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This monTh’s conTribuTors

TyLer sHieLDs


Mark Hedley arT DirecTor

Matthew Hasteley DepuTy eDiTor

Jon Hawkins suB eDiTor

Hannah Berry senior DesiGner

Lucy Phillips Junior DesiGner

Ali Davidson sTaff WriTer

Matt Huckle fronT cover MoDeL

‘Sexy’ Pete Simpson conTriBuTors

Geraint Anderson, Graham Bell, Alix Buscovic, Peter Cardwell, Tim Drummond, Angela Knight, Jeremy Langmead, Kathryn Liston, Richard Mackney, Laura Millar, Matt Roberts, Chris Robinson, Jancis Robinson, Robin Swithinbank, Saul Wordsworth prinTinG

Colourfast Europe

HeaD of MarKeTinG & pr

Loren Penney MarKeTinG & evenTs

Danielle Kent, Megan Marshall, Rebecca Turnbull HeaD of DiGiTaL

Mike Gluckman coMMerciaL DirecTor

Lauren Neale HeaD of DrinKs & venues

Alex Watson Group aDverTisinG ManaGer

Michael Berrett prinT aDverTisinG

Jack Bennett, Geraldine Gaffney, Will Preston, Sophie Spencer, Will Taylor


f There’s one thing you can say about people who work in the

Square Mile, it’s that they get things done. Procrastination is about as high up in the City’s lexicon as socialism and sobriety. There are few places in the world where you’ll find such a concentration of ambition, commitment and determination. Over seven years working at square mile, I’ve met a lot of characters in the City – many brilliant, many clinically insane – and the one thing that links them all is an unwavering self-belief. Of course, this isn’t always the most constructive characteristic. Especially if said self-belief leads you to, for example, invest heavily in Greek government bonds. But, directed in a more productive way, it can push people to reach far beyond the City’s concrete constraints. Our cover star, Anton Kreil, is a perfect example of this. After topping the trading charts at Goldmans, Lehmans and JP Morgan, he chose a limelight of a different nature: TV personality. We’re not talking a Nasty Nick Big Brother job here – but rather turning a handful of novices off the street into a market-beating hedge fund on the BBC’s Million Dollar Traders. Certainly an interesting addition to Kreil’s CV. Yet, not half as impressive as ‘Astronaut’. Read our cover feature to fill in the blanks. Talking about pushing boundaries, we hope you’ll enjoy our sparkling new iPad App. Available to download free from the iTunes store, it’s not just some flick-book re-point of the mag – but rather an extensive digital version with video content, image galleries, interactive pages and even animation. If this isn’t enough square mile for you, get involved and come down to one (or all) of our Summer Festival events. Log on to for a list of what’s on. See you there!


Tyler Shields began his career videoing his friends skating. After producing his first music video at 17, he’s become one of Hollywood’s most famous photographers. The artist’s latest work involved setting fire to a £100k Hermes Birkin. Ladies, look away…

GraHaM BeLL A former five-time Olympic skier and the anchor presenter on BBC’s Ski Sunday, Graham Bell is the face of British winter sport. But what does he get up to in the summer? We sent him to Switzerland to make his way down the mountains on something other than skis.

DaviD Harrison Photographer David Harrison has explored battlefields with Sting, talked cars with Stirling Moss, played basketball with Martin Sheen, and seldom feels the need to drop names. His work can be seen anywhere from the National Portrait Gallery to the Sunday Times.

Laura MiLLar Laura Millar got her first experience of journalism at GQ more than 15 years ago. This didn’t put her off, and she has worked for a variety of titles since, including Red, Grazia, Marie Claire and Cosmopolitan. She has contributed to InStyle, Fabulous and the Daily Mail, among others.

Steve Cole, Laura Otabor, Claude Alabi eDiTor-in-cHief

Martin Deeson ceo

Tim Slee cHairMan

Tom Kelly OBE

020 7819 9999


Mark Hedley, Editor


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© Square Up Media Limited 2012. All rights reserved. No part of this magazine may be reproduced without the written permission of the publisher. All information contained in this magazine is, as far as we are aware, correct at the time of going to press. Square Up Media cannot accept responsibility for errors or inaccuracies in such information. If you submit unsolicited material to us, you automatically grant Square Up Media a licence to publish your submission in whole or in part in all editions of the magazine. All material is sent at your own risk and although every care is taken, neither Square Up Media nor its employees, agents or subcontractors shall be held liable resulting for loss or damage. Square Up Media endeavours to respect the intellectual property of the owners of copyrighted material reproduced herein. If you identify yourself as the copyright holder of material we have wrongly attributed, please contact the office.

square mile uses paper from sustainable sources


Contents Issue 70 00

00 22

00 36

00 60

Cover feature 52 00

00 90

fEaturEs .

52 SPACE invAdEr Cover feature Not content with earning enough to comfortably retire at the ripe old age of 27, former investment banker Anton Kreil takes us through his paces as he prepares for his next vocation: astronaut

ipad app ACCESS: Behind-the-scenes action from the front cover shoot


60 rAiding THE CiTy CoFFErS You’ll be amazed at the depths of moral depravity that some fund managers will stoop to. OK, maybe you won’t. Geraint Anderson recounts the emergence of the bear raiders


WATCH: All the action from the Red Bull BMX championships

64 SnAP iT UP Rules don’t apply to Hollywood artist Tyler Shields, who goes to great lengths to make a statement. At £100k a photo, it’s working

SEE: 360-degree view of the best wallets for your lolly

70 going For gold In recognition of the true City Olympians: both the sinners and the winners





18 . THE ExCHAngE 22 . ArT Work 24 . THE AnAlyST

90 . dividEndS 92 . moTorS 97 . WinE 100 . TrAvEl 117 . golF

ExposurE 31 . PrimE TimE 32 . THE Firm 34 . mr PorTEr 36 . WAllETS 41 . lingEriE 42 . PErSonAl TrAinEr 45 . UlTrA mArATHon 49 . AdvEnTUrE SPorTS

City 79 . my World 81 . WHiTE knigHT 83 . CAPiTAl SHorES 84 . mAyor’S FUnd

propErty 125 . lUxUry london living

End play 144 . noTiCEboArd 146 . mACknEy mASTErClASS

iPAd ExTrAS Look out for the icons in this issue for what to see in the App…



28 Via Dolorosa Road | Jerusalem, Israel | +972- 54 -737-1066 | +972-2- 626 -1469


City index . 018 olympiC art . 022 the analyst . 024

The final sTraw . 22 ‘forms’ by Quayola & memo Akten

The ciTy index


Things To do


AfTer The CiTy


Saul Wordsworth


The exchange

▽ Three cheers for those human toothpicks we call dentists. Without them we wouldn’t have teeth; without teeth we couldn’t eat; and without eating what would we do between meals? For this reason it is vital you visit yours tomorrow. After all, abscess makes the heart grow fonder. As a dentist, attention to detail is key: “Could you open your mouth, Mrs Patterson? I need to make an impression.” “You have already – your flies are undone.” Dentists don’t drink normal water. Instead they glug the coloured stuff used as a rinsing agent. Such coloured water includes high levels of fluoride, which toughens teeth but has the side effect of blunting memory. This is why, when visiting the dentist, conversations often take the following form: “So, tell me, what GCSEs have you chosen then, young James?” “Actually Dr Mills, I have been working at the Ministry of Defence for the past fifteen years now.” Brace yourselves for the next bit: dentists like rough kids. This is because rough kids get into fights and have their teeth knocked out. For dentists, repeat business is key. This explains why they teach children to brush incorrectly. Such malpractice was exposed in the Panorama special ‘Dentists: the Bleeding Truth’ when eight dentists from the Denton area were exposed for forcing children to brush their teeth with chocolate bars. When all is said and gum, dentists are traditional sorts. Many enjoy root canal holidays and all are supporters of the crown – yet most are lonely, fear decay and have huge cavities in their lives. All they want is the chance to show that underneath that tough enamel exterior lies something soft and pulpy. ■ See more of Saul at


2 3 4 5

▲ mcdonald’s

You’ve been in custody for the best part of nine months, and what’s the first thing you want to see as a free man (OK, so not free at all, but we’re sure you know what we’re getting at)? Your home? Your Mum? Someone else’s Mum? The crushingly bleak and urban car park of a McDonald’s, just metres from a giant roundabout? That, at least, was the fate that befell accused UBS rogue trader Kweku Adoboli – who denies the charges of fraud and false accounting levelled against him – when police dropped him off to meet his lawyers as he was released on bail. His trial starts in September and, if found guilty, he could face ten years in prison, after which time a trip to a car park under the golden arches will probably seem like heaven itself.

▲ mark$ & sp£ncer

There’s rarely been such a buzz around the office as there was when news reached square mile that Marks & Spencer is set to open 50 bank branches in its stores. This, after all, is a remarkable thing; we now live in a world in which cashing in a cheque and kitting yourself out with a three-pack of classic men’s briefs can take place in the same building, with the same long-established values and commitment to customer service. This isn’t just any bank, this is a sevenday-a-week, nice-late-middle-aged-lady-staffed, sensib... hang-on, do you think they’ll pay interest in those little pots of chocolate orange mini-rolls? If so, count us in.

▲ anthony browne

The man stepping into square mile columnist Angela Knight’s shoes as chief of the BBA is Anthony Browne, who faces the brutally tough job of defending Britain’s banks. But does he have what it takes? Well, as a former journalist, Boris Johnson cohort and Morgan Stanley chief lobbyist, he should know a thing or two about unpopularity.

▲ i va n g l a s e n b e r g

The Glencore boss has spoken out against detractors of high executive pay, blasting recent shareholder activism. “I’ve got to be honest, if my shareholders voted down my salary, I’d think ‘I have to leave’,” he told guests at a mining industry dinner. They’ll know what to do if they get sick of him…

▲ female traders

The number of female traders opening accounts with online trading outfit City Index has risen 1,434% since 2001, with the top 20 averaging over £272k profit a year according to the firm. None of them, sadly, is square mile’s wife.


▼ pa u l k r u g m a n

Not having won a Nobel prize for economics ourselves (it’s an outrage), we can’t say for sure, but we’re willing to bet that having the award bestowed on you might bring with it a certain sense of superiority. That, at least, seems to be the case with US economist Paul Krugman, whose comments about Estonia’s “incomplete recovery” prompted a savage Twitter attack (a Twattack?) from the country’s president, Toomas Hendrik Ilves. “Let’s sh*t on East Europeans: their English is bad, won’t respond & actually do what they’ve agreed to & reelect govts that are responsible,” read one of his tweets, which was confirmed as genuine by the President’s office. Pardon us for saying, Mr Ilves, but shouldn’t that read ‘they won’t respond’?

▼ swiss bankers

Think British bankers have got it bad? Then you should take a look at what your Swiss counterparts have to contend with. So petrified are they of arrest and extradition by the US as a result of the country’s tax disputes with Switzerland, many bankers are choosing to stay at home this summer rather than leaving their homeland, according to a Reuters report. One banker apparently called an advice line to get the lowdown on popping over the border to France to do his shopping. Luckily they get to remain in one of the world’s most relentlessly exciting countries, with all the cuckoo clocks, chocolate and cows they’ll ever need. Oh…

▼ profits

No prizes for guessing which country’s banks were the world’s second least profitable in 2011. That’s right, it’s the UK’s, with an average return on equity of under 4%. The most profitable, with 26%, are in Indonesia, while the Italians were dead last, although they have Ferrari, Mario Balotelli and Dolmio, so beat Britain on a technicality.

▼ rbs shares

photograph: Films Du Cyclope / the Kobal Collection

Summery optimism abounds over at RBS, where chairman Sir Philip Hampton has admitted that the bank’s shares may not recover to pre-crisis values “in my lifetime or some lifetimes beyond”. Thanks for the tip, Phil! Note to self: remind great, great, great grandchildren to buy RBS shares.

▼ yet more inside traders

The rampantly active FSA has snared another three baddies, finding Blue Index director James Sanders and two others guilty of insider dealing. Is all this strong-arming designed to secure a legacy for the outgoing regulator, per chance?

1 2 3 4 5

Bienvenue à Londres – this is the global capital of finance. If your own president does not want the jobs, the opportunities and the economic growth that you generate, we do…

Contact us with your City Winners & Losers:

BorIs Johnson has suggested that France’s determination to implement a tax on financial transactions would “clearly cost jobs” in Paris

Want to nominate someone? Work with a legend? Or a turkey?

Cru nCh bunCh Words

for people With money to burn

Jon Hawkins

#34 Colombostile Carlo rampazzi sWarovski armChair, £14,000

▽ It doesn’t take Carl Jung to work out what spending £14,000 on a renaissance-style quasi-throne made from silk, Swarovski crystals, platinum, gold and silver leaf says about you, but we’ll say it anyway: either you’re suffering from serious delusions of grandeur or you’re Michael Jackson. So it’s no coincidence that it was the late King of Pop who originally commissioned Colombostile to create this Carlo Rampazzidesigned chair for him as part of a lavish dining set, which any one of us can now buy, even if we’re not lucky enough to live with a chimp or own a fairground. It’s easy to sneer at a level of gaudy opulence that Liberace might have dismissed as “a bit fussy”, but there’s an undeniable sense of power that radiates from the seat. square mile is already imagining itself reclining in the armchair wearing a monogrammed, fur dressing gown while absentmindedly stroking the crystal legs and plotting the economic downfall of the Western world. Although that’s already happened, so on second thoughts why not just kick back in the Colombostile with a can of Stella and watch repeats of Come Dine With Me instead? ■ For more information go to



See the video on our ipad app

R★o★g★u★e TRadeRs

The exchange

Frauscher 1017 GT £243,920

Like the slack-jawed yokels who consistently won Bullseye in the early 1990s, you don’t really need a speedboat, but it’s still nice to have one nonetheless. The main difference between you and them – beyond the fact that you have basic general knowledge, can spell some words and don’t particularly want to go on a TV show where one of the main prizes is a washing machine – is that you can actually afford to keep a speedboat. And we’ve found one you certainly won’t want to leave on the trailer outside an estate in South Shields: the Frauscher 1017 GT. There aren’t many gentleman’s racers on the water that can stack up to the elegance and style of a Riva, but the Frauscher more

than makes it into that hallowed few. A European ‘powerboat of the year’ nominee, this is the largest boat that the Austrian company has made to date. But it’s still as nimble as its lighter harbour-hopping siblings thanks to its super-efficient hull design. The extra space from the spacious foredeck and sizeable sunbathing area certainly makes for a superb sundowner sanctuary, too. When it comes to bombing around on the water, we’re pleased to report it doesn’t fall short in the engine department, either. There are two 320hp Mercruiser engines capable of bringing the yacht to a top speed of 50 knots. So, that would be 80 ponies more than a Ferrari 458? Super, splashing, great. ■

Words Peter Cardwell

For more info, go to

Banking ain’t what it used to Be... Words Matt Huckle

#19 Tom PeTTers

Cartoon by Modern toss

▽ Tom PeTTers sTarTed out well enough. His holding company Petters Group Worldwide had 3,200 employees and had partial or full ownership of 60 companies including the Polaroid brand. In 2007, it had a reported income of $2.3bn. All of which we’re sure was completely legit and totally above board (ahem). However, there comes a time in a man’s life when owning a successful company is no longer enough. It was around this time when Petters thought, “I’d much rather be stealing billions in a Ponzi scheme.” At least, we assume that’s probably how it happened. He was a textbook example of the charming con man; using his affable personality to soothe any probing questions that might arise. A former boss said his talents were so good that “he could talk your wallet right out of your pocket.” Indeed, some estimates of the money he stole go as high as $3.65bn. It’s hard to point to when the Petters Ponzi scheme began. He still maintains complete innocence, claiming that it was the people around him who ran the con. Unfortunately for him the US District Court didn’t see it that way and found him guilty on fraud charges. He received 50 years in prison, although prosecutors were at one point trying to get him for 355. It’s a sentence that looks like it will be upheld, as the US Supreme Court recently rejected an appeal to re-examine his case. The scheme’s collapse meant that American budget airline Sun Country had to file for bankruptcy as it had been relying on an operating loan from Petters. For flop’s sake! ■

Photo (toM Petters) by J. Vespa/WireImage for Fingerprint Communications


Bonus B u ster

Olympic art BrOught tO yOu in assOciatiOn with

It might look like an explosion in a drinking-straw factory, but Davide Quayola and Memo Akten’s work is actually a representation of a worldclass athlete in motion. Part of Forms, an interactive animation project inspired by, among others, photographer Eadweard Muybridge (who proved that a trotting horse lifts all of its hooves off the ground simultaneously), it was created using footage of Commonwealth Games competitors, sophisticated software and 3D technology – plus a load of collaborators. Which probably requires more effort than detonating a bunch of drinking straws. But is possibly less fun. ■ Forms was created by a whole team: Quayola & Memo Akten (artists), Nexus Interactive Arts (production company), Beccy McCray (producer), Jo Bierton (production manager), Matthias Kispert (sound design), Maxime Causeret (Houdini developer), Raffael F J Ziegler (3D animator), Eoin Coughlan, Katie Parnell, and Mark Davies (3D tracking).


