CONTENTS
‘I am mulling over the pros and cons of running my own brand.
I thought, “How hard can it be?”’
TAMARA SALMAN’S D I ARY ( PAGE 1 8 )
64 SHOULD HEDGE FUNDS BE TRIMMED OR CHOPPED?
56 THE LABOUR PAINS OF SELLING YOUR FAMILY BUSINESS
50 WE DUB THEE
A TRUE AND NOBLE KNIGHT
THE COLUMNS
10 Leaders 14 From the Founder 16 Editor’s Letter 18 Diary
Luxury goods designer Tamara Salman is heavily into leather 20 The Hedgehog 26 The Giver and the Gift
We hear a philanthropic duet from Glyndebourne 28 Shot Before Dawn
Photographs from the Young Turk Awards, the Mayo Clinic Claridge’s dinner and the Nyetimber tasting dinner
35 Counter Culture
Sam Leith schools us in the new HNW class system. Where do you fit in?
37 PEP Talk Robert Amsterdam thinks our diplomats should be carrying handcuffs
38 The Discriminator
From hipsters to hip replacements, Alessandro Tomé on age-gap couples
40 The Law
The US government is very interested in your tax bill — and not to help you pay it
41 View from St Paul’s
Central banks are going to continue to gush cash, says Guy Monson
42 Image Rights
We could be heroes (unless we’re politicians)
45 FROM PINSTRIPE
SUIT TO SPACESUIT
THE ISSUES
45 Per Ardua Ad Astra
Financier and adventurer Per Wimmer has his helmet on and his desiccated meals ready: he’s going into space
48 Tech for Granted
We need to stop Britain’s tech entrepreneurs heading for California. Alex Matchett hopes for an appy ending
50 Active Duty
Brett Scott doesn’t predict a riot — but he does advocate a revolution in how the wealthy give back. Bring on philanthroactivism!
52 Capital Outflow
If private bankers knew how much wealth there is outside of London, they’d be on the first train to Liverpool Lime Street, says Chloë Barrow
56 Sell-O-Tape
William Cash tries to see if his ancestral family business, Cash’s name tapes, can be rescued, or if it’s already lost
60 Up Against the Wall
Why is London’s success killing its art galleries? Josh Spero puts us in the frame
64 Hedge Trimmers
Whether you want them gently pruned or ripped out at the roots, hedge funds divide investors like nothing else. By Christopher Silvester