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FOREIGN EXCHANGE

People moves: Gelber leaves hedge fund for U2?

I heard this week that Jeremy Gelber had left London Diversified (LDFM). They’re a secretive lot, those hedge fund Johnnies, which always makes me suspicious. So I didn’t expect any sort of answer when I sent Gelber an email asking him if he had indeed left. “No, I have not (yet) left LDFM. Where did you hear this from?” he replied

“My sources are everywhere. So-and-so heard you were off to join U2 or something; I might have got the message mixed up, but someone said something about joining Bono? Shall I hold off until the end of the week?” I wrote back.

“Absolutely,” he responded, using a word I absolutely and totally absolutely loathe being used in such a context. Anyway, one of my sources swiftly contacted me and said I was absolutely an idiot. The talk is that Gelber is off to Bluecrest to work for Girome Bono, rather than off to Dublin to work for the shouty Irish singer.

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