See the video on our ipad app


➤ National Media Museum ➤

Forms — By Quayola & Memo Akten —




➤ This month ➤

nissan deltawing — By Jon Hawkins —

EnginE The DeltaWing’s 1.6-litre turbo-charged engine may be small, but in a car weighing just 475kg – compared with 900kg for the top prototype cars – its 300bhp propels the nissan to over 195mph.

STaBiliTy To prevent this light car from taking off at high speed, 72.5% of the DeltaWing’s mass is centred between the rear tyres and 76% of the aerodynamic downforce acts on the back of the car.

analyst Drag Designer Ben Bowlby calls the DeltaWing a “slippery missile”; it experiences half the drag of a conventional prototype. The front tyres are only four-inches wide making the dart-like shape possible.

SEE iT movE on our ipaD app


Let’s get the obvious bit out of the way first. Yes, the DeltaWing looks a bit like the Batmobile; no, it’s not intentionally that way. In fact, its radical shape is simply the product of designer Ben Bowlby’s quest to make a car with half the drag and weight of a typical sports-prototype

racing car and, in doing so, halve both the fuel and tyre consumption. Originally conceived as a concept for the American IndyCar Series (AIS), the Nissan DeltaWing made its competitive debut at last month’s Le Mans 24 Hours race in the experimental ‘Garage 56’ class.

“This wasn’t about finding a loophole in the rules, this was about throwing away the rule book completely and starting from scratch,” says Bowlby. Naturally, we like his style. As, we suspect, would the caped crusader. ■

. R E W O P D N O Y E B

Introducing Trek Domane It’s the perfect complement to our Tour-winning Madone, purpose built to smooth the road and keep you at full power longer. Learn more at

Because one pa r t y j u s t isn’t enough JOIN US: 9-15 JULY a week-long programme of events, parties and promotions brought to you by square mile: from wine tasting to casino evenings, yoga lessons to private art exhibitions, and the legendary square mile summer Party. Join in to have something really worth talking about at the water cooler… mONDaY 9 JULY


• Breakfast Special at Green’s Cornhill • Golden Lane Health & Fitness aquathon • The Sanctuary British summer spa Day • Cinnamon Kitchen Wine Offer

• Golden Lane Health & Fitness Open House • Beautiful Crime at The Loft in the ivy Club • Albemarle Gallery Art Private view and Drinks reception • Cinnamon Kitchen Cocktails



• Blue Cow Yoga Open Day • Eight Club Casino Night • C&B Wine Tasting Dinner

• Lamb Tavern Pop-Up Bar • Tranquility Pilates Open Day • Sin In The City Party

frIDaY 13 JULY

• Leadenhall Bastille Day French market • square mile summer Party at mcQueen, shoreditch • Gaucho City Masterclass

SatUrDaY 14 JULY

• Brunch Club at Le Caprice


• Sheekey Speakeasy with the Peep Show’s isy suttie

Fo r a Fu l l l i s t o F e v en ts & to rsv P: S q Ua r e m I L e .cOm/feS tI va L o r e m a i l feS tI va L @ S q Ua r e m I L e .cOm

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Show me the money . 36 PhotograPh by David harrison

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FRIENDS OF DULWICH PICTURE GALLERY Image: Muhammad Ali, 1978, Portfolio of four screenprints on Strathmore Bristol paper, Edition: 45/150, 101.6 x 76.2 cm, Š The Andy Warhol Foundation for the Visual Arts / Artists Rights Society (ARS), New York / DACS, London 2011



watch Bremont

Old Timer Robin Swithinbank admires

There was a time back in school when if you went on a trip you had to bring back part of whatever it was you’d been to see. I remember my sister returning from the Isle of Wight and giving me a vial of coloured sand. Someone – I forget who, sorry – once gave me a piece of the Mary Rose in a Perspex cube. At some point during the last three decades, I lost the piece of the Mary Rose, which, I’ll admit, now feels a little irresponsible. But, in my defence, as struck as I am by the poignant tale of Henry VIII’s pride and joy, a splinter in a paperweight doesn’t do it for me. Had that glorified woodchip been worked into a luxury Swiss watch, I’m pretty sure I would have taken more care of it. And before you scoff at the suggestion, you might remember that inseminating historical artefacts into watches isn’t my idea. Romain Jerome’s DNA watches include a piece made using steel, coal and rust salvaged from the Titanic – not to everyone’s taste, but they sell. More nobly, Bremont has just announced ‘The Victory Watch’, a piece that will be made using parts from HMS Victory, Lord Nelson’s flagship at the Battle of Trafalgar. The Victory is clean-cut and, thanks to two retrograde displays, pleasingly symmetrical, not unlike the designs of the Georgian period by which it’s inspired. It’s limited to a production run of 250 in steel and 40 in gold, and will feature copper and oak from the ship – the former in the automatic chronograph movement’s inner barrel; the latter in an inlay under a sapphire crystal case back. Bremont is working with the National Museum of the Royal Navy on the project and part of the proceeds of each sale will go to preserving the HMS Victory, which is the oldest serving warship still in commission. The launch is this month [July] and delivery is expected in the autumn, but you might like to make enquiries now. The rumour mill has it that pre-orders are likely to swallow the final run whole. ■ Bremont HMS Victory, £11,995 in steel For more information, go to

See more watcheS on

Bremont’s Victory Watch, which preserves a piece of nautical history


Style the firm

wise guise

The crew from Divento Financials go all Reservoir Dogs on us. Question is, who’s Mr Pink – and who’s Nice Guy Eddie? Styling by Hugo Boss



See behind the SceneS on our ipad app

The CloThes: Black ready to wear suit, Boss Black, £499 White cotton shirt, Boss Black, £90 Black tie, Boss Black £60 Black shoe, Boss Black, starting from £195 stockist Info: 020 7554 5700 The men: (From left to right) James o’Connor; Ben mcGuiness; leo Kitchen; James Dickinson; James sullivan; matthew shields; Ryan Paisey; Tom Bull If you and your team would like to be featured on this spread, please email


style for him

Look the Business Endlessly living out of a case and staying in a different hotel room each night? You’ll turn heads in every city with these travel essentials, says Jeremy Langmead and the team at

STOCK PICK You can’t judge a book by its cover, but you can tell an awful lot about a man by the type of luggage he uses. Investing in a smart, classic holdall ensures you’ll always arrive at your destination with your sartorial credentials intact. There’s nothing more dependable than a good piece of hand luggage: check-in will be quicker, you’ll have access to your worldly goods throughout the flight, and there’s no hanging around forever at the carousel. Crafted from the softest of leather, this piece from Jean Shop (£920) has a covetable well-travelled look and feel, while its roomy capacity will allow you to pack everything you need for a long weekend away. ■




1 THE SUNGlaSSES: CUTlEr & GrOSS, £300 This season’s sunglasses are inspired by iconic shapes and imagery from the past. These Cutler & Gross tortoiseshell shades have an authentic 1960s appeal.


4 THE TraVEl SUIT: rICHard JamES, £695 Whether you’re running from a plane to a presentation or just looking to come out of the morning commute looking fresh, this Richard James suit is tailored from a pure wool fabric that has been woven to resist wrinkles, ensuring you always look your best. The classic navy shade and two button jacket guarantee it’s a fail-safe investment in your smart style portfolio.

5 THE CHINO: SlOwEar INCOTEx CHINOS, £250 Incotex chinos are an off-duty essential. The inherent craftsmanship of this luxurious style stems from the Industrie Confezioni Tessili, a Venetian factory that has specialised in trouser and short production since 1951.

2 THE CUrrENCY wallET: SmYTHSON, £160 This crocodileembossed leather wallet from Smythson has four separate colourcoded pouches to keep multiple currencies organised in one convenient place. A brilliant idea, executed to perfection by one of the most covetable luxury brands around.



3 THE PaSSPOrT HOldEr: ValExTra, £180 Don’t let style standards slide when you’re travelling for business. You may not be in the office where everyone can see you, but it never hurts to pay attention to detail. Also available in USA and Australia editions, this leather passport holder is a favourite of ours.


6 6 THE SUIT CarrIEr: BOGlIOlI, £1,050 Work trips which are longer than a couple of days call for a back-up suit to be taken, and the only way to transport one, and for it to arrive in a ready-towear state, is in a suit carrier. Understated and stylish, the detachable internal jacket cover will ensure you’re ready to go from the moment you land.

7 THE drIVING SHOE: Car SHOE, £240 Driving shoes are lightweight, comfortable and, as the name suggests, perfect for driving. Whether you opt for suede or leather, drivers go so well with chinos, jeans and shorts that they’re a no-brainer for effortless travel dressing. They also slip on and off without hassle, so are great at airport security.



Birds of a leather: (from left to right) ede & ravenscroft ostrich billfold, £195, edeandravenscroft; Zilli navy blue croc money-clip wallet, £2,200,; hugo Boss Boss Black red billfold, £79, 020 7554 5700; Purdey bridle leather billfold, £150,; Gieves & hawkes black calf folded card case, £90, gievesandhawkes. com



See it in 360° on our ipad app

Style walletS

FLight oF Fancy According to Benjamin Franklin: “He that displays too often his wife and his wallet is in danger of having both of them borrowed.” Well, we can’t comment on the missus but, if your wallet looks this good, it’s easy to see why it might take off Photographs by DaviD Harrison


Pocket the wealth: (top to bottom) aspinal black lizard ID wallet, ÂŁ75, aspinaloflondon. com; ettinger bridle hide red billfold with coin purse, ÂŁ179,



In the money: (from top to bottom) ede & Ravenscroft lizard and tan billfold, £195, edeandravenscroft; Purdey canvas and leather large wallet, £190,; Aspinal brown pebble calf and espresso suede billfold, £65, aspinaloflondon. com; ettinger London pinstripe black billfold, £158,



THE PErfEcT fIT HannaH Berry says that the key to the right bra is great support

in all the right places: welcome to rigby & Peller – and its new city of london store. Well, if it’s good enough for the Queen…


ra: an undergarment worn by women to support the breasts. But 80% of women are walking around wearing one that falls short of its very definition: they’re often illfitting, the wrong size, and uncomfortable. This is what I am told by lingerie styling expert Dita, in the changing room of Rigby & Peller’s new City of London store [pictured below]. She tells me, as I stand in front of her in all my, er, glory, that in terms of support you should be looking for a figure-hugging 80:10:10 ratio. That’s 80% from the back, 10% from cup, and 10% from the strap. And the result of this magic formula? The most flattering silhouette for the foundation of your complete look. It’s surprising that so few women have been for a fitting in their life, especially when it’s a completely free and an enjoyably selfindulgent service offered by Rigby & Peller in all its stores. You might be wondering why I am still standing in this dressing room giving Dita a full frontal? Well, that’s because Rigby & Peller doesn’t believe a tape measure is capable


What’s the result of this magic formula? the most flattering silhouette for you


of taking into account your body shape and so everything is done by eye (after up to six months of training, I hasten to add). Dita sizes me up and momentarily leaves me before returning from the shop floor with bounty in hand. Catering for a sizeable range from 28-48 A-N, Rigby & Peller really does have something for everyone – even the Queen (it’s Her Majesty’s official lingerie supplier). Alterations are available to ensure you always have the best fit possible – and there’s even a bespoke service too, out of the Knightsbridge store, so you can truly have a piece, or pieces, tailored to your tastes and sculptured to your individual curves. If the underwear gets you in the mood (for shopping, I mean) then Rigby & Peller also offers both swimwear and nightwear ranges. The unique swimwear fitting service will make certain you look your best this summer. After trying on a multitude of the most beautiful underwear that has ever graced my form, I finally decide on one of Rigby & Peller’s own-brand balcony sets. It complements my shape, makes me feel like an empowered woman and, most importantly, lands me in the 20% minority with the support we need. ■ Rigby & Peller’s new City of London store is now open at 43 Bow Lane, EC4M 9DT. Appointments are not always necessary. Open 09.30 - 19.00 Monday-Friday. Gift cards are also available and ideal for men buying a present for a loved one. For more info, please call 0845 076 5545 or visit

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HEaltH PErsonal trainEr

Turn & Burn Body composition and weight loss specialist Tim DrummonD says reverse a poor diet and your metabolism will follow suit


VER wondEREd why the guy sitting next

to you seems to have an endless pit of energy? Why – even after a big night – he’s still fizzing with an annoying joie de vivre? And why you, on the other hand, are in a permanent haze of tiredness despite being intravenously linked to coffee? Of course, these are extreme examples. Most of us operate somewhere in between but have you ever considered why this happens? Or how you could hone your lifestyle and habits so that more often than not you are the annoying one buzzing with energy? It all comes down to your metabolism. You’ve probably heard your other halves moan about theirs – some even use the m-word to explain away those extra few pounds. But, the truth is, few people actually understand what metabolism really is. Let me explain… The metabolic rate is how much energy is needed to sustain the body. A high/fast metabolism means your body processes food quickly producing high, sustained energy

levels. A low/slow metabolism means your body doesn’t convert food to energy efficiently or quickly, which leaves you feeling sluggish. Apart from low-energy levels, here are some of the other warning signs you should be looking for (apologies in advance if some of these put you off your sushi lunch): Weight gain and not being able to get rid of it. Constipation because everything gets slowed down – literally. Dry skin, thinning hair, feeling down, tiredness, lack of energy, cold hands and feet, cramping, more wrinkles and brittle nails. You might also find that you don’t recover well from exercise or that you have little appetite for it, which will inevitably contribute to weight gain, too. If you are experiencing three or more of these symptoms my advice would be to see your doctor as medication might be needed. For most people, however, it’s possible to sort this out without medical intervention. Before we get to that, let’s look at what is causing all of these things to happen. Usually the biggest factor will be diet. Think about your body like a car; if you put in low-grade fuel it’s not going to function as well. More nutritious food – I’m talking organic vegetable and grass-fed meat – will increase the metabolic rate whereas processed toxic food will drag it down. Simples! Of course you may have a healthy diet but still be experiencing some issues. In this case my first instinct would be that there’s an iodine or selenium deficiency. These chemical elements are key components of the thyroid gland, which regulates the metabolism. But both are easily dealt with. Eat seaweed and kelp to ratchet up your iodine levels. And for selenium just eat three brazil nuts a day.


i haven’t done much fitness in a while… How do i get started? – John from Lloyds TSB Body-weight exercise can get results Squats, lunges and press-ups from the knees are all great exercises for getting into shape. Not only this, they are a great starting point for the inexperienced exerciser or if you are just getting back into a routine. Try to do at least two sessions of resistance training a week. try as many forms of exercise as possible Training in one way generally will not get the best results. Combining different types of exercise such as pilates, running and weight training can help maximise your results. The celebrities who get the best results train in a range of methods for a number of hours a day; they may credit one form of exercise but remember they may be doing up to four hours of training a day. Varying your type of training when you start out will test your body in a number of ways, not only this it allows you to see what forms of exercise you enjoy and what you could fit into your routine in the long term. As a target, find at least three half-hour sessions of pulseraising exercise a week. Match intentions with action How many people start an exercise regime that is finished within four weeks? Refocussing goals and achieving an ideal physique is something that most people want to do but very rarely put the effort into achieving. Match your intentions with the right actions. If this means starting an exercise routine or cleaning up your diet then get focussed: set your goals, make a plan and do it. If you have a question to ask celebrity trainer Matt Roberts email

dos and don’ts foR an optimum mEtabolism:


DON’T: Yo-yo diet. This is by far the worst thing for your metabolism because the body doesn’t know how much energy is coming in or how much needs to be sent, so it goes into a state of emergency and retains fats and water. ■ Tim Drummond Personal Training has studios in Belgravia and the City; 07823 697 605;

sEE MorE FitnEss on

IllustratIon by adam larkum

DO: Regular low-intensity exercise like swimming, jogging or a brisk walk for around 30 minutes every day. DO: Some high-intensity exercise, such as weight training or interval sprinting, three times a week – that’s really important. DO: Drink enough water – 2-3 litres a day. DO: Eat organic foods. DON’T: Try to survive on a low-carb diet. This will slow your metabolism down even more.

