Wonderwoman flies high
Hillboot Intergalactic Asset Management,
Cardew House, Bleeding Heart Yard, London EC1
I am just signing my way thru the latest pile of bonus checks when Holey Buckett sticks his head round the door and asks if he can have a blank one, Think of it as a corporate development expense, he says, if the check is blank enough we can get Wonderwoman.
At this I figure he finally flips, it comes of watching too many repeat programs, tho' I enjoy watching Wonderwoman first time round, she whirls like a dervish and wears fantastic costumes and karate-kicks her enemies, and now Holey wants to hire her as an asset manager, just what we need, he says, to put our business on the map.
Something sure has to, it is like I tell him, in this town there is $30 billion of other people's money, which these other people pay to have looked after, tho' they may not realize this, nobody asks them, or tells them even, and if some of it ends up in fees and bonuses they never notice, so this has all the marks of a truly great business to be in.
Quite right, Holey says, funds under management are money for old rope, they do wonders for our fee income, and our placing power too, and we can turn our thumbs up and down on deals, and all the guys who want our orders ask us out on freebies, Covent Garden is wall to wall fund management, and so are Glyndebourne and Ascot and the better class of trout stream.