy […]

Wells Street Journal: Don’t mention the pay

The Wells Street Journal has a long held reputation as a paragon of good manners so we know it’s important not to discuss religion or politics at a dinner party. But this week we learned fund manager pay structures are another conversation taboo. Our education on the matter did not come at a swanky industry […]

Europe: Volatile share prices create opportunities for long-term investors

Mark Page and Laurent Millet, managers of the Artemis European Opportunities Fund, look at why, how and where fluctuations in European markets can generate opportunities for their fund. When asked what the stock market would do next, John Pierpont Morgan is reported to have replied that “it will fluctuate”. His (apocryphal) answer proved accurate. Over […]


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