Word reaches me that one of my old bosses, Rob Jacques, is making a comeback after having retired a couple of years ago to Germany. He is about to start at Nylon Capital, the hedge fund set up by former Barclays big wig Alan Burnell.
Perhaps it’s no coincidence, but Burnell actually worked for Jacques many years ago as well. He was employed to trade forward Paris at Midland and, in theory, I had a close relationship with him as I was trading the spot book. Burnell has subsequently gone on to bigger and better things: the last time I tried to speak to him, he had forgotten who I was. Obviously, no word of confirmation from Nylon. As a rule, it’s beneath most hedge funds to comment on new appointments. When I asked one source familiar with the sector if they had heard anything, they replied: “I’ve never heard of them actually. What a weird name. Are they long socks and short tights?” I wish Jacquesy the best of luck.