Business Diary: Did Steve Cohen see the future?

Hedge fund managers seem to instinctively know when to buy and sell assets – that's why they're good at the job. Take Steve Cohen, the fabled US fund manager. The Wall Street Journal reports that two weeks ago, he asked a high-end auctioneer to sell his Andy Warhol portrait of Elizabeth Taylor at a sale in May. The death of the fabled star of the silver screen last week has now seen its likely sale price soar.



Another royal wedding killjoy

Take your hat off to Jim Venables, the managing director of a firm called officebroker.com. Like a number of other businesses' bosses he's told staff that they can't have the day off for the royal wedding – though it has been declared a bank holiday. But while most bosses are defensive about doing so, Venables is publicising his decision very proudly. "Why can't William and Kate get married on a Saturday like everyone else?" he complains. "We're not having it. We will be working like it's any other day, just getting on with it."



E&Y squashes the competition

Just as the Diary predicted, Ernst & Young trashed the competition in the corporate squash competition that has been held at Canary Wharf in recent weeks. It beat the investment bank Credit Suisse in a final that wasn't particularly hotly contested. But the accountancy really can't be too proud of itself – as the Diary has revealed, it employed the services of Peter Marshall. He's a bona fide staffer at the firm but also a former professional squash player who once topped the world rankings. Something of an unfair advantage you might say.



Royal touch to money campaign

The campaign to improve youngsters' awareness of money matters is a worthwhile one, but quite tough to sell sometimes. One can certainly see why the Personal Finance Education Group might want a bit of a celebrity endorsement for the launch of My Money Week 2011, which took place last week at the Brookside Primary School. Still, was the Duchess of Cornwall really the perfect celebrity for the launch? No snub to the former Camilla Parker Bowles is intended, but it is not as if she really has to watch the pennies these days.

businessdiary@independent.co.uk

Start your day with The Independent, sign up for daily news emails
ebooks
ebooksAn introduction to the ground rules of British democracy
Latest stories from i100
Have you tried new the Independent Digital Edition apps?
SPONSORED FEATURES
Independent Dating
and  

By clicking 'Search' you
are agreeing to our
Terms of Use.

iJobs Job Widget
iJobs Money & Business

SThree: Recruitment Consultant

competitive + incentives + uncapped comms: SThree: Did you know? 98% of our di...

SThree: Trainee Recruitment Consultant

competitive: SThree: Did you know? 98% of our directors started with SThree as...

SThree: Trainee Recruitment Consultant

£20000 - £25000 per annum + competitive: SThree: Are you passionate about sa...

Recruitment Genius: Junior Sales Executive - OTE £28,000

£15000 - £18000 per annum: Recruitment Genius: This is a great opportunity for...

Day In a Page

Turkey-Kurdish conflict: Obama's deal with Ankara is a betrayal of Syrian Kurds and may not even weaken Isis

US betrayal of old ally brings limited reward

Since the accord, the Turks have only waged war on Kurds while no US bomber has used Incirlik airbase, says Patrick Cockburn
VIPs gather for opening of second Suez Canal - but doubts linger over security

'A gift from Egypt to the rest of the world'

VIPs gather for opening of second Suez Canal - but is it really needed?
Jeremy Corbyn dresses abysmally. That's a great thing because it's genuine

Jeremy Corbyn dresses abysmally. That's a great thing because it's genuine

Fashion editor, Alexander Fury, applauds a man who clearly has more important things on his mind
The male menopause and intimations of mortality

Aches, pains and an inkling of mortality

So the male menopause is real, they say, but what would the Victorians, 'old' at 30, think of that, asks DJ Taylor
Man Booker Prize 2015: Anna Smaill - How can I possibly be on the list with these writers I have idolised?

'How can I possibly be on the list with these writers I have idolised?'

Man Booker Prize nominee Anna Smaill on the rise of Kiwi lit
Bettany Hughes interview: The historian on how Socrates would have solved Greece's problems

Bettany Hughes interview

The historian on how Socrates would have solved Greece's problems
Art of the state: Pyongyang propaganda posters to be exhibited in China

Art of the state

Pyongyang propaganda posters to be exhibited in China
Mildreds and Vanilla Black have given vegetarian food a makeover in new cookbooks

Vegetarian food gets a makeover

Long-time vegetarian Holly Williams tries to recreate some of the inventive recipes in Mildreds and Vanilla Black's new cookbooks
The haunting of Shirley Jackson: Was the gothic author's life really as bleak as her fiction?

The haunting of Shirley Jackson

Was the gothic author's life really as bleak as her fiction?
Bill Granger recipes: Heading off on holiday? Try out our chef's seaside-inspired dishes...

Bill Granger's seaside-inspired recipes

These dishes are so easy to make, our chef is almost embarrassed to call them recipes
Ashes 2015: Tourists are limp, leaderless and distinctly UnAustralian

Tourists are limp, leaderless and distinctly UnAustralian

A woefully out-of-form Michael Clarke embodies his team's fragile Ashes campaign, says Michael Calvin
Blairites be warned, this could be the moment Labour turns into Syriza

Andrew Grice: Inside Westminster

Blairites be warned, this could be the moment Labour turns into Syriza
HMS Victory: The mystery of Britain's worst naval disaster is finally solved - 271 years later

The mystery of Britain's worst naval disaster is finally solved - 271 years later

Exclusive: David Keys reveals the research that finally explains why HMS Victory went down with the loss of 1,100 lives
Survivors of the Nagasaki atomic bomb attack: Japan must not abandon its post-war pacifism

'I saw people so injured you couldn't tell if they were dead or alive'

Nagasaki survivors on why Japan must not abandon its post-war pacifism
Jon Stewart: The voice of Democrats who felt Obama had failed to deliver on his 'Yes We Can' slogan, and the voter he tried hardest to keep onside

The voter Obama tried hardest to keep onside

Outgoing The Daily Show host, Jon Stewart, became the voice of Democrats who felt the President had failed to deliver on his ‘Yes We Can’ slogan. Tim Walker charts the ups and downs of their 10-year relationship on screen