Hedge Funds

Argonaut’s Barry Norris: ‘We don’t hear about the bad side of fund management’

City hedge fund manager says that fund management is not everyone’s cup of tea

'Crypto is a massive scam,' says Argonaut Capital’s CEO Barry Norris
'Crypto is a massive scam,' says Argonaut Capital’s CEO Barry Norris Photo: Danilo Agutoli for FN

Argonaut Capital’s CEO Barry Norris was holidaying on the beach in the summer of 2008 when he got a call from one of the hedge fund’s investors, who was furious about the weekly performance.

“I was running a long-only fund at the time. The investor said the fund had a terrible last week and I replied, ‘I am on holiday’. He took a pause and said, ‘Remind me not to invest in your fund when you are on holiday’,” Norris tells Financial News.

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The Worst Performer in Billionaires’ Portfolios? Trophy Art.