Issue 14 (Winter 2009/10)
1 Leaders (Tory Time; New Year, New Life; Courageous Bankers)
10 Contributors
12 From the Editor
14 The Hedgehog
20 David Linley’s Diary
24 SPEAR’S AWARDS
The winners, the pictures, the speeches
28 SHOT BEFORE DAWN
Pictures from the Speechly Bircham seminar, plus how the wealthy can keep their privacy
FEATURES
38 TIME FLIES WHEN YOU’RE HEDGING FUNDS
William Cash observes the rehabilitation of that reviled tribe, hedgies
43 GOLDEN OPPORTUNITY
John Arlidge gained unprecedented access to Goldman Sachs: here he explains how he did it
44 MAKING A DRAMA OUT OF A CRISIS
Scott Rudmann reveals what led to his role in David Hare’s Power of Yes
46 MY FRIEND THE PONZI SCHEMER
Jonathan Chambers on how a childhood pal became the Jamaican Madoff
48 PARTNERS IN CRIME
Spear’s puts high net worths in the dock in a round table with Tuckers’ top team
52 ALPHAONE MALE
William Cash profiles star HNW investment adviser Nicolas Sarkis about life after Goldman
56 WHOLE NEW BALL GAME
Josh Spero talks to Rupert Robinson of Schroders about crisis and cricket
57 MARGINS FOR ERROR
Frederick Barker finds that all is flux among wealth managers, but not all are ready for the new world order
58 ALL THE WORLD’S A STAGE
Sophie Walker on TED, a Davos for the online generation
60 BANG ON TIME
Jean-Claude Biver of Hublot believes that every second counts, Josh Spero finds
64 READING THE CLASSIFIEDS
Nigel West on why you need to read between the lines in top secret histories
67 US SPECIAL
68 HAPPY FAMILIES
Family offices are the firms of the future, says Daisy Prince
72 OFF SHORE, OUT OF MIND?
Where can wealthy Americans stash their cash now that tax havens are under fire, asks Christopher Silvester
74 PHOENIX FROM THE FRAMES
Anthony Haden-Guest talks to Asher Edelman, Wall Street raider turned art world innovator
78 THERE’S NO ‘I’ IN ‘PRIVATE BANKER’
Penelope Bennett talks to key players and learns that private banking in America is finally in vogue
COLUMNS
22 FYI
The Family Office Exchanges
32 WALL STREET WIRE
Rob Cox
34 THE VIEW FROM ST PAUL’S
Guy Monson
35 THE LAW
Caroline Garnham
36 THE VIEW FROM NOWHERE
Vanessa Neumann
REGULARS
82 BOOK REVIEWS
Lords of Finance by James Strachan and Madness Under the Palms by Christopher Silvester
85 LOUCHE LIFE
Andrei Navrozov on the clash of the oligarchs
FOOD & WINE SPECIAL
86 Ian Pengelly is putting the spice into Gilgamesh, says William Sitwell
88 Simon Davis on how limp chicken led him to found the London Restaurant Festival
90 Paris’s finest wine cellar is up for sale, says Margaret Kemp
92 Kimberly Jordan discovers that wine online needn’t cause sour grapes
94 Top chefs teach Spear’s how to Tiff – and you can learn too
ENTERTAINING
96 Lucinda Bruce and Victoria Cator on how to have the perfect Christmas
98 Bianca Brigitte Bonomi meets London’s chicest party planners
104 ART
Ivan Lindsay on the renaissance of the legendary Russian jewellers, Fabergé
108 TRAVEL
Penelope Bennett hits the bullseye at Bovey Castle, one of England’s last great sporting estates
112 THE DISCRIMINATOR
Alessandro Tomé thinks airlines should follow postmen and strike; plus, The Discriminator Dines Out
114 HEALTH
Dread getting older? We should embrace its opportunities, says Penelope Bennett
116 COUNTRY WIRE
Clive Aslet sees that the fruit doesn’t fall far from the family tree
118 PROPERTY
They have the money and the desire, so why aren’t the Chinese snapping up our mansions, asks Ross Clark
120 MID-ATLANTIC GIRL
...is becoming New York Girl? Daisy Prince bids adieu to her London loves
Unbillable Hours
Our specialists solve your HNW problems (gratis!)
Q
I am at the start of divorce proceedings and am concerned about the tax implications. I have heard that you might have to pay capital gains tax on the assets you get as part of the divorce settlement - is this the case?
A
It is a little-known part of the UK tax system but divorcing couples may indeed find themselves subject to capital gains tax. This can happen, for instance, if the marital home is sold as part of the divorce settlement or even in a situation where the home is given to one spouse under the settlement, with no money changing hands.
Spear's Wire



