Friday 29 June 2007

Barclays Capital involved in mystical hedge fund

According to the Daily Mail City & Finance section today, Barclays owns 12.5 per cent of NyLon Capital LLP - a company alleged by a former employee to use astrologers.

Well, this is what I've been saying. Money mystics and financial shamans are working in banks now and there is absolutely nothing wrong with it. Why all the fuss? As I wrote in yesterday's post, these mystical workers will eventually replace conventional analysts and traders.