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Foreign Exchange

Dave Tait goes up again

David Tait, an FX trader at Peloton Partners, has chosen an extreme way to take a break from the troubled hedge fund. On March 29, he is off to climb Mount Everest – again. Tait has already been up to the top twice, so you’d think he’d now know better.

Last year, he tried to become the first person to do a double by going up one side, down the other and then retracing his footsteps. The Discovery Channel recorded the attempt and it was shown on British TV this week. Tait ran into severe trouble just 500 metres from the top. His Sherpa found this was because his oxygen supply had been turned off.

So it is somewhat disconcerting that Tait is determined to do the climb this time without supplemental oxygen. Once again, he is looking to raise money for charity. His two previous attempts garnered £320,000 in donations. More details can be found at http://www.davidtait.com.

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