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HealtH & Fitness Ultra maratHon

Cool Runnings

Richard Donovan takes running to the extreme in some of the world’s harshest conditions. Well, it sure beats a 5km jog around the park, says Matt Huckle


unning a maRathon is a real challenge. Especially when you’re running said marathon entirely on ice at the North Pole. Richard Donovan isn’t sure why but he happens to be rather good at running in extremely challenging conditions. He was the first person to run marathons on both the North and South Poles, as well as running 100 miles across Antarctica in a day: “I’ve never really run a conventional marathon.” Aside from the locations he runs in, he also runs much longer distances than the standard 26-mile marathon. “An ultra marathon is technically any distance longer than a marathon,” Donovan explains. “So, you could

have anything over 26 miles all the way up to 1,000 miles and runs across continents.” His first ultra was the Marathon des Sables, which he ran with no experience. He hasn’t looked back: since then he has set the record for running seven marathons, on seven different continents, in less than seven days. “My advice to anyone thinking about doing an ultra is ‘don’t think’ – it’s not a logical thing to do; just do it. It’s also vital to have the right gear, especially in the cold.” So, you ran a marathon? That’s cute. Next time try signing up for an ultra. ■ Richard Donovan competes in UVU equipment. For more info, go to

PhotograPh by Mike King

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SPin CyCle



There must surely be easier ways to enjoy the views from Ally Pally than competing in Red Bull’s Empire Of Dirt, says Alix Buscovic

For most of us, flipping upside down on our bike ten feet in the air is the prelude to a thud and a trip to A&E, but for the 36 competitors in the Red Bull Empire of Dirt 2012, it’s a disappointingly low jump. The annual international competition, which brought 20,000 BMX fans to London’s Alexandra Palace in May, saw riders from 14 countries leap and spin over founder Kye Forte’s exhilarating 435-metre course of slopes, ramps and obstacles. But it wasn’t enough for contestants simply to execute smart tricks. They were also judged on their creativity and style. Which is pretty tough given that, at times, they were being propelled to the height of two London buses. BMX – ‘bicycle motocross’ – began in the US in the 1970s, with kids racing their bikes on dirt tracks in motocross style. It quickly became a recognised sport, and rapidly grew in popularity. At the end of the two-day contest, this year’s winner was announced: England’s Ben Wallace. Wonder if he jumped for joy…? ■

PHOTOGRAPH by Bull Content Pool




space man bear raids a-List apertures city oLympics

. . . .

052 060 064 070

Put your money where your mouth is . 64 PhotograPh ‘glitter Mouth’ by tyler Shields;



Master of


Anton Kreil is plAnning to enter the record booKs by becoming the first person to mAKe A trAde from outer spAce. Mark Hedley meets the mAn who hopes to boldly go where no trAder hAs gone before‌

Universe? See behind the SceneS on our ipad app




e’ve all thought about it. Brain


it turns out space really is the final frontier. “The text read ‘Do you fancy going to space and becoming an astronaut?’ I had to laugh, and sent back a message: ‘Tell me more…?’”

MaKINg hIStoRY The text had come from an old friend of Kreil’s who now works for the Dutch space tourism company Space Expedition Corporation (SXC). A couple of days after receiving it, Kreil had already arranged to meet the company’s CEO, and Formula 1 team owner, Michiel Mol to discuss the reality of flying into space. “At that stage I was just considering it as something that sounded pretty cool but a bit unrealistic,” recounts Kreil. “As I learnt more about it, though, the likelihood of it happening became a lot higher than I first thought.” At this point, there have only been about 560 people in history who have flown into space. Kreil rather fancies being added to that list. He will also officially become an astronaut. “It was pretty obvious that I would

I knew I’d make history but I started to think what could I do to break a record along the way? make history in some way if I just bought a ticket and went to space,” he says. “But, I started to think what else could I do to break a record along the way? Executing the ‘First Trade From Space’ made perfect sense.” One week later, he travelled to Holland to sign the contract and buy his ticket, at $95,000 (return). The record attempt will be for the ‘First Trade from Space’ and ‘The Highest Trade Ever Executed’. He’s planning both a currency and a stock trade within each category. ➤

PhotograPhs by David harrison

surgeon. Rocket scientist. Eco warrior. Extra on Spartacus: Blood and Sand. (OK, maybe that last one’s just me.) There’s a lot that must beat the City grind. So how do you go from being a superstar trader at Goldman Sachs to becoming an astronaut? “It all started with a text message,” explains Anton Kreil. After making his name on the pan-European equities trading desk at Goldman, Kreil was headhunted to work for Lehman Brothers, before soon moving to JP Morgan, before retiring from investment banks at the age of 27. Lucky bugger. If you recognise his face, it may be from his role on the BBC’s show Million Dollar Traders, where he was mentor for a team of eight novices who were taken off the street to run a hedge fund in a matter of weeks. Kreil is now the CEO of the Institute of Trading & Portfolio Management, training traders of the future. But that’s his day job. It’s clear that the City streets are never quite going to cut it; for him,


in the cockpit, looking down at Earth and buying the sponsor’s stock. From a sponsor’s perspective, the concept of being a global pioneer has to be a great PR message. It’s an amazing project to be involved in.” Kreil is also in talks with several investment banks and brokers about the rights to execute the trades. The possibilities are pretty endless: “I could actually break the speed trading record pretty easily too if I did a trade on the way to space; our top speed will be more than 3,600km/h.”

LAUNCH T-MINUS 18 MONTHS So when’s lift off? Kreil is in a race against, among others, Richard Branson to become the first British tourist to make it into outer space – aiming to take off in Q1 or Q2 of 2014. “Branson has been delayed over the last few years for various reasons,” says Kreil. “There is no indication that the SXC flights will be delayed in any way.” The CEO of SXC certainly has form in running complex and high-tech companies: Michiel Mol is the co-owner of the Formula 1 racing team Force India, and the founder of Europe’s largest digital advertising agency Lost Boys International (LBi). His official role at SXC is ‘head of mission control’. Now, that’s one hell of a business card. The rest of SXC’s founders are no less impressive. Ben Droste, head of strategic command, was commanderin-chief of the Royal Netherlands Airforce before retiring in 2000. He has flown more than 4,000 hours in various military aircraft,

I’ll be floating weightless in the cockpit, looking at Earth and buying the sponsor’s stock ➤ Concerning the currency pair, Kreil is a Brit and flying in a US-built shuttle, so GBP/USD seems the natural fit and will most likely be a $1m trade in homage to his role on Million Dollar Traders. “I certainly can’t commit to trading the Euro,” Kreil admits. “The way things are looking at the moment, it may not even be around by the time we fly.” The specifics of the stock trade are still up in the air (as it were). “I’m currently speaking with companies in the US, UK, and Europe,”


Kreil explains. “We’re looking at doing a big one – and we will likely announce the stock a few weeks or months before the flight.” The trade will be a multiple record: the ‘First Trade from Space’, the ‘First Stock Traded from Space’, the ‘Highest Trade Ever Executed’ and the ‘First Financial Transaction from Space’ to name but a few. It will be broadcast live on the internet and the sponsor will get worldwide exposure. “There will be several cameras inside the aircraft. I’ll be floating weightless

including 1,000 hours in an F-16. Harry ‘Slinger’ van Hulten is the experimental test pilot, with more than 3,000 hours military flying experience. Maarten Elshove is the financial brains behind the operation, working at ABN AMRO and KPMG before setting up several successful financial software ventures. And the man with his hands on the shuttle’s controls will be ex-NASA astronaut Colonel Rick Searfoss, a NASA veteran with three space missions and 39 days in space ➤


➤ under his belt. “I couldn’t have hoped for a better qualified or more dedicated team of professionals.” Just as well, really, given what Kreil is soon to face.

FLIGHT OF THE NAVIGATOR The flights will occur at either of the SXC’s bases in Curacao or Mohave, California. The shuttle will take off from the runway, like a normal passenger jet. “But the difference is that it will just be myself and the pilot in the cockpit,” says Kreil. From take-off, it will hit Mach 1 (761 mph) within one minute, and will top out at Mach 3 (2,283mph). “We will be in outer space within four minutes.” Outer space is internationally recognised as anywhere beyond 100km above sea level – what’s known as the Kármán Line. The flight will reach more than 103km above Earth. When the shuttle has reached 60km, the rocket engines will be switched off and it will float upwards in a parabolic manoeuvre. “We will then be weightless in the cockpit. Before the 60km barrier, we will be hitting about 4.5G. So, basically, that’s the same as carrying 4.5 times your own bodyweight,” explains Kreil. “However, we will be wearing speciallydesigned astronaut suits that inflate and help maintain a constant flow of blood in the top half of the body.” To get prepared for the flight, there is a six-stage training programme. “I’ve already completed the first part: the L39 Albatross military-fighter-jet training. I even had a go at flying the jet myself.” This is pretty crucial, as

unlike other space tourism programmes, Kreil will actually be a co-pilot as opposed to just a passenger. He will even be given a call sign. “It may come down to what the sponsors want.” Later, he’ll be tested in both a centrifuge chamber (like the one in Moonraker) and a hybrid centrifuge, which includes a simulator, too. “This allows us to train for G-forces and the flight at the same time. We’ll also be undertaking altitude chamber training, weightlessness training on zero-gravity parabolic flights and a mission tactics course.” On the way back to earth, at approximately 10km above sea level, the pilot will execute a ‘pull out’ manoeuvre to lose speed, where again Kreil will be hitting above 4.5Gs. “To maintain blood supply to the top half of your body during these high-G stages, you have to tighten your leg muscles – this pushes blood into the upper body. If you don’t do this, you can risk passing out. We’ve already been training our bodies to take up to 6Gs without the astronaut suit. So by the time we fly, the

We’ve already been training our bodies to take up to 6Gs without the astronaut suit

speed and the G-forces shouldn’t be a problem to handle. The hairs on the back of my neck stand up even when I’m just talking about it.”

ROCKET MAN The spaceship is called the Lynx MKII, produced by the Californian aerospace company XCOR. “It really is ridiculously cool,” says Kreil. “It’s basically like a military fighter jet that has been modified to go into space.” The rocket engines are groundbreaking as they can be used up to 5,000 times. A normal rocket engine would just burn out and then have to be thrown away and replaced, but this revolutionary engineering means that space travel is now commercially viable. “What I love most about the spaceship is the cockpit canopy. The entire top half of the cockpit is transparent, like a huge viewing screen. So when I’m in space and looking down at earth, I won’t be looking through a tiny airline window. I’ll be able to see 270 degrees. When the shuttle goes upside down I will be looking right across the horizon of earth into space with undisturbed views.” The shuttle has to pass several hundred test flights with the Federal Aviation Authority (FAA) but Kreil remains hopeful: “I believe by the end of this year the shuttle will be complete and rolled out.”

TRADING SPACES A life-long fan of Kubrick’s 2001: A Space Odyssey (and Armageddon “for pure cheese”), did Kreil ever dream of space when he was on the trading floor? “To be honest, the most I dreamt about when I was working for investment banks was just getting a good night’s sleep. I never at all thought it would be possible to go into space as a civilian. But when I realised this was real and going to happen, it started to become an obsession.” The fact that one of the other 100 ‘Founder Astronauts’ of the SXC space programme is Victoria Secret model Doutzen Kroes is pure coincidence, of course. I had to ask him if at least a small part of him was doing it just so he could tell women he was an astronaut. “I can certainly see where you’re coming from. There are certainly women out there that do like a bit of adventure and danger but I’m not doing this for shallow reasons. I just want to make a bit of history and have some fun along the way.” And is there anything he’s nervous about? “Er, coming back?” ■ To follow Kreil’s escapades, go to If you fancy becoming an astronaut too, email Ralph Manheim on For a behindthe-scenes video of our photoshoot, download the new square mile iPad App from iTunes now.





City boy Geraint anderson on the hedge fund bear raids that exaCerbated the CrunCh and a system that’s beCome far too open to abuse. grrr...


ust months into my City career a friendly

trader educated me about the potential profits to be made from a nice bit of market manipulation. Over a quiet pint he told me of a ‘friend’ (almost certainly him) who had spread false take-over rumours about a crappy little pharmaceutical company whose shares had been festering on his books for weeks. The share price began to rise and, once Reuters had mysteriously been informed of this ‘likely development’, was soon rocketing. This seemed to confirm that something was up and the stock rose even further. Before you could say ‘fit and proper person’ this ‘friend’ had sold his £4m holding in the company


illustrations by tim bradford

This ‘pump and dump’ strategy was the order of the day – especially in the UK utilities sector

for a 13% profit – netting his firm over half a million pounds. I think it was just after hearing this story that I realised banking might be the career for me. Back in the late 1990s, the markets were rising and mergers and acquisitions were two-a-penny. Hence, this ‘pump and dump’ strategy was the order of the day – especially in the sector that I analysed: UK utilities. Barely a day went by without spurious nonsense being spread by a trader or fund manager who wanted to make a fast buck. Since a lot of the UK water and electricity companies were being gobbled up by foreign buyers these rumours seemed plausible and so financial journalists, desperate for a bit of gossip, were easily conned into spreading this contemptible horse manure. But this strategy had an evil cousin that only reared its ugly head when markets were weak and confidence low. This tactic was utilised by vicious psychopaths (who would happily sell their grandmothers) since it could, if properly executed, destroy a company. It was most certainly ‘the dark side of the force’ and was only discussed in hushed tones behind closed doors. I refer to the ‘bear raid’. ➤



Long-only funds looked on in despair but certain hedge funds could hardly contain their joy ➤ A bear raid is the mirror-image to the pumpand-dump gambit and subsequently became extremely popular about five years ago when markets began to falter and uncertainty began spreading. It generally begins with a bunch of dodgy hedge fund managers sitting around a bar discussing how to get even richer. Like a pride of lions selecting an injured wildebeest, they identify a weak company whose share price is teetering on a precipice. After numerous hasty trips to the toilet cubicles they feel confident they know which company is most susceptible to rumours of imminent bankruptcy and the next day they sell short shares in said company and begin to tell all


their City contacts that a profit warning is imminent. The shares begin to tank and, after Bloomberg and Reuters start spreading ‘the news’, a vicious circle begins that soon results in the share price falling quicker than Kerry Katona’s thong at a Chippendales party. Of course, the companies most vulnerable to this type of attack are banks. If a bank loses the confidence of the market then other banks won’t be willing to lend to it, which means it can’t lend cash, which obviously poses a bit of a problem when that’s how you make a living. Investment banks are particularly susceptible because no one is silly enough to trade with an insecure counter-party that may not be able to fulfil its obligations and no one wants advisory work off a firm that might not be there in a year’s time. A bank whose share price goes into freefall might therefore actually go bust which, of course, is the Holy Grail for any bear raid. There were a lot of rumours that dodgy hedge fund managers began undertaking bear raids on banks as soon as there was the first whiff of the sub-prime mortgage crisis. On 1 November 2007, Citigroup experienced large

spikes in short-selling and trading volume that many later viewed as a coordinated bear raid. The number of borrowed shares increased by approximately 130m to 3.8 times the threemonth moving average and many believed a cabal of hedgies, who were spreading false rumours about regulatory investigations, were behind the trades. However, appropriately enough it was Bear Stearns that was arguably the credit crunch’s first bear-raid victim. It was forced into an emergency sale in mid-March 2008 following a rapidly declining share price, that seems likely to have been exacerbated by a serious bout of coordinated short-selling. The demise of Bear Stearns led to the kind of insecure financial environment that further bear raids would thrive in. The culprits were also smart enough to make a massive multiple of any ensuing share price decline by using futures, options, and credit default swaps; instruments that were designed to hedge a position for someone who held the underlying stock but were generally abused by speculators wanting to make a quick buck. On 19 March 2008, a couple of days after Bear Stearns went down, shares in HBOS fell 17% in a few hours. I remember hearing a plausible but entirely spurious rumour that was swirling around the Square Mile that day involving the Governor of the Bank of England cancelling his Easter travel plans in order to resolve a liquidity problem at the bank. The FSA investigation into that situation later concluded that “the rumours contributed to the fall in the share price”, though they could not find any evidence of “a concerted attempt by individuals to profit by manipulating the share price.” But it’s almost impossible to identify the individuals who begin idle gossip and those who profit from a rumour-related share-price movement can always claim that they were just lucky or clever. Because virtually no-one ever gets convicted for market manipulation and City boys assess risk and reward 24/7, and thus it remains an attractive option for those after easy money. As 2008 progressed and the financial crisis grew ever more hideous, short-selling banks’ shares became the only game in town. Long-only funds looked on in despair as asset prices fell but certain hedge funds could hardly contain their joy at the millions they were making from the ensuing chaos. Understandably, this upset certain bank CEOs which is why Lehman’s lovely, understated boss Dick ‘the Gorilla’ Fuld declared to a startled assembly of his employees that “when I find a short seller, I want to tear his heart out and eat it before his eyes while he’s still


