Private equity funds are notoriously unadventurous about who they hire. They mostly like their recruits to have attended the best schools, completed a brief stint in a top investment bank, to have completed an MBA at a top business school, and to have been top and best at everything.
That there exists a famous private equity professional who admits to having learning difficulties as a child is therefore unusual. That this is compounded by strict veganism and a refusal to wear leather and silk also seems unusual for private equity, where it helps to be a jock with an MBA (unless you subscribe to the theory of individuation we outlined the other day).
Who is this private equity anomaly? It is Jeremy Coller at Coller Capital. Financial News cites him as one of the top 10 most influential private equity professionals in the UK and says that his learning difficulties as a child helped make him determined to get on in life.
What were Coller's learning difficulties? We don't know. Interestingly, however, Guy Hands is both dyslexic and dyspraxic and was singled out as a misfit at school. Jocks may be less suited to private equity than they seem.
Ina Drew should have received $14.7m in termination payments. Some of that will now be clawed back. (Wall Street Journal)
How manipulating Libor contributed to traders’ bonuses. (Financial Times)
Leading Barclays shareholder: “It has to be external candidates for both chief executive and chairman. It is not a banking problem, it is a cultural problem at Barclays.” (Financial Times)
You will know a financial meltdown has taken place when you see Mervyn King on a bike. (Telegraph)
“I’ve done a qualification up to masters degree at Cass Business school [and now I'm doing this trading course]…it’s an exponential learning curve.” (Vimeo)