'Dark age' hedge funds have antique fees, says Albourne’s Ruddick

New boss at consultant, John Claisse, to focus on liquid alts research

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"We're all naturally goofy," Albourne's co-founder and chief executive Simon Ruddick declares. Inspect the boardroom of the hedge fund consultancy, and you can see the spirit and letter of these words. Alongside the flip charts and plaid boardroom chairs are toy cars and tanks, a cabinet of model aeroplanes and a life-size cow wearing a beret.

Staff and clients – used to building different kinds of models – compete to build the best model aircraft from an assembly kit that Albourne sends round.