After recently sacked hot-shot City banker Bridget falls to her death, a group of friends blame her apparent suicide on her employer and plan to bring down the firm in revenge. They succeed – but find themselves mixed up in something darker and far more dangerous. In the compelling follow-up to the acclaimed thriller Just Business, Anderson uses his knowledge of the more sordid side of the City to create a world of decadence and corruption, where being loyal, or too trusting, is always a risk. ■ Payback Time is on sale now for £12.99.

alive”. Of course, it was convenient nonsense to blame Lehmans’ problems on short sellers. In reality, Lehmans had got itself into trouble by gearing itself up to a preposterous degree and exposing itself to worthless mortgages but there can be no doubt that its problems were exacerbated by ne’er-do-wells who wanted to make their trades against it a sure bet. It is these characters who the Archbishop of York, Dr John Sentamu, later called “bank robbers and asset strippers” and it was their actions that led to the controversial ban on shorting financial companies on both sides of the pond that was imposed in late 2008. I’m not claiming hedge fund managers created the credit crunch, the banks did, but I’ve got very little doubt they worsened it. Defensive hedgies point to the fact that often only a few percent of the failing banks’ equity was borrowed (a figure that reflects how much was being shorted) but such an amount can still have a significant downward impact on a share price, especially when futures, put options, and CDSs were also out there adding to the perception of imminent collapse. Indeed, I believe that Lehmans may not have failed if no one had been playing the bear raid game. When uncertainty abounds false rumours take on an added significance and small trades can tip the balance in the favour of the decisive. So, the bear raiders working away in late 2008 may just have been the straw that

broke the camel’s back and if Lehmans hadn’t gone bust then the credit crunch wouldn’t have entered the critical stage that saw the wheels of capitalism grind to a halt, making a global recession an inevitability. Jobs were lost, businesses went bust and homes were repossessed from San Francisco to Singapore partially because of a bunch of greed-mongers who didn’t care about the social implications of their get-rich-quick ‘investment strategy’. It was this analysis that led me to think about whether a bunch of City boys (and girls) could take down a reasonably healthy bank, even a few years after the worst of the credit crunch was over. It seemed to me that a bank with only minor problems could fall victim to a bear raid if the tactics were sophisticated enough. Hence, my latest book Payback Time considers what damage a bunch of university friends working in the City could do after they become convinced that their friend committed suicide as a result of being fired from her bank. Surely a regulator, a hedge fund manager, a financial journalist, a fund manager and a stockbroker working at said bank could bring it to its knees and earn a shed-load of money if they were smart enough? I think so. In fact, I genuinely believe that with the right insiders, a willingness to break about seven different laws and a vicious computer virus I could take about 15-20% off a mediumsized bank’s share price in a few days.

I have no doubt there are many cabals right now doing their damndest to bring down banks And if I’m right, there’s every chance that there are people out there wondering how they could exacerbate the current crisis to make a fast buck. Hell, I have no doubt that there are numerous cabals right now doing their damnedest to bring down banks and whole countries to make the Euro fail irrespective of the damage it causes society. Free and unfettered markets are one thing, but when a few greedy speculators are powerful enough to be able to successfully conspire to bring down multinational corporations and help create economic chaos, we’ve got to ask ourselves one question: has the current system become too open to abuse? Because there’s one thing that 12 years in the City convinced me of: if a system is open to abuse, then it will be abused. ■ Geraint Anderson’s third book ‘Payback Time’ (Headline, £12.99) is out now in paperback.



See the video on our ipad app


Excess All Areas Tyler shields has become hollywood’s hoTTesT phoTographer, exposing la’s beauTiful people in a way They’ve never been seen before. mark hedley explains how he’s done iT


ontroversy follows tyler Shields like a star-struck stalker. From photographing Lindsay Lohan covered in blood and brandishing a carving knife to Mischa Barton rubbing raw steak against her cheeks, Shields is certainly not afraid of controversy. In fact, he revels in it. He even convinced 25 celebrities to extract their own blood for one painting of a giant heart. So, who exactly is Tyler Shields, and how has he managed access to LA celebrities that Perez Hilton would give his right arm for? Well, initially by blagging. It all started, as all great careers surely do, with a rap video. Shields phoned up Ghostface Killah (no, I don’t know who he is either) and pitched himself as Hollywood’s hottest young talent. The truth was, he was 17 and had never shot a music video in his life. But Mr Killah and his colleague Trife gave the young Shields a chance – and it was the springboard he needed to take him to the forefront of US pop culture. ➤




fter gAining initiAl recognition as a videographer, Tyler began exploring still photography by snapping photos of his actor friends, upon their request. Thanks to MySpace (remember that?), his work was seen by a wider audience. In fact, one image has been viewed 157,000,000 times. OK, so it happened to be of two girls kissing, but I’m sure that’s just a coincidence. After a chance meeting with Lindsay Lohan in Cannes, followed by a lengthy Twitter chat, Shields had cracked his first A-lister. Lohan couldn’t have made a better match: an actress who courts publicity even more than he does. Shields recently incurred a barrage of controversy after a shoot with Heather Morris (who plays Britney S. Pears in Glee) went public, wherein she sports an artificial black eye. Accused of glamorising domestic violence, he received tens of thousands of death threats – including one teenager who said they wanted to tear out his guts and cook them. The irony wasn’t lost on him. Shields auctioned off three of the Morris photographs for $100,000 a piece and donated the proceeds to an abuse awareness charity. Shields certainly has an eye for the ladies – cheerleaders, in particular. Alongside Heather Morris, he has also shot Dianna Agron from Glee [pictured right] and worked with Hayden Panettiere, from Heroes. Check out a video of the latter on our new iPad App. We’d advise you watch it during some alone time. ➤






he Florida-born phoTographer, whose

first work comprised of filming his mates skating and “jumping off stuff”, has come quite some way. “I said to myself I’m going to do what no one else can do. I’m gonna hang upside down and off of bridges, dangle out of windows, set people on fire and go beyond anything of anybody that I know. So I started doing that and people were willing to come along with me.” There’s no doubt his success has come from pushing the boundaries: “People come to me because they want to do something different; they’re excited about doing something for the sake of art.” And if that something is stripping off, lying on a bed and being showered by £1m worth of £50 notes, then Tamara Ecclestone’s your girl. Shields’s work is often irreverent – demystifying celebrities and the exaggerated excess of their lifestyles. Rather than ridiculing, Shields gives these individuals the opportunity to take ownership of these visual quips – and come off all the better for it. ■

His latest exhibition, Mouthful, opened in LA last month – and the prints are available to buy from London gallery A Gallery. Prices start at £3,135 and go up to £12,500 for seven-foot prints.



The Financial Olympics Whether it’s for benevolence or breaching the laW, these bankers are going for gold, says Peter Cardwell


Discipline: Rogue TRaDing BRonze: (Jpn) ToshihiDe iguchi Toshihide Iguchi racked up £706m in losses involving 30,000 unauthorised trades over 11 years. Now, that’s perseverance. In fairness, he did try to ’fess up to his mistakes by writing a letter to the Daiwa Bank president, but was instructed to continue concealing the losses. He was banged up in a New York prison, where he shared gruel with a member of the Aryan Brotherhood, a Mafia hit man, a Hamas leader and members of the Latin Kings street gang. Nice company if you can get it.

silveR: (gBR) nick leeson The original British bad-boy trader, Nick Leeson brought down Barings in 1995 with losses of £827m. There was no trade he couldn’t take on – or take down – carefully concealing his and his team’s losses in the now infamous 88888 account. After surviving prison in Singapore and colon cancer, Leeson is, like many ‘athletes’, a favourite on the afterdinner speaking circuit. He was even CEO of Galway Football Club for a number of years before, presumably, realising he was as lucky with football as he was with the markets.

golD: (gha) kweku aDoBoli Whether young Adoboli bags the gold or not depends on the photo finish technology (please excuse the slightly torturous Olympic metaphor at this point). As Adoboli still professes his innocence, the result’s pending confirmation. The disgraced UBS trader Kweku Adoboli is accused of a £1.4bn fraud at the London offices of the Swiss banking giant. Initially Adoboli retained Nick Leeson’s solicitors (not at all suspicious), and is now on legal aid. He’s pleaded not guilty to two charges of fraud and of false accounting, and could be behind bars for 10 years if convicted. Plenty of time to polish that medal, then.

Discipline: long DisTance BRonze, (gBR) anThony BolTon

IllustratIon by adam larkum

Anthony Bolton is one of the UK’s best-known investment fund managers and most successful investors, having managed the Fidelity Special Situations fund from December 1979 to December 2007. Over this 28-year period the fund achieved annualised growth of 19.5%. OK, so his fund’s not going so swimmingly out in China – but buy in now while it’s cheap and we still think the boy’ll come good. You can take the man out of the City but you can’t take the City out of the man.

silveR: (gBR) paul killik Paul Killik has spent 42 years in stockbroking, starting at family firm Killik, Cassel Haley & Co in 1969. One of the City’s veteran figures, Killik was one of the first to champion equities for all. He was a pioneer of share shops, originally selling his wares in Debenhams, next to the bedding section, back in 1984. At the helm of Killik & Co since 1989, he’s recently diversified into Killik Employee Services, with eight FTSE 100 companies on board. A true City legend.

Discipline: DRinking BRonze: (usa) anonymous In 2005, an American fund manager ran up a £36,000 bar bill after announcing, “the drinks are on me”. The financier said he had been paid an “insane” bonus of more than $3m, so put his black card behind the bar at Baglioni Hotel’s Aviva bar in Kensington and told managers to allow customers whatever they wanted all night. They took him up on his offer, putting away 851 cocktails. He also left a healthy £3,000 tip for good measure.

golD: (gBR) DaviD Buik At 67, David Buik’s career has been a prolific one. In 1962, he’d just failed his A-Levels, when his father said how disappointed he was, and that the only option now was, regrettably, for him to go into a merchant bank. Over the next 50 years, he built up a sterling career, and to TV viewers during the credit crunch became one of the few voices willing to justify the City’s existence. He’s also unashamedly old school, writing once that he loves “curvaceous and buxom wenches of the highest quality”. Right there with you, David.

silveR: (gBR) six BankeRs aT BaRclays capiTal Second place on the podium goes to six Barclay Capital bankers who, in 2001, spent £44,000 on wine at one of Gordon Ramsay’s restaurants. Tragically, they left their posts the following year – or were sacked, depending on who you believe – as the City tried to present a more sober image. The bill included a £12,300 bottle of 1947 Petrus, and other wines at £11,600 and £9,400 respectively. Water, champagne, fruit juice and a couple of beers were a snip at £102. And the food was given to them free: not Gord’s usual choice of F word.

golD: (gBR) alex hope Britain excels again. Just when the financial industry can’t sink lower in the estimation of Joe Public, along comes 23-yearold currency trader Alex Hope, who reportedly spent more than £203,000 in a single night’s drinking. The bill included a 30-litre Midas bottle of Armand de Brignac, the world’s most expensive bottle of champagne (the 45kg bottle had to be carried by two waiters). In a touching gesture, 40 bottles of standard Armand de Brignac were also handed out to all the single ladies in the club, who might be less impressed to discover Hope is now under investigation by the FSA for unauthorised trading. The champagne’s on ice for now, then.

Discipline: chaRiTy BRonze: (gBR) ian wace Hedge fund hero Ian Wace is one of the founders of the children’s charity Absolute Return for Kids (ARK), alongside Paul Marshall and Arpad Busson. You may recognise him as the chap who walked with Wills and Kate on their first official outing after the wedding of the century – at the annual Ark Gala Dinner. Wace gave away £31.9m of his own hardearned cash last year alone – not including all the good work he did in raising funds for Ark. ➤



Silver: (GBr) lord rothSchild Lord Rothschild has played a prominent part in Arts philanthropy in Britain for more than 25 years. At the invitation of the Prime Minister, he was chairman of the Heritage Lottery Fund, responsible for distributing the proceeds of the National Lottery to the heritage sector. Last year he gave away more than £85m. He misses out on the top spot to Cooper-Hohn because, as a proportion of his total wealth (around £465m), it’s not quite up there on the generosity stakes.

Gold: (GBr) chriStopher cooper-hohn Last year, Christopher Cooper-Hohn gave away more than £72m. Given that he’s worth a mere £90m, that’s not bad going by anyone’s standards. What’s even more impressive is that this hedgie has now given away a total of more than £1bn since 2006. Much of the money went to the Children’s Investment Fund Foundation, which is headed by his wife, Jamie. Now that’s keeping it in the family. Unlike his approach to money.

diScipline: BonuS BAGGinG Bronze: (uSA) lAwrence M coSS Lawrence M Coss received a heck of a bonus in 1996. The CEO of the Green Tea Financial Corporation, which was later acquired by Conseco, received $69.5m that year, though he was later told to return a third of his original, higher bonus. This payment capped $65.1m the year before, and £28.5m in 1994. He retired in 1998. Presumably to count all that lovely lolly.

Silver: (uSA) lloyd BlAnkfein The Goldman Sachs supremo Lloyd Blankfein took home £68m in 2007 in restricted stock, options and cash, topping the £54m he was awarded the year before. It was, and is, the largest bonus ever given to a Wall Street CEO, though we should remember Blankfein is, as he told the Times in 2009, “doing God’s work”. We suspect Jesus wasn’t quite so well remunerated for a similar role, however...

Gold: (uSA) AdAM levinSon

Last year, Hohn gave away more than £72m to charity; not bad given that he’s worth £90m 072

Star trader Adam Levinson received a whopping £156m bonus from Fortress Investments in 2008. He was given the share grant by his employer as a sweetener to prevent him leaving for a competitor. The Detroit-born financier joined Fortress from Goldman Sachs in 2002. On being questioned on the size of the retention bonus, Levinson rebuffed, “I’m worth it”. Though, if it’s between him and Cheryl Cole, I know who I’d put my money on in a bathroom brawl.

diScipline: ponzi hiGh juMp Bronze: (uSA) toM petterS Tom Petters, [see this month’s Rogue Trader, p19], extended his business interests a little too creatively in 2010 when he orchestrated a $3.65bn Ponzi scheme. Petters’ victims included various hedge funds, pastors, missionaries and retirees, so it’s only fitting that it all ended with a 50-year stretch in a Minnesota jail. Presumably not the sort of Polaroid moment he wants to remember.

Silver: (uSA) Allen StAnford Allen Stanford doesn’t know how long he will face in prison as, at the time of writing, he is still to be sentenced. But, if Petters’ 50 years seems harsh, Stanford faces up to 230. As chairman of the Stanford Financial Group, he was charged in February 2009 with fraud and multiple violations of US security laws. The womanising 6ft 4in Texan banker was convicted in March on all charges except one. Stanford’s personal fortune was once valued at $2.2bn. Now it’s, well, not.

Gold: (uSA) Bernie MAdoff Running a fake investment firm while holding down a job as non-exec chairman of the Nasdaq was going really well for Bernie Madoff right up until the point he got caught. He now holds the record for the largest financial fraud in US history, with estimates hitting the $65bn mark. He is serving a 150-year prison sentence and has become a household name for all the wrong reasons. ■


e v o l f o r e Summ

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On the FInn class, In WhIch he saIls My World

Ben Ainslie: mAster And commAnder Multi-Olympic medallist and sailor Ben Ainslie on his transatlantic career and how he keeps his competitors over the barrel…

It’s a very tough, physical class – it really is one for the big guys. You’ve got to be big and strong to sail the boats, and some of the rule changes of the last four or five years have really opened up the physicality, so you have to work the boat incredibly hard. At times it’s not unlike a sport like rowing where the harder you can pump and rock the boat the quicker you’re going to go.

On hIs traInIng schedule There are three different phases to my training. There’s the endurance side, that’s mostly aerobic training like cycling. There’s weight training to get the body weight right – I’m always trying to put weight on, believe it or not. I’m quite small for the boat so I do a lot of weight training to keep the muscle mass on. And there’s specific weight training, which is really about being very powerful for a specific movement that we perform in the boat.

