Mark Wauton says he is not surprised that so many old hands are leaving the major banks to set up hedge funds. After four months running Gartmore’s AlphaGen credit hedge fund, Wauton has come to understand the appeal: “It’s fun.”
In any line of work, there is always a danger that the higher one climbs up the management ladder, the more remote one becomes from the day-to-day cut and thrust. Wauton, for one, is relishing his return to the coalface.
“It’s great to be executing the trades yourself, re