May 2001
The common bond of feeling falsely accused
While Horlick’s problems were perhaps the most widely documented of the SocGen team, Keith Percy and John Richards also had their own difficulties.
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The A-Team: they love it that their
plan has come together |
Nicola Horlick first heard the expression the A-team
applied to SGAM in 1997 when she was interviewing a fund manager
for a prospective job in her fledgling company.
"I asked why he wanted to join here and he said, 'I view you as a
bit like the A-team. You've all been accused of things you didn't
do.' Which is quite clever and quite right.
That's exactly the point. We'd all been accused of things we
didn't do," she says.
While Horlick's problems were perhaps the most widely documented
of the SocGen team, Keith Percy and John Richards also had their
own difficulties.
Until September 1996 Percy's record in fund management was
unrivalled. Asked by Phillips&Drew to establish its new fund
management arm in 1982 he took it from £3 billion to £17 billion in
assets under management eight years later. ...
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