A lot of guys in the City earn a fortune so they can pay people like me to sail their boats… On OccasIOnally WIshIng he Was just an anOnymOus guy back dOWn In cOrnWall There are times when it gets a bit much, but I guess it’s part and parcel of what you have to do if you want to be a successful sailor. You have to accept that, and it is a sacrifice, but at the same time I’m really lucky to have the opportunity to do that. A lot of guys in the City earn a fortune so they can pay people like me to sail their boats around, so we all meet somewhere in the middle in the end.

On hIs OlympIc plans beyOnd lOndOn 2012


t’s hard even to contemplate the burden of

pressure weighing on sailor Ben Ainslie’s shoulders as he prepares to win a fourthsuccessive gold medal at his fifth successive games (he won a silver, aged 19, at his first). Ushered into a watch boutique in One New Change, flanked by a coterie of handlers, cameramen and assorted taggers-on, he looks like a man who copes well with the scrutiny, even if it doesn’t come as naturally as manning the 4.5m Finn dinghy in which he has recently become world champion for the sixth time. In a departure from our usual interview subjects from the world of luxury, we meet one of the world’s greatest living Olympians and find out about getting into gold-medal shape, switching to America’s Cup racing (the Formula 1 of sailing) and why he sometimes wishes he were just a regular family man.

On makIng the leap FrOm dInghy saIlIng tO amerIca’s cup racIng In a Laser or a Finn you’re sailing on your own, but the America’s Cup is all about teamwork; not only teamwork on the boat but designers, engineers and boat builders – over 100 people in total. It’s sailing’s version of Formula 1, with big teams, big budgets and a lot of politics, so totally different to dinghy sailing, but actually it’s nice to have been able to switch between the two and be refreshed in either sense. You definitely have to take a step back from the intensity of competing on your own, and that is part of teamwork; it’s about trusting people and having good communication. It’s a different challenge altogether.

We all have one eye on 2016 in Rio. But I’m not really thinking beyond that – my focus is solely on 2012. What happens after that, well, it’s hard to make those plans right now.

On gettIng On a bIt I’m 35 now, which is quite old for the Finn class – it’s getting really physical. I’ve had issues with my back, so I’m not sure whether my body could hold out for another four years at this intensity. I’m not going to say “you can shoot me if I get near a boat”, but there are other options. For example, there’s the two-man Star class and, if that stays in the Olympics, that might be an option for me. ■ Ben Ainslie is an official ambassador for Corum Timepieces. +41 32 9 670 670;

On the OlympIc saIlIng venue In WeymOuth

PhotograPh by Jesus renedo

I’ve been training there for the last couple of seasons, and a lot of the guys have been training down there for the last four or five years; it’s where we have one of our national sailing academies. That development has been taking place over a number of years, but as an Olympic venue it will be fantastic. The shore-side facilities are second to none and the sailing conditions make it a great course area to hold all the different classes in. Will the conditions suit me? Yes and no. You’ve got to be able to cope with all conditions, but personally I’d prefer some lighter winds, though if it’s windy I can perform in that too, as I have done previously.







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White Knight

AND Now the eND is here As she leaves the British Bankers’ Association, ANGELA KNIGHT explains how, when it comes to her career, she’s always done it her way…


s my term comes to an end at the British Bankers’ Association, let us, in true school prize-giving style, look back at our time together before singing the final hymn and going our separate ways. I have been working in and around the City since becoming a Treasury minister in the mid-1990s and, in that time, I have seen some things change, some stay remarkably the same and others come full circle. There are those who still believe that, for success in the City, you need to go to the right schools and the right university and know the right people. I think that’s outdated and that barriers are gradually coming down. In fact, I’m a prime example – if you consider being Chief Executive of the BBA a success. I went to the wrong schools – seven of them – and, although Bristol University is perfectly respectable, having a chemistry degree was a departure in the boardroom, where classicists and economists dominated. As for knowing the right people, coming from Sheffield was, until recently, more a novelty than an asset.

I have some final words of advice. Go for it. Don’t wait. Get in early. Finally, if all else fails, pour a large glass of red

There are more women in senior positions now. I accept there aren’t enough, but at least we have moved on from my school days. Then, career advice was deputed to some hapless junior gym mistress and her helpful guides to female employment, which ran from, ‘Susan becomes a secretary’, ‘Norah becomes a nurse’ to ‘Angela becomes an air hostess’. Clearly, I did not. But I was only the second female graduate taken on by Air Products, the large American industrial gas company. Then, nice girls didn’t do engineering. They didn’t join banks as anything other than cashiers, either. No one would consider treating young women that way today, so we see them coming through in financial services all over the Square Mile. But full equality takes time, as does a shift in how, as a society, we go about looking after our children, our elderly and frail. Caring can take a big chunk out of your working life. When my own children came along, I decided to fight for their future in politics – another arena where women are still outnumbered. First, I stood for Sheffield City Council, where inheriting my opera singing grandmother’s lungs, if not her voice, was useful when the boys tried to silence me by turning off the microphone. And then I became a member of parliament, where I was part of a new breed who was neither from London or a lawyer, echoing the kind of change that’s been going on in the City. It was then, for the first time, that I came in close contact with the world of financial services as a minister in Ken Clarkes’ Treasury team. It also meant that, when I lost my seat in the Conservative clear out in 1997, it was a natural move from the Treasury to the City – and a job at the Association of Private Client Investment Managers and Stockbrokers. I stayed for nine years before joining the British Bankers’ Association on April Fool’s Day 2007. At the time, the object was to get banking off the pink pages and onto the front pages. I don’t think this has been quite what those that hired me had in mind. I’d barely started when we had the run on Northern Rock. It was the second bank collapse of my career as I’d been at the Treasury when Barings went down. The key linking factors seemed to be me and the Permanent Secretary who had been the Chancellor’s private secretary first time round. Over that weekend, I found myself making the oddest of allegiances – with Bobby Robson no less – in defending the honour of the northeast and the banks.

Markets recovered. Then just, as they say, when you thought it was safe to get back in the water, along came AIG and Lehmans, HBOS and RBS, and a swathe of others across continental Europe. The industry made mistakes. But central banks, regulators and governments made mistakes, too. Many countries borrowed too much and spent too much. We continue to see the fallout today – economies have shrunk and there has been more regulatory change than anyone can remember. Bankers are not loved. The day Jesus drove the money-changers out of the temple set the tone. Banker-bashing has become as much part of British life as warm beer, cricket and chicken tikka masala. I wish my successor every success – he’s going to need all the energy my new members at Energy UK can deliver. I have some final words of advice: go for it and take a chance. Don’t wait. Get in early. And, finally, if all else fails, pour a large glass of red and shout “bugger the lot of them!” at the top of your voice. ■


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How we can save tHe UK economy Agustin LAroccA

on why micro and SMEs have the answer to pushing the UK economy towards a healthy recovery


ast year was a year of change in the United Kingdom. Against the backdrop of a failing economy, the government launched a ‘business growth package’ intended to stimulate growth in the vital small- and medium-sized enterprise sector. “British SMEs are already doing incredible things, but we urgently need more of them to follow that boldness,” said David Cameron as he launched the scheme, which included a £95m investment from the Regional Growth Fund. Expectations were that more than 4,000 jobs would be created, and £500m of new investment would be unlocked. For the most part, however, the banks have stayed out of it, attracting both strong and frequent criticism for failing to play their part in getting entrepreneurs and SMEs access to the funds they – and by extension the UK economy – desperately need. Of course, there are many other factors at play that have kept SMEs from flourishing in the current, staggering economy; issues such as unemployment, output, and inflation. But while SMEs must also take responsibility

Some SMEs have found tremendous success and generated new jobs as a result

for the successful running of their own businesses, as providers of products and services, at times they require assistance, be it from the government or from the banks. Many small business enterprises have found tremendous success in the UK market, so much so that the UK government was at one time developing a grant-funding programme to help ease the transition of products or services from the time they are developed to the time they go to market. This is clearly a great asset for SMEs, but the key question remains: where are these funds supposed to come from? International money intended for UK SMEs seems to be disappearing into the British banking system and, though many SMEs have found success, regular and honest business owners are suffering. Entrepreneurs who have remained faithful to their banks are treated as new customers when they return. Not only does this suggest that public funding is not making it into the right hands; but also that SMEs are suffering as a result. Both the domestic and international economies are failing, and the money that does make it to small and medium enterprises may not be working in their best interests. In spite of this, some SMEs have found tremendous success and generated new jobs as a result. One such success story is that of Medikidz, a UK-based company devoted to providing medical information for kids, which is thriving in the marketplace. As the first company to offer medical information for children, Medikidz has sold 1.7 million books in three years, and the company’s books have been sold in 44 countries, with a total of 48 titles published in 39 different languages. I founded Capital Shores in 2009 to help micro and SME businesses maximise their productivity, through streamlining many of the processes that smaller businesses can often find time-consuming and complex, such as cash-flow control and tax-efficiency measures. By focussing on efficiency, Capital Shores is changing the way micro and SMEs operate, allowing its clients the freedom to focus on expanding their businesses, rather than slowing them down with complicated financial reporting systems. SMEs have very different business priorities to blue-chip companies, and those differences have to be reflected in the way that

their financial systems are organised. Capital Shores understands that no two businesses are the same, and works closely with each client to understand exactly what is needed to guarantee that they have the best possible financial footing to expand their business on a global platform. Clearly, the government needs to do more to ensure the success of SMEs, making sure that start-ups have the means they need to continue to succeed. However, it is equally important that SMEs put into place best practices that allow them to flourish and grow. After all, it may be Britain’s smaller businesses that provide the economy with its best shot at returning to full health. ■ Agustin Larocca is founder of Capital Shores. For more information, please go to



MAyor’s Fund For london

vote of confidence required In the end, it is positive recognition and reinforcement that will encourage young people to make good, says CHRIS ROBINSON


am a huge Chelsea fan – have I mentioned that? Well, one ongoing saga this season has been the fluctuating fortunes of our £50m striker, Fernando Torres. The widely held view is that he struggled and lost his confidence. His body language seemed to support that view. Now, you may wonder how someone who has been so successful and who self-evidently is one of the best strikers in the world could lose confidence. It would suggest that being confident is a fragile thing when we are in extremis, including when performing at the highest level in whatever we do. When I interview someone for a job I, generally, want him or her to be confident. I want them to know who they are and what they are good at and what they are not. I want them to be able to look me in the eye and project themselves and express themselves. But I don’t want them to be arrogant. That is another fine line, perhaps. The Mayor’s Fund for London is interested in helping young people from disadvantaged backgrounds into decent jobs; we believe that

We get our confidence from other people. If we are told we have done well then our confidence builds 084

is the best route out of poverty. Consequently, I have listened to what employers say they want in young people who are presenting for a job, and, too often, I hear them say, “many young people can’t even look me in the eye during the interview.” It makes me wonder where confidence comes from in the first place. For most of us, we get our confidence from how other people treat us. If we are told we have done well, or are given the impression that we are worth something, then our confidence builds. But we get our lack of confidence from others, too. If continually told we are useless then we probably will be. The media rarely shows positive images of young people – particularly working-class young people. If they are photographed they are usually ‘hoodies’. David Cameron told us to “hug a hoodie”, as I recall. Why would we? Our media creates demons of our young people and then our Prime Minister uses the same negative term when trying to overcome it. My teenage sons wear hoodies, yet they are not ‘hoodies’. At school, we set up a curriculum still orientated hugely towards the apparent academic requirements of universities for certain types of courses. Not surprisingly, it does not suit everyone but then we hammer them for it. We brand them ‘problem children’ and wonder why they become disaffected.

At home – and parental support is the most important interaction of them all in terms of developing confidence – it is vital that children get positive parenting. Years ago I had a very unruly and crazy young labrador called Charley. He was a huge yellow lab, a total pig and a complete hooligan, so I thought I should try to train him a bit. The dog trainer explained to me that dogs only learn from positive reinforcement, not negative; if you praise what they do right, they will do it some more. I began trying this with Charley. It occurred to me that raising children was much the same. I tried this approach with the Robinson tribe. Difficult as it can be, and notwithstanding the times when you just have to say “no, that is not acceptable”, I have adopted the line that encouraging the good stuff is the best approach. It seems to work. I am not saying we should ignore bad behaviour or accept it, I am saying that our children need to be told they are loved every day and be given confidence and aspirations. We do that by giving them time and attention and focusing on the positive – telling them when they do well and what is good about it. As for Charley? Well, I don’t know how much he learned. But he had a long and happy life and was much loved, particularly by me. I think he knew that, too. ■

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dividends motors wine travel golf

. . . . .

090 092 097 100 117

Driving you rounD the bentley . 92

dividends lamborghini

cut down to size

If you thought the Lamborghini Aventador was something dreams are made of, you’ll love the speedster version, says Jon Hawkins



lamborghini aventador j If only everything in life were as simple as Lamborghini’s approach to creating the Aventador J. Take something great, chop a bit of it off and, hey presto, you’ve made something even better. In this case, that meant decapitating the ‘regular’ Aventador. Though, in fact, that’s not strictly true because the J only shares a handful of body panels with the coupé, and gains a beefed-up rear diffuser, a swoopy carbon-fibre spoiler and exhaust pipes that appear to have been borrowed from a Saturn 5 rocket. If you’re interested in buying it, sadly you’re out of luck: only one will ever be made and it’s already been sold, for an eye-watering £1.75m plus taxes. ■

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Bentley Mulsanne EnginE

6.75ltr V8











Motors Bentley

league of gentlemen Mark Hedley seals himself in the impeccable Bentley Mulsanne

and discovers that its noble manner soon wears off on him. Almost


’ve decIded It’s time to change the way we drive. You may consider that being stuck in an exasperating two-hour, Friday-night tailback on the North Circular would not be the most likely scenario in which to have such an epiphany. But it wasn’t where I was that lead to it; rather what I was in. If I had been driving my own car, I’d have been banging the steering wheel in frustration, blaspheming at anyone who dared leave more than a two-inch gap between their own vehicle

and the car ahead, and generally emulating Basil Fawlty on an angry day. But I wasn’t in my own car; I was in a Bentley Mulsanne. Life is more serene, more refined, when in a Bentley. And it makes you want to drive in a way that reflects this. In his excellent new book The Gentleman’s Guide to Motoring, Vic Darkwood, co-founder of The Chap, bemoans the loss of the golden age of driving: “Just because most contemporary car design has all the aesthetic finesse of your average vacuum ➤



➤ cleaner and the majority of our fellow roadusers often exhibit behaviour no better than slavering beasts, it doesn’t mean that those of an independent frame of mind, poetry in their soul and vim in their trousers, can’t take a bash at reclaiming the whole adventure of motoring as the sanctified mission of the gentleman.” Basically, stop driving like a bunch of pricks. Step one: buy a Bentley. From the moment the door closes, with the reassuring thud of a Döttling safe, you’re sealed within a cathedral-like silence. It’s as if you’re in some holy place: a shrine to driving. With acres of glossy walnut-burr veneer and a field of deep-pile carpet, it’s a beautiful place just to be, let alone drive. To paraphrase Edmund Blackadder, it’s a car in which you can laugh in the face of traffic jams and tweak the nose of road rage. I’m not usually one for listening to classical music. But then, I’m also not usually one for driving a Bentley. When in the Mulsanne, it just feels like the right thing to do. Especially considering the 1,100W Naim stereo with which you have to play. This £5,000 kit would impress in a 1,000sq-ft living room – but in the cabin of the Bentley, it’s breathtaking. Sitting back in the diamond-quilted leather, as rich

