looking for non-random movements to make market predictions. Alexis employs the same mix of staff as his rivals do, with many specialists from non-financial backgrounds, including mathematicians, statisticians and physicists. Big deal, they all do that. However despite everything appearing normal thereâs something that he alone has been doing differently since four years ago, and Iâm not sure what, but whatever it isâ¦itâs caused him to suddenly hit a vein of gold that shows no sign of running out.â
Stopping to take another sip of wine she fixes her fiancé with a raised-eyebrow look that says âSoâ¦cumâmon then, Iâve told you all this stuff, now you tell me what your real interest is?â
Reading the expression on her face, John decides to make a comment as innocently as he can by way of a response. âSo, like I sayâ¦-Kronos came-up at work today, and when I saw it was a company registered in the Cayman Islands, it immediately made me suspicious, you know, that there might be money laundering and that sort of stuffâ¦.â
âI understand why you might think that, but the Cayman Islands are a major, and I mean major financial centre. Vasilakos manages a Hedge Fund, and that needs to be done in or near somewhere like London or New York, but youâll find that these funds are always registered in some OFC.â She glances up and can see John is confused, â-Sorry, an offshore financial centre.â
âThe Cayman Islands are the fifth-largest banking centre in the world and recently theyâve been introducing new, stricter financial regulations, -so donât jump to any unnecessary conclusions. However, I can feel it in my bones that the performance of Kronos is just too good to be true and it is driving me nuts that the FSA canât pin anything on them.â John is even more curious now, âSurely if they trade just prior to an announcement and stuff like that there are patterns that canât be explained in any other way other than Insider Dealing?â
Rebeccaâs food has been getting cold; sheâs unaccustomed to her âshop talkâ being of interest to John. âHaving a pattern is not good enough. The FSA is a lot like the Police. Many of our successful proceedings start from tip-offs passed on to us from traders, allowing us to then gather sufficient evidence to make a case. With Kronos, there has never been anyone whoâs been brave enough to come forward and give us that vital connection. Alexis seems to do things in his own individual style, -for example Iâve never understood why he bases himself in the centre of The City when most hedge fund managers now work out of Mayfair. Heâs a real piece of work, very much an individual, a bit of a loner in the industry I guess and itâs become a hobby of mine to keep tabs on what he gets involved with. Alexis is extremely well connected, several cabinet ministers and more than one Supreme Court Justice are on pretty friendly terms with him. But whereas most other institutions make sizeable donations to things like childrenâs charities and AIDS foundations, thereâs never been anything on record as Alexis having done anything like that. Most people who make donations donât keep quiet about it, they expect to milk it for all the good publicity they can. Youâd think heâd be bothered about PR just as much as everyone else wouldnât you? But apparently he isnât.â
Seeing that her partnerâs plate has been emptied, she affords herself a little bit of time to take down a few mouthfuls of food even though her mind is still fully engrossed in the strangeness of Alexis and his outrageous profit making abilities. âI wish I could fathom-out why he doesnât give a shit about his public image. And also, he doesnât seem to care where he makes money from, and Iâve got a perfect example for you thatâll