Monday, 25 January 2010

Tony Blair: Hedge Fund Role

Tony Blair is set to earn a small fortune in a new role as a paid speaker at a leading London hedge fund, Sky sources say.


The former Prime Minister will join Lansdowne Partners for the coming year and is expected to make tens or hundreds of thousands of pounds from the arrangement.

Breaking the news, Sky's City editor Mark Kleinman said the announcement would raise eyebrows, in light of the political backdrop.

"The timing is intriguing, given that hedge funds are back in the political firing line and of course the fact that Mr Blair has a rather different kind of speaking engagement at the Iraq inquiry later in the week," he said.
"What's more, Paul Ruddock, a co-founder of Lansdowne and one of the City’s wealthiest men, is also a major donor to the Conservative Party."

Source: http://news.sky.com/skynews/Home/Business/

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