I did wheelspin once, then chastised myself; that’s not what a Bentley driver would do, is it? 094

and soft as foie gras, listening to Delibes’s flower duet from Lakmé, it’s a bit like being in an advert for British Airways First Class. There are even tray tables mounted on the back of the front seats. The only thing missing is an air hostess. (Although, if you opt to use Bentley’s Mulliner styling service to customise your Mulsanne, who knows what would be possible?) As it happens, at more than 18ft long and 6ft wide, the Mulsanne is not that much smaller than a Boeing 747. And the engine is pretty jumbo, too. You’d have thought that a 6.75-litre V8 might be able to cope all right on its own, but good ol’ Bentley has thrown in a couple of turbo chargers just to be on the safe side. The result is 505bhp and enough torque to take on a tractor. The whisper-silent V8 only pipes up when you give it some welly – and you’ll certainly feel it: the revs reverberate through your foot and rattle your rib cage. Fortunately, the chunky rear wheels – suited and booted in polished 21-inch alloys – cope admirably. I did manage a bit of wheelspin once, then immediately chastised myself; that’s not what a Mulsanne driver would do, after all. In fact, as my wife will attest, the only thing better than driving it is being driven in it. The heated seats; the TV screens; the champagne cooler hidden in the arm rest; the detachable tumbler holders snuggly stored in their own draw: all these little touches add up to a unique passenger experience – one with which few cars could compete. Details have always been one of Bentley’s strong suits. Its signature Clos de Paris guilloche work is everywhere – inside the door handles, on the back of the paddle shifters,

around the stereo knobs, and even inverted on the key fob. And the flying Bs also make a fair few appearances – on the sat-nav panel, on the engine cover, and even on the brake pedal. As for the external aesthetics, they’re definitely unapologetic; it has real presence. It’s also managed to echo Bentleys of old while still embracing enough modern flair not to look slavishly retro. It’s worth noting that it’s much better looking in real life than in the photos. It definitely seems to provoke a reaction from the great unwashed. One minibus of young men decided the best way to show their appreciation for the car’s flowing curves was by showing us some of their own, er, flowing curves – in areas upon which I’d rather not dwell. On another occasion, a group of teenage school children stopped their game of football and began applauding. One kindly fellow even seemed to gesticulate in some type of royal wave comprising of two separated fingers – perhaps Masonic? – but I can’t say that was definitely directed at us. As for the driver? I was like a pig in shit. OK, that’s definitely not what a gentlemanly driver of a Bentley should say. But it’s true. And beyond the Mulsanne’s obvious charms, I had also become a better driver. Somehow its class rubs off on you. It’s a car for a different type of driver – and a different time. Back in 1926, a year after Bentley Boy Woolf Barnato bought the company and created the iconic Bentley Blower, L.V.E. Smith wrote the book How To Drive A Car Correctly. “Drive always with courtesy,” he advised. “A car driver would not think of eating his meals like an uncouth savage, and yet many have manners when at the wheel which are despicable.” If you decide to buy one, please remember that the only thing worse than a bad driver is a bad driver in a good car. ■

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Wine Bordeaux

1998: The Year ThaT was The 1998 vintage was a tale of two crops in Bordeaux, one where the right bank won. Mark Hedley raises a glass to the underdog…


PhotograPh by Chris o’Donovan

With other vintages vying for your attention, 1998 has not had the credit it deserves…

t’s far too easy to overlook 1998. No, I’m

not referring to B*witched, Lethal Weapon 4 or the Sega Dreamcast. Those three are best left forgotten. I’m talking about claret. With so many other headline-grabbing Bordeaux vintages vying for your attention (and your wallet), 1998 has perhaps not had the credit it deserves, especially if you know where to look. European Fine Wines specialises in hunting down the best booze for your buck – whether it’s for shrewd investment or drinking right now. Call me short-sighted (especially after several hours of wine tasting), but I’m definitely more interested in the latter. Which is just as well, as 1998’s crop of first growths have just woken up and are drinking brilliantly right now. Take Château Haut Brion [pictured left]. With 2011 trading at around £316 a bottle en primeur, 1998 seems mighty attractive at £330 a bottle (£3,975 a case from EFW). And it will certainly look more impressive around the dinner table. So, how come it’s such a relative steal? Well, 1998 was a tale of two summers. In Pomerol, Graves and Saint-Émilion the sun shone and all was well with the world. But in the mighty Médoc, the late-ripening cabernet sauvignon suffered from an autumnal wash out. Along with the left-bank chateaux’s big names come big sway; they have considerable influence over the pricing of a vintage. This means good news for right-bank lovers. Our favourites were the lush Ch L’Eglise Clinet (£230 a bottle) – even its second growth, La Petite Eglise raised several eyebrows – and the velvet classic Ch Cheval Blanc (£4,200 a case). Representing the Graves’s great and good was the aforementioned Haut Brion. As consistent as any claret (I can’t remember tasting a dud), it didn’t disappoint – its vanilla and sherbert sweetness balanced by just the right amount of acidity. The tasting was capped off by the ever humbling Ch d’Yquem. Well, that’s not totally true – it was actually finished off with a pint of bitter around the corner. But I’m pretty sure the Yquem will last longer in my memory. ■ 020 3236 0100;

CLARET CLARITY Jancis Robinson

in a month when ch Pontet-canet 2011 at £720 a dozen bottles is being hailed as ‘a bargain’, i think it is worth reminding ourselves what genuine value there is at the bottom end of the bordeaux status ladder. You don’t even have to desert blue-chip wine merchants to find really delicious wine available for a song. and, in the case of ch Peyrat 2004 côtes de castillon, it is a fully mature wine benefiting from six or seven years’ bottle age. This is a second wine produced in Paul Valade’s well-equipped winery in belvèsde-castillon, east of st-Émilion, and is far from the only evidence of just how good this land can be. Justerini & brooks have been relying on him to supply ch La Grande Maye for years. i loved its rather mineral-like (iron, bloody meat) bouquet and its lovely core of fully ripe fruit (which contrasts favourably with some 2011s). i’d say it’s at its peak now and i’d drink it over the next three years or so. at £45 a dozen in bond, that translates into just £6.78 a bottle according to J&b. another bordeaux bargain can be found in ch barreyres 2009 Haut-Médoc: one of an army of delicious cru bourgeois 2009s. sainsbury’s is selling this wine for £11.49 in 136 of its leading stores. check out our tasting notes online. ■



Olympics EntErtainmEnt

CITY sKIVIng: LeT The games begIn From al fresco screens in Broadgate to underground hideaways in Bank, Pete SimPSon scouts out the best venues in the City for holding all those essential ‘competitive performance reviews’ this summer

CORNEY & BARROW While most bars are bringing in extra flatscreens for the games, at Corney & Barrow Broadgate Circle you can take advantage of the giant screen. The glass-walled bar overlooks the public amphitheatre and pitching up inside is probably more comfortable than taking a seat on the stone steps below. A perfect pit stop for ‘just the one’ if you are pushed for time or, if time is not of the essence, then take advantage of one of Corney & Barrow’s gold, silver, or bronze hospitality packages offering a varying scale of refreshments. It’s a great opportunity to experience the atmosphere outside without being down among the grubby throng of people, getting elbowed in the back and struggling to see above the six-foot-six idiot in front of you.



PhotograPh (Broadgate Circle) by © tanya Nagar / Demotix/Demotix/Corbis

the influx of tourists this summer is likely to make attempting to view the games as pleasurable as slamming your hand in a car door, repeatedly. if that doesn’t sound too appealing, the retreat at the Brewery is offering luxury hospitality without the crowd worries. this pop-up private members’ club will offer multiple rooms screening the events: you can watch the discus in the Diner; the cycling in the cinema; or the pole vault in the park. a 17-day membership at the retreat lets you do as much or as little as you like and supplies unlimited selected food and drink, as well as live music to enjoy alongside the games. more importantly, the exclusivity prevents getting to the bar becoming a fight to the death.

Not only are Eight’s Bank and Moorgate clubs excellent places in which to do business, they’re also perfect venues in which to pretend to do business. During the Olympics, they will be bringing in larger plasma screens to beef up their coverage, as well as a projector for the lounge at Eight Club Bank; and, whenever it isn’t booked out for a private event, you’ll be able to watch the athletes run, swim and jump as you sit back and guzzle popcorn in the cinema.


travel switzerland

Up hill and down stream

Former Olympic skier Graham Bell takes the rough with the smooth as he bikes up mountains and rafts the waters in Switzerland




e all knoW things in Switzerland just

work. The trains run with military precision, no one would ever dream of breaking the speed limit and they make watches almost as well as they do chocolate. But, for me, Switzerland is more than that. It’s about the beauty and purity of the mountains – and not just in winter when they are covered in snow. The mountains in summer offer so much more variety than sliding down them on two planks of wood. This, coming from a dyedin-the-wool skier, is quite a statement. The British love affair with the Swiss mountains started primarily as an escape from the smog of Victorian London. Without the need of a cure for consumption, I was in search of more modern and exciting mountain activities. So I travelled to the Graubünden region of Switzerland and headed to the picturesque resort of Flims. Whereas the Victorians just visited for the fresh air, I would be sampling the pure mountain water too – and discovering a new way of getting about. It would be a week of wheels and water. The story of Flims and its neighbouring resort Laax actually started 10,000 years BC. As the ice age glaciers receded, one massive chunk of rock – the size of a mountain – decided to break loose and slide, completely blocking the valley below. The river flowing out of the glacier then started the slow process of carving its way through the limestone blockage. Geology lesson over: what was left behind is a beautiful mountain plateau that sits above what is now known as the Swiss Grand Canyon. Sitting on the Flims plateau is a series of beautiful mountain lakes in seemingly magical shades of blue, green and turquoise. The Swiss are always on the look out for ways of making life efficient and easy for visitors. In Flims they recognise that not everyone has the energy or leg power to get around the many mountain-biking trails that lead to wonderful views of the lakes, across the valley and down into the canyon. I met up with local mountain-bike guide Christian Suter, who introduced me to the concept of electrobicycles or e-bikes; every push of the pedal is matched by the electric motor, making riding uphill about 50% easier. Initially skeptical of the idea – as I am in training for an Ironman Triathlon – I soon began to appreciate the extra help. It’s surprising just how much power is in these bikes. Suter even said that while he was out mountain biking the good old fashioned way, he was overtaken by a rather out of shape German on an e-bike. Our destination was Lake Cresta, surrounded by trees that give the water a beautiful green hue. Now, if you have ever

been brave enough to swim in a mountain lake, you will know that the icy cold mountain rivers feeding most of them keep the water rather chilly. What makes the lakes in Flims unique is that they are linked by of a system of underground rivers, which means the water is surprisingly warm. As I dived in I was amazed at the difference to the icy plunges that I am used to while filming for the BBC – diving under ice in the Southern Alps and skinny dipping into icy waters in Sweden (much to the amusement of Simon Le Bon, who had just beaten me in the ice sailing). The largest of the three lakes that are open for swimming is the Caumasee; on a warm summers day I defy anyone not to want to take a dip, and swim over to the island and bask on the rocks in the sun. The shimmering water of the lake with its myriad azure shades, surrounded by the emerald trees, makes this one of the most beautiful places I have ever visited. The water has a clarity that not only would be the envy of any British water authority, but also allows you to see the wonderful rock formations on the lakebed. Later in the week I met up with Suter again to try out the new downhill mountain biking route, called the Runca trail. Again, the Swiss have found a way to make life easy for you. This isn’t mountain biking as we know it, the whole lower section of the trail is a wooden construction, built to be ridden on without need for a full-suspension mountain bike and is great fun to ride. Indeed we would be riding on hard-tail cross-country bikes and our route up gave us a chance to admire the spectacular scenery, while we caught our breath. The chair lift was running for those who had the heavier downhill mountain bikes, which would have been impossible to ride uphill. On our way up we passed the start point for the Flims Via Ferrata, a metal staircase that allows you to climb the cliff while safely harnessed to a sturdy wire. According to Suter, the Via Ferrata was constructed by a local farmer in the 1800s to access a tiny pasture midway up the rock face. Apparently, it supplied enough hay to feed one cow for ➤

As the Ice Age glaciers receded, one massive chunk of rock fell, completely blocking the valley below 101


➤ the winter. Later, with the birth of tourism, this same farmer put white rabbits into the pasture and charged those brave enough to climb to it. Unfortunately his business plan did not work as the eagles ate most of the rabbits. After a tough but exhilarating day in the saddle, it was time to sample the waters again but, this time, in the luxury spa of the Hotel Waldhaus. After relaxing in the sauna and steam room, I plunged into the cold pool where I swam with the fishes, not as the Godfather would have it, but in the outdoor pool that is also home to a pair of Koi carp. There are many excellent restaurants in the Flims/Laax area, but one of the most interesting is the Grandis Ustria da Vin in Laax’s rocksresort. I turned up on my mountain bike, straight from the spa, but when I walked in and saw the huge display of wines, I knew that the ride home was going


to keep any active family entertained: rock climbing, golf, a high-wire route in the trees and the indoor Freestyle Academy, which is perfect for any budding skier, snowboarder or skateboarder to practice their tricks with the safety of landing in a foam pit. I’m sure I’ll come back to the region when the snow has fallen – cycling and swimming is one thing, but you can’t really know a mountain until you’ve skied it too. ■ A Swiss rail transfer ticket from Zurich Airport to Flims (return) starts from £34; go to to book. Return flights from London City to Zurich start from £127 with SWISS at For more information on Graubünden visit:

photographs by Daniel taylor

He seemed to steer us to the biggest, roughest rapids in the river in an attempt to make us fall out of the boat

to be a wobbly one. The wines ranged from excellent home-grown Swiss wines, to French, Austrian and Italian, and as I walked through the displays, I made a note of which bottle I would like. Wine noted, I was then seated and presented with the menu to choose the food. It was a tough choice between steak or going for the excellent Swiss raclette, but given the exertions of the day, the steak won out. My final date with water was a whitewater rafting trip down the tributary of the Rhine, known as the Vorderrhein. This is the aforementioned river – still carving its meandering course through the ancient rockslide. If you’ve not rafted before you need to know that you will get wet – very wet. Our guide, Oscar Castillo, was originally from Costa Rica and had learned his rafting skills in California where the water was considerably warmer. Luckily wetsuits and spray jackets were provided. Castillo was a bit of a loose cannon, having instructed us on what to do if we fell out of the boat, he then seemed to steer us to the biggest, roughest rapids in the river in an attempt to ensure we would fall out of the boat. The ride was awesome. The towering white limestone mountains above the canyon and the tumbling turquoise water make the most amazing backdrop to a nail-biting, stomach-lurching adventure, which for me is the most perfect way to spend a holiday. The other summer activities in the area are enough

travel greece

Get me to the Greek The Greek resort of Costa Navarino, to be exact, where guests relax or explore, with an olive (or drink) in hand, says Kathryn Liston


isiting the eminently swanky Costa Navarino resort, I quickly discover there is more to the humble olive than a dirty Martini. Although there are several sophisticated bars at the resort in which to sip a cocktail, there is no getting away from Greece’s iconic olive. I found it everywhere: olive leaf-shaped soap in my fabulous suite, sickly-sweet olive preserves with honey, funky tables with twisted olive-wood legs and even the oleotherapy massage I enjoyed at the amazing Anazoe Spa. So precious are they to unspoilt Messinia [pictured] in the south-west Peloponnese, that 1,600 olive trees and 8,000 citrus trees had to be replanted during the resort’s development, along with 6,000 new indigenous trees and 200,000 endemic shrubs – the largest programme of its type in Europe. Twenty-five years in the making, this resort, which prides itself on its sustainability practices, is the result of one man’s vision: shipping magnate Vassilis Constantakopoulos (try saying that after a few dirty martinis), an ardent environmentalist and native of Messinia, identified four areas he wanted to develop and began buying land in 1982, often paying over the odds for it. The first phase, Navarino Dunes, opened in 2010, just as Greece faced a devastating debt crisis, although judging by the weekend queues at the breakfast buffet many Greek families appear to be unaffected by the EU-imposed austerity measures. As a tourist, you will be affected by the recent tax rises, however. Vat has just risen to 23% and, if you hire a car to explore this fascinating area, petrol now costs a whacking

It boasts two hotels, one of which made it onto Condé Nast’s 2011 Hot List in its first year 104

€1.79 a litre, compared to around €1.46 in southern Spain. Despite press reports of restaurants and hotels cutting prices this summer, activities at this ultra-luxury resort require cash – and lots of it. The sheer scale and design of the resort are impressive with 90% of the land area dedicated to planted greenery. It boasts two ultra-luxury hotels – the Romanos, a Luxury Collection Resort which made it onto Condé Nast Traveller’s 2011 Hot List in its first year, and the Starwood-managed Westin – plus two championship golf courses, 20 restaurants, 15 designer shops, an elegant spa and every sport and activity you can ever hope to do in one lifetime. There’s even a research station, set up in conjunction with Stockholm University and Cornell, to study climate change, plus an educational visitor centre on-site.

