Abigail with attitude
A busy few weeks leave our columnist pondering: Can Kengeter get it right at UBS? Who’s right: the doom-mongers or the Cassandras? And how can you afford to miss the Chelsea Flower Show
From this month, Euromoney subscribers will get two servings of Abigail with attitude online. Make sure you have a password so that you can read the thoughts of the financial market’s most influential commentator ahead of your competition.
Glencore – I told you so If you had been lured in to investing in the issue by a slick-tongued salesman, you might feel a little queasy today. Also, the gala preview evening of the Chelsea Flower Show was concisely described by a top fund-manager as: “An open-air cocktail party for the glitterati. Participation is essential for anyone with social aspirations. Viewing the blooms an optional extra.” Kengeter’s strategic quandaries Let’s see what the autumn brings for the markets and UBS’s investment bank. High-powered animation around the dinner table I hosted a dinner party at home for seven industry chiefs. Although there were a lot of egos in the room, several titans did not feel the need to dominate but were happy to listen to what others said. I was most interested in how there were two distinct views of the world. Reminiscing with Rudloff My former boss, Hans-Joerg Rudloff chairman of Barclays Capital, is retiring after six years as chairman of ICMA. Everyone has his or her own Rudloff story. I have many but will pick one that illustrates that experience is an attribute much underestimated.
Top traders are gloomy about the prospects for stock markets over the next 18 months, but not nearly as fed up as mid-level bankers looking with anger, rather than envy, at the compensation of their top bosses says Abigail Hofman