The Trader 

How demographics shape returns

The Trader

I remember, post-Big Bang, when the Japanese arrived in The City. Brandishing cheque books and pens at the ready, they poached bankers and brokers to populate their start-up businesses, admittedly with the more spivvy, rather than patrician, end of Europe’s spectrum. The FT’s old (and soon-to-be-new) headquarters, Bracken House, was sold for what was then the highest price per square foot, I think – and my lot (correctly) called the top of the market.

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