ACCOmmODAtiOn Inspired by local Messinian mansions, the hotels’ low-rise villas are built in clusters of honey-coloured local stone. The orientation of buildings optimises the use of sunlight and free-standing open roofs allow circulation of air to reduce energy consumption. I loved the natural-stone tiles and marble bathroom of my suite, with its contemporary sink and bath tub and pebble-design walls in the walk-in shower. Solid-wood floors, 250-thread-count sheets, two large flat-screen TVs, Nespresso machine and a private infinity pool added to the luxury experience. Despite the opening hype, Costa Navarino is not yet on every A-lister’s radar. You are more likely to bump into Russian tycoons than Hollywood stars, although recent guests have included Arsenal’s Lukas Podolski and actor John Cleese, who was making a film nearby.

FOOD My favourite restaurant was the traditional Greek coffee house, Kafenio & Deli, which served large platters of barbecued meat. Da Luigi is a great Italian or there’s authentic Asian at Inbi and Lebanese at Nargile. ➤




holding out an olive branch: (clockwise from top) a guest opts to take their massage outdoors, in the spa pavilion; the Westin lit up at night surrounded by olive trees; the cavernous lobby of the Westin that greets you on your arrival

Bernhard Langer, or the Robert-Trent-JonesII-designed Bay course. The Dunes is more challenging than the Bay, I’m told, but what the latter lacks in difficulty, it more than makes up for in vast oceanic visuals. Far less energetic was the hour-long philosophical walk I did with Dr Eleni Volonaki, who teaches philosophy at the Peloponnese University. The walk was metaphorical rather than physical, our wanderings taking us through the origins of democracy and justice from Socrates in 500 BC, while sitting in the shade of – you’ve guessed it – an olive tree. Wind forward 2,500 years and the philosopher would be amazed at the pace of change. Three more luxury resorts are on the cards: Navarino Bay, a Banyan Tree all-pool villa; Navarino Hills; Navarino Blue; plus two more golf courses. Socrates would be both shaken and stirred. ■ A deluxe Infinity suite with private pool at The Westin Resort starts from €510 (approximately £399) per night. Packages are available from Abercrombie & Kent, Kuoni, Western & Oriental and Thomas Cook.

➤ If you’ve energetic kids in tow, the 1960s American Diner with its three-lane bowling alley is a great place for a burger, Greekstyle – hold the olives, please! Fitness addicts wanting to cut the carbs should try the Omega restaurant’s oil-rich menu (open from June to September). Pop into the ice-cream parlour afterwards and try whacky flavours such as mastic pink pepper or fig and lemongrass.

ACTIVITIES Afterwards, work off all that gorgeous food with mountain biking, hiking, tennis, squash or basketball or opt for a cool swim off the deserted 1.5km beach, frequented by nesting sea turtles. Speed merchants may prefer to take a test drive in one of the hotel’s BMWs or cut the pace and explore the coastline on a luxury yacht. The bike store offers an impressive selection of road and Scott mountain bikes – even a tandem – plus a weekly programme of guided and self-guided treks using a GPS. I joined Dutchman John for the Kalamari

If you’ve kids in tow, the 1960s Diner, with its bowling alley, is a great place for a burger 106

Waterfall ride via the Gialova Lagoon, home to 270 species of bird including the rare African chameleon, where water lapped at our pedals as we skirted the water’s edge. Our 25km ride was mainly off road along dusty, bumpy tracks through shady olive groves with only one really steep ascent. The climb to a quaint church was definitely worth it for the fabulous coastline views that greeted us on our arrival. There are plenty of steep hills for riders who really want to get their hearts pumping, plus longer rides to ancient Olympia (776 BC), cradle of the Olympic Games; the fortresses of Pylos (369BC), Methoni and Koroni; Neolithic settlements; Mycenaean palaces; Byzantine churches; and medieval castles. After the ride, I headed over to the 4,000-metre spa for a healing oleotherapy massage. The method is based on local practices inscribed on clay tablets discovered at the nearby Palace of Nestor. My masseuse, Marina, assesses my body type as “winter” and proceeds to stretch out my limbs, relieving my tired muscles with hot stones and a deep tissue massage using olive oil and St John’s Wort extract. The spa offers a range of heat experiences, light therapies, floating pools, ice-grotto rooms, herbal saunas and mist showers. There’s also a package specially designed for golfers to fit around their time on the fairway. With so much on offer, I didn’t get a chance to play either the 18-hole Dunes course, designed by former Ryder Cup captain Aegean Airways from London Heathrow to Kalamata via Athens (30-minute flight from Athens, 30-minute transfer to resort). Aegean Airlines carries golf bags free of charge.

Be Special Be DeStineD for BaroS

For nearly 40 years, we have been dedicated to one single goal: making you happy! You are special to us; we know you by name, not villa number. We are delighted to have you staying with us so we can attend to your desires and make your holiday special too. Come to Baros to celebrate the best there is; discover the Essence of the Maldives, and the holiday of your dreams! . Baros Maldives is a small exclusive coral island in the Indian Ocean ringed by a sun-kissed beach and a vibrant house-reef. The awardwinning boutique luxury resort is proud of a long and outstanding history of service excellence. Awards include the Traveller‘s Choice by TripAdvisor in 2012 and 2011 as one of the Top Ten Hotels in Asia, and in 2010 as the Best Luxury Resort in Asia.


colours of


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Travel Greece

A Greek Odyssey: fOOd fOr the GOds Think Greek cuisine is all moussakas and Metaxa? Think again; one luxury resort in Chalkidiki celebrates the country’s finest chefs with an annual gourmet festival. Laura MiLLar dines out, Greek-style…


PhotograPhs by heinz troll

’m havIng dInner in a Greek restaurant, in a Greek resort, in the deeply traditional sunburned-Brits-abroad destination of Chalkidiki, but there is nary a smashed plate, kebab, nor drop of Ouzo in sight. Instead, I am sat at an elegant table set with silver flatware, linen napery and crystal wine glasses, about to embark on a seven-course tasting menu showcasing the culinary craft of one of the country’s foremost Michelin-starred chefs. This is day one of the Sani Gourmet Festival: a ten-day celebration of the best of Greek cuisine. Currently in its seventh year, it’s held every spring at the five-star Sani Resort, which comprises four different luxuriouslyappointed properties (all renovated annually to maintain their first-class interiors), spread over 1,000 secluded acres on the southernmost tip of the Kassandra peninsula. As an upmarket retreat, it’s got everything you’d expect

and more: golden sandy beaches lining an aquamarine Aegean sea, a smorgasbord of water sports and spa treatments, and a village of designer boutiques lining its picturesque marina. In short, it’s a holiday camp that doesn’t feel like a holiday camp. This is where the stealthily wealthy from the UK, Russia, America and Eastern Europe come to unwind, and it shows in the immaculate service and attention to detail. While the resort has 11 different restaurants scattered throughout its manicured landscape – many of them of an impeccably high standard – it doesn’t automatically seem like the kind of place in-the-know foodies flock to, year after year. But the resort’s owner, the charismatic (and somewhat improbably named) Dr Andreas Andreadis, is adamant that Sani is building itself a national, if not yet global, reputation as a moveable feast. For

the past two years, the Festival has focussed purely on homegrown cuisine, spearheaded by Greek chefs. Previously, they have welcomed chefs from all over Europe and beyond but, as Dr Andreadis has it, “these are difficult times for our economy, and we want to help as much as possible.” This has led to the ‘100-mile practice’ – every chef who attends, and who puts together his signature menu, will use only local produce from within a 100-mile radius. ➤

The stealthily wealthy come here to unwind, and it shows in the immaculate service 109


➤ I have long been an aficionado of Greek food, but I have only ever seen it at its most rustic and hearty; for me, not much can beat a fresh, mouth-watering Greek salad, made with sun-ripened tomatoes, slices of crunchy cucumber, shards of red onion, Kalamata olives dark as night and salty-sour feta cheese, liberally doused with really good extra virgin olive oil; or a tasty gyro, its chargrilled cubes of chicken slathered in tzatziki and wrapped in a hot, chewy, freshly-baked pitta. So I was intrigued to sample, over four days, three very different tasting menus from three highlylauded restaurateurs (in total, fifteen chefs participated this year). The first took place at Water restaurant [pictured on previous page], situated within the resort’s boutique property, the Sani Asterias Suites. This property has only 48 beautifullyappointed rooms, and is the one to stay in if you’re looking for a more romantic experience. But even if you’re not staying here, you can still reserve a place for dinner, including when the Festival is on. Water is perched on the edge of the marina, and its outdoor bar overlooks the twinkling lights of the bobbing boats and yachts moored outside. Following a pre-dinner kir royale, it was time to settle down to the main event: seven different courses, paired with wines, cooked by Michelin-starred chef Lefteris Lazarou. A jolly giant of a man, Lazarou’s philosophy is ‘twists on traditional flavours’. His Athens restaurant, Varoulko, is a must-book destination, and I was intrigued, after reading the menu, to see just what lay in store. What on earth, for example, was ‘traditional kayanas in egg nest’? And exactly what would ‘onion soup, dried apricots, garlic bread croutons, Metsovo parmesan’ actually taste like? I needn’t have worried. Lazarou’s cooking had a deftness of touch and a depth of flavour that was unexpected and which felt, appropriately enough, almost mythical. Dishes were presented in a clean, modern style (the ‘traditional kayanas’ turned out to be a tomato and truffle-infused creamy egg mousse spiked with chunks of smoked eel, served in an eggshell), and used sometimes

The cooking had a deftness of touch and a depth of flavour that bordered on mythical 110

it’s all greek to me: (clockwise from left) a seafood dish from the Porto sani Village; the greek resort at dusk; guests can enjoy the sun from the shade while having a swim in the indoor pool

surprising ingredients (lemongrass in the aforementioned onion soup, and tamarind in a deep, rich tomato sauce served with a ‘grouper burger’ which has to be the poshest fishcake I’ve ever stuffed my face with). My favourite was a plate of orzo served with langoustines – a risotto-like concoction cooked in a sweet white wine, and flavoured with tarragon and tomato. Actual groans of pleasure were heard coming from several women at the table (and possibly a couple of the men; this is seduction cuisine at its finest). The wines came from local vineyards, and included a delicious xinomavro (a full bodied red), and a crisp plagios white from the Domaine Biblia Chora. And so the epicurean episodes continued. The next night was hosted by Chrysanthos Karamolegos; he owns two restaurants, Apla, in Athens, and Tomata, situated by the marina at the Sani resort. He has regularly been awarded the Torque d’Or (Golden Chef’s Hat) – Greece’s top national prize for chefs. Karamolegos’s cooking is described as combining ‘past and future’; while his menu seems more traditional than Lazarou’s, it also contains a few surprising twists. But I was more than happy to kick off with a mixed appetiser of marinated octopus served with powdered sugar and dill, accompanied by anchovies marinated in white wine vinegar, and a tapenade-like paste made from sardines, olives, fennel and almonds. For Greek purists, there were dolmades (stuffed vine leaves) with crayfish and prawns, and even a classic fish soup. My favourite by far, however, was

the organic, milk-fed pork skewer served on a warm pitta with tzatziki and harissa sauce; a gyro by any other name, it was lifted into a different sphere by dint of the tenderness of the meat and the delicacy of the sauces. The only bum note, for me, was a rather avant-garde dessert made of basil ice cream, goats-milk cream and a caramelised tomato. It was trying to be a sweet version of an insalata caprese but didn’t really work. It was the only dish I didn’t finish during my stay. My last meal was served in a beautiful taverna, the Ouzeri restaurant situated at the end of the beach, and part of the Sani Beach Club. The décor is simple – all wooden chairs and checked tablecloths – and the views are stunning, along the coast and out to sea. That evening’s chef was Nikos Michail, whose restaurant, Argoura, is, once again, in Athens. His speciality is simple, authentic Aegean dishes, with an emphasis on seafood. I ate so much I think part of me may now have developed an outer carapace, but it was all so fresh and delicious I didn’t really care. There was a delicately flavoured fish soup, a mixed plate of ceviche, boiled ray and steamed scorpion fish. After a divine pumpkin pie which tastes of cinnamon and Halloween, I drift off to my suite at the Porto Sani Village and dream of my return visit. I’ll never look at a kebab in the same way again. ■ For more information on the gourmet festival, visit Stays at Porto Sani Village can be arranged via Western & Oriental (020 7666 1234;

Villa Kathleen, majestically dominates the hillside of Galley Bay Heights Antigua, offering over 13,000 square feet of relaxed living/entertaining space, infinity edged pool, jacuzzi and a private full sized flood-lit tennis court. This beautifully appointed luxury villa enjoys panoramic views of the Caribbean Sea and its neighbouring islands, St. Kitts and Montserrat.

Villa Kathleen is built on two levels and comprises of a spacious gourmet kitchen, open floor plan lounge/living area, indoor and outdoor dining, conservatory, TV/family room, fully equipped gym and seven air conditioned bedrooms with ensuite bath/shower rooms.

The villa is situated within a magnificent, incredibly private, two-acre lush, tropical garden flourishing with bougainvillea, palm trees and plants, whilst situated only a fiveminute walk from Galley Bay beach and twenty minutes from the airport.

The villa with its huge windows, white washed vaulted ceilings, marbled floors and soft neutral decor gives a feeling of calm serenity with an openness and sunlit ambience. Villa Kathleen’s complement of staff include a house manager, personal chef, driver/security, waitress, kitchen assistant, maid, laundress and gardener to attend your every need during your stay. Private transfers to and from the airport, along with a personal driver to take you wherever you want to go will ensure your stay is both relaxing and carefree from start to finish.



Travel ITaly

the coast is clear: italY UNcoVereD OK, so they may have beaten us at the football, but don’t let that put you off. Italy offers crystal blue Med waters, hip hideaways and stunning landscapes. Here are our faves from Small Luxury Hotels of the World

1. Grand Hotel Majestic, MaGGiore Grand Hotel Majestic is located in the heart of the Italian Lake Region on the elegant west Piedmont shores of Lake Maggiore. Minutes from the picturesque lakeside town of Pallanza, its privileged position on a promontory, stretching over the lake, offers breathtaking views that showcase the Borromeo Islands, surrounding mountains, and the lake itself. Built in 1870, the hotel retains the spirit of La Belle Epoque with extensive lakeside English gardens. The service and amenities, however, are thoroughly modern day, with spacious en-suite rooms and suites. During your stay you can enjoy a relaxing day on the hotel’s solarium. Now that’s La Dolce Vita.


2. Grand Hotel Poltu Quatu, sardinia Sardinia is one of the most beautiful islands in the Med: unspoiled nature, white sandy beaches and crystalline waters are the protagonists in a land that’s sunny 300 days per year. So, about 299 days more than England. Grand Hotel Poltu Quatu is a jewel on the north-east coast, a few steps from the renowned Costa Smeralda and 35km away from Olbia Costa Smeralda airport. The hotel is part of the village Poltu Quatu (literally ‘concealed harbour’), where pink granite rocks, deep blue sea and Mediterranean vegetation envelop this charming port.


3. casa anGelica, aMalfi coast Spectacularly set along the sheer-sided Amalfi Coast, Casa Angelina overlooks miles of Mediterranean sea from its cliff-edge perch in Praiano. The knockout views are matched by cool interiors at this hip little hideaway; the minimalist design is set off by flashes of brilliant colour from bold modern art and Murano glass sculptures. There are outdoor and indoor pools, and a gym if you’ve overindulged at the superb rooftop restaurant.




travel sussex

far from the olympic crowd Being herded like cattle on the Tube, finding yourself in a never-ending sea of tourists, or making a swift exit and eating top-end nosh in tranquil and verdant isolation? I'll opt for the latter, says Jon Hawkins


hile the eyes of the rest of the world

are on London, any one with any sense (and no Olympic tickets) will be doing everything in their power to escape the zombie hordes and apocalyptic transport infrastructure by getting the hell out of Dodge. As it turns out, you don’t have to go very far at all: about 40 miles south of London should do it, to the South Lodge Hotel in West Sussex. A Jacobean-style country house, half of which dates back to the 19th century, with the other half a traditional-style modern addon, South Lodge sits in its own grounds in the quiet countryside outside of Horsham. So self-contained is the hotel that, in the course of a weekend, it’s possible to eat in a different (and excellent) restaurant both nights, walk under the canopy of the woods, ride bikes on gravel tracks and explore lakes and wide, open fields without ever needing to leave the hotel grounds. The décor in our cavernous and incredibly comfortable suite was, like the building itself, a contemporary take on traditional country-house style, which even your granny would find difficult to raise a disapproving eyebrow to. Every aspect of the room has been designed to maximise R&R, and the view from our room’s tall windows – across the hotel’s grounds – took us a million miles away from packed tube carriages and crowded streets. But where the South Lodge escape really wins out is in its dining options, including Michelin-starred, concept restaurant The Pass, which, as its name suggests, places its diners in the heart of the kitchen. If you’re after an action-packed spectacle with a soundtrack of expletives, clattering pans and barked orders, you’ll be disappointed. There’s none of that; instead it has the quiet, slightly clinical air of a laboratory or an artist’s studio. If that makes The Pass sound dull, then I should make clear that it absolutely isn’t – there’s a close proximity to the cooking process that’s genuinely rare and exciting. The whole concept would obviously be worthless if the food weren’t any good; thankfully, that isn’t the case. The Pass won its

The view took us a million miles away from packed tube carriages and crowded streets

first Michelin star for its food last year, and it’s not hard to see why – every dish is strikingly good-looking, intricate and tastes remarkable. A ballotine of ham hock with a twig-like strip of crackling balanced on top looked dainty but packed an intensely-flavoured punch, and we searched high and low for the chicken skin that was supposed to accompany the excellent oat-crusted halibut; it turned out to have been turned into a rich powder dusted onto the dish. The Pass isn’t even the only restaurant on the premises; there’s also the Camellia, The Pass’s more sensible (but still tastefully well presented) older sister, where Matt Gillan, the man behind The Pass, was head chef before taking the reins further down the corridor. We returned to London refreshed, revitalised and ready to battle the masses anew. In a summer like no other, I can think of few better ways to escape the madding crowd than a trip to South Lodge Hotel. ■ South Lodge Hotel, Brighton Road, Nr Horsham, West Sussex, RH13 6PS; 01403 891 711;



GOLF On par

Chip off the old bloCk

Putter uP It’s all too easy to blame your putter. Especially after you’ve thrown it into the lake following a particularly, er, exerting round. But with a Ping Anser Milled putter the capacity to blame your tools becomes considerably curbed. You’ll find the Anser Milled in the bags of international tour pros Hunter Mahan, Angel Cabrera, Lee Westwood, and Louis Oosthuizen. And, if it’s good enough for that lot, it’s definitely good enough for you. The manufacturer’s most iconic product was first brought to market in 1966, and since then it has contributed to more than 500 tour wins and 26 major victories. The latest update of the series consists of seven new designs, all precision milled from 303 stainless steel. Each one offers various hosel configurations to match your specific stroke type – straight, slight arc or strong arc. This Fit-for-Stroke concept, as Ping calls it, is the result of extensive player and robot testing, offering overwhelming proof that when a golfer’s putter balance doesn’t match his stroke type, his consistency is hindered considerably. Now, that’s an excuse. From £239 per model.

Gleneagles may be the kingly destination of golf but now there is a new kid in town trying to knock it off its throne, says Pete SimPSon


OME TO THE world-famous Gleneagles

rAte MY SWING Fancy yourself as a budding Webb Simpson? Go online and put your money where your mouth is. Sky Sports’s new golf website,, allows you to upload a video of your own swing to be rated by its readers. If it turns out you tank, there are tailored video master classes from some of the world’s top golf professionals including Denis pugh, Simon Hughes and Jonathan Yarwood, so you can learn how to swing in style.

Hotel, Perthshire is experiencing the rise of a new name in luxury golf development to challenge the old guard of Scottish golf. Taking advantage of its breathtaking location adjacent to Gleneagles, gWest aims to position itself among the finest golfing resorts in the world. Alongside a luxury hotel, and the golf course created by renowned course designer David McLay Kidd, residential plots are also available to purchase. Buyers have the opportunity to design their own bespoke multi-million-pound residences in the grounds, which have spectacular views of the Perthshire countryside and the Ochil Hills. Securing one of the plots, which average 1.25 acres, also allows full access to gWest’s private-members-only golf course and its exclusive clubhouse. The resort will also offer an ultra-luxury, suite-only hotel with concierge services, world-class dining, destination spa, and leisure and entertainment facilities. It’s arguably a bold move to set up shop next to such an established and esteemed name, but gWest plans to succeed by taking on Gleneagles at its own game. ■

For more information: 020 7487 1644;


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Commuter belt: Kent . 123 luxury london living . 125

GoinG up in the world .125

CGI image of One Commercial Street is indicative only

One Commercial Street is a new landmark development in a prime location between the financial heart of London and the dynamic city fringe.


+44 (0)20 3441 2001

Studios, one, two and three bedroom apartments starting from ÂŁ355,000* *Prices are correct at time of press


Kent tunbridge Wells

The old wITh The new JacK donne says these palatial new homes in Tunbridge Wells do a sterling job of bringing the Arts & Crafts

movement into the 21st Century. With acres of woodland on the doorstep, the outside space isn’t bad, either


ll Too ofTen the designs of modern

residential houses nod to architectural heritage with token features applied to a façade or interior layout. It’s unusual that a residential development manages to interpret traditional architectural motifs in a contemporary way without looking, well, naff. At Holden Grove in Southborough near Tunbridge Wells, DeVoysey Fine Homes have bucked this trend. The two new houses are influenced by successive generations of the quintessentially English Arts & Crafts movement, with its concern for local materials, craftsmanship and comfortable proportions. Grove House and Amber House have both been designed by award-winning architect Simon Beck. Grove sits at the top of the sloping site and, with rugged local stone walls

and buttresses, rises like an outcrop from the rock of the hill. The design approach is ‘idealised vernacular’ in the style of George Devey, who made an important and innovative contribution to the vernacular revival in the 1860s. His interest in the use of local materials directly contributed to the emergence of the Arts & Crafts movement. Amber House interprets the style of Charles Voysey, who although influenced by the work of William Morris, the Arts & Crafts movement and Art Nouveau, was concerned with form and function rather than ornamental complexities. The house has an Edwardian feel with stone, render and slate dominating. Both houses are on the doorstep of Southborough Common, a designated area of outstanding natural beauty with paths and


The two new houses are influenced by successive generations of the Arts and Crafts movement rides running through one hundred acres of woods and grassland. These two distinguished six- and seven-bedroom houses each have half-acre landscaped gardens amid protected trees. Grove House is available for sale priced at £2.6m and Amber House at £2.65m. ■ For further information, please contact the selling agents, Savills, on 01892 507 000.


REGENT’S PARK OFFICE 69–71 PARK ROAD LONDON NW1 6XU T –020 7724 4724 F –020 7724 6160

THE YOO BUILDING HALL ROAD NW8 £3,250,000 LEASEHOLD An outstanding two bedroom loft style apartment (220sq m/2,363sq ft) situated on the first floor of this landmark building designed by Philippe Starck. The unit has been refurbished to a high standard, offering exceptionally designed living space including a spectacular reception room with double height ceilings. Further benefits include two secure allocated parking spaces and 24 hour concierge service. The Yoo Building is superbly located for all the amenities of both St John’s Wood and Little Venice, including the fashionable cafés and boutiques of Clifton Road. Maida Vale and St John’s Wood Underground Stations (Bakerloo Line and Jubilee Lines) and the picturesque Regent’s Canal are within close proximity. ACCOMMODATION AND AMENITIES Principal Bedroom with En-Suite Bathroom & Dressing Room, Bedroom 2 with En-Suite Bathroom, Reception/Dining Room Semi Open Plan with Fully Fitted Kitchen, Guest Cloakroom, Study, Secure Allocated Parking for 2 Cars, 24 Hour Porterage. SOLE AGENT


London Super-prime rentaL

HIgH class, no strIngs If you crave luxury, and you can afford it, but aren’t so good at commitment, then renting a London show home could be the answer. aLix BuScovic selects four of the top super-prime rentals on the market now

FROGNAL, HAMPSTEAD In NW3, you can high-five the spirits of Keats and Freud, play spot the celeb as you do your shopping and take a constitutional on one of London’s biggest green spaces. Good job, really, as otherwise you might never want to venture out from this stunning 7,300sq-ft statement home in Hampstead [pictured]. You’d hardly need to. Feel like working out? This gorgeous double-fronted house has its own indoor swimming pool and gym. Enjoy entertaining? There are four reception rooms,

an eat-in kitchen for more casual dinners and a landscaped private garden ideal for summer parties. Putting guests up shouldn’t be a problem, either, as there are five bedrooms and four bathrooms. And when you want to be the one being entertained, you can take in a film at your very own cinema. This recently refurbished home has everything to make life easier – there’s even a lift to ferry you around when you can’t face the stairs. The master bedroom has his and hers dressing rooms as well as bathrooms, and

there’s a staff bedroom and bathroom if you need some live-in help. Perhaps someone to go out and high-five the spirits of Keats and Freud for you. Frognal is available for rent at £14,950 per week through Aston Chase. For more information: 020 7724 4724;

SIDDONS HOUSE, REGENT'S PARk Situated on Cornwall Terrace, you can literally live like a king. Well, almost. When the Prince Regent and architect John Nash were ➤



in the short term: (Clockwise, from top) the magnificent Palladian frontage of siddons house in Cornwall terrace, which overlooks regent's Park; the balcony of 37 Curzon street and its views; the airy double living room in Victoria road, Kensington


Rent this Curzon Street penthouse and you’ll be right by boutiques and private members’ clubs ➤ planning the now Grade I-listed ‘villas’ overlooking a private royal park, they apparently included a palace for the man who would become George IV. Sadly, this was never built but the other properties, especially the centrepiece, Siddons House, are palatial enough. Newly restored to their 19th-century glory (they were used as offices for a long time), these mansions at the south-west corner of Regent's Park have imposing stucco frontages, complete with Corinthian columns. Siddons House has all a minor modern-day monarch could want – six reception rooms, six bedroom suites, a spa and a gymnasium. And, of course, a separate mews house for the staff – or the family members you don’t particularly like that much. There’s only one problem – now that Regent’s Park is no longer private, you might have to contend with bumping into pesky members of the public. Siddons House can be rented for £40,000 per week. Contact Kay & Co: 020 7486 6338;

CURZON STREET, mayfaiR Hedge funds may still lame claim to this hood, but more and more offices are being converted back into homes on Curzon Street. Given that you’re such a short stroll away from Mayfair’s exclusive boutiques and

private members’ clubs, it’s easy to see why. And living in the centre of Mayfair doesn’t mean you have to give up outside space, either, as this penthouse maisonette has a large terrace on three sides. So you can sit out with (very possibly all of) your friends on a warm evening, or eat breakfast while taking in views of London (rather than views of morning TV presenters). The property has three-bedroom suites, spacious reception room, dining room, study and a well-appointed kitchen, plus lift and

underground parking. There’s also a porter – handy for when you, or the other half, have hit those exclusive boutiques a little too hard. 37 Curzon Street is available to rent for £10,000 per week. For more information, contact Beauchamp Estates: 020 7499 7722;

ViCTORia ROaD, KENSiNGTON As covetable as a designer coat bought in one of the area’s countless high-end shops, this Victorian home in Kensington is spacious, elegant and very easy on the eye. Located near to both the soul-reviving Kensington Gardens and the wardobereviving Kensington High Street, it measures 4,345sq ft – vast for Zone 1 property – and boasts six bedrooms, all of which have their own en suite bathroom. The house seems built to encourage hospitality, as there are two cloakrooms (for all those designer coats your friends bought on the way) and, somewhat unusually, a wine cellar, as well as two generous reception rooms and a huge open-plan kitchen. And if you and your guests feel in need of a refreshing nature hit after overdoing it on the wine, but don’t fancy a walk up the road, you can just step into the 28ft rear garden or onto the roof terrace. ■ Victoria Road can be rented for £9,000 per week. Contact Aylesford International for more information: 020 7351 2383;


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square mile run 2012

Over the last two decades the Crisis Square Mile Run and Relay have raised more than £2m for the charity. This June, 2,000 runners took part in the 20th anniversary of the event, which is sponsored by Radobank. Competitors were waved off from


Paternoster Square by University Challenge and Newsnight presenter Jeremy Paxman. For more information please go to See more photoS oN

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showcase at eight club

Last month, square mile hosted a Montblanc watch showcase for 300 of our readers. The evening was held at Eight private members’ club in Bank where guests enjoyed beers provided by Pilsner Urquell and champagne by Louis Roederer. Thierry Pellaton –

whose great-grandfather invented the winding mechanism, the Pellaton Rotor – was on hand from Montblanc to explain the intricacies of the watches on show. See more photoS on


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master class Words Richard Mackney

how to: skive off work With all the stresses of the City, a summer of televised sport, and a potential glimmer of sunshine, the temptation to take a few days off work may be too much. But doing it clumsily could result in disciplinary action or even dismissal. So here are some useful tips from Richard Mackney who successfully managed to skive work for 18 continuous years.

Phone manner It’s a cliché but having the right ‘ill-sounding’ voice in case work phones while you are at home is an essential weapon in the skiver’s armoury. To the wise and experienced boss, your attempts at a convincing hoarse throat will sound utterly fake. Try an imaginative alternative such as hiring a genuinely rough-voiced proxy to act on your behalf. Times have proved hard for some entertainers and for just a few hundred quid you should be able to organise a short-term phone-answering service with 1980s’ singer Bonnie Tyler. Suddenly, problem solved. Yes. You do sound awful, like a rasping old tractor. And yes, you’re so ill that doctors think you might have turned into a 62-year-old woman from south Wales.

a different look Naturally, one of the great risks of bunking off work is being spotted by a colleague or contact. If you consider the risk sufficient, a suitable disguise is a must. The simple hat, wig and dark glasses have, for generations, been the items of choice among amateur terrorists. For complete face cover – and for those with a child-like sense of fun – it’s a chance to dress up as a favourite ‘celebrity without a real face’, such as Spider-Man, Darth Vader or Joan Rivers. However, for the simpler, more reserved approach, few things can be simpler or more effective than the application of a goodquality, bushy moustache. If spotted, your explanation is simple: you needed a few days off work as you were feeling a little queer.



For the more reserved approach, few things are simpler than the application of a bushy moustache embarrassing illnesses Everyone gets a cold or flu and increasingly the competitive world of the City demands something more extreme to warrant absenteeism. Physical ‘accidents’ will almost certainly require physical proof while claims of serious illness often require doctors’ notes, or death. However, certain complaints will not be questioned. A quiet, private conversation with your boss is all that’s needed. For example, you have worrying signs of a colonic haemorrhage and it’s best for all involved that you spend some lying-down time at home.

skin conditions The outward appearance of illness is the obvious choice for the skiver who prefers to keep things simple. A little calamine lotion or food colouring can be applied to the face and arms to replicate everything from kidney damage to jaundice. However, be subtle with your pigmentation and remember to limit the amounts you use, particularly with products such as fake tanning lotion or wood stains. There is a very fine line between visible signs of melanoma and an investigation by the race relations board.

good food guide The intelligent skiver doesn’t want to take time off work. He or she is diligent, dedicated and always wants the best for the company. They would rather be at work but the boss insists that they go home. The trick is to manipulate that power balance and simple items of food come to the rescue. Start by gluing a few flakes of Special K behind your ear. After a couple of weeks, graduate to pieces of popcorn. Bat any concerns or queries to one side. It’s probably nothing, you say, a bit of dry skin, nothing serious. A few weeks after that start sticking bits of cauliflower to your neck and culminate with painful swellings around your groin. Soon you are having that conversation. You simply must take time off to have this investigated and don’t worry how long it takes to have it sorted out. Reluctantly you eventually agree and limp out of the office, careful not to dislodge any of the three King Edward potatoes you have taped to your genitals.

the life-sized rePlica If you are a quiet, shy member of staff you have the great advantage of perceived anonymity on your side. No one seems to really notice you and you often just melt into the office background. Highly convincing ‘lookalikes’ have become a boom industry and everyone is at it, from David Beckham to Prince Charles’s youngest son. A bit of online research and you too could find someone to double up as you, just for the odd day. But remember not to get carried away, no matter how much you want to escape a difficult predicament. It’s bad enough leaving your bride standing at the altar but it’s considered very bad form to send someone along who looks a bit like you.

lessons to be learned Be careful to limit the amount of time you take off to reasonable and proportionate periods. Skiving is, after all, highly addictive and you constantly face the risk of pushing the boundaries too far. The day you finally return to work, you find that company performance has significantly improved in your absence, your pass doesn’t let you in the building and they have replaced you with someone else after realising that you were rubbish and that everyone hated you. ■ Richard Mackney may be ill next month. If he is, best not to ask…

see more mackney on


N A Q S H HOMAGE TO PICASSO 28 June - 21 July 2012


Square Mile - 70 - 'The First Trade in Space'  

Square Mile Magazine - 70 - 'The First Trade in Space'

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