This is an audio transcript of the Behind the Money podcast episode: ‘Whistleblowing in the UK, Episode 1 — The cost of speaking up’
Michela Tindera
Back in 2006, Daniel Sheard was working at an asset manager in London when he heard from an old colleague with a new opportunity.
Daniel Sheard
We met up at a coffee shop in the Royal Exchange, in the heart of the City, and he was looking for a co-manager to help him run a significant pool of money. At the time, it was about 3bn with a pretty much go-anywhere mandate. Sounded a lot of fun.
Michela Tindera
This old colleague was a guy named Tim Haywood.
Daniel Sheard
I’ve known Tim many years before and we’d got on. And that combined with sort of the bureaucracy and slow-moving nature of where I was working at the time, really was, it was an attractive offer.
Michela Tindera
So Daniel took the job and for a while he was happy in this new position. He says that he and Tim grew to be seen as guardians of this fund that they ran together.
Daniel Sheard
There was a standing joke within the sales and marketing team that we were basically the mother and the father of the absolute return fund. And you know how husband and wife argue, well, sometimes we argued, but usually I won.
Michela Tindera
Though they’d known each other for a long time, Daniel says he felt like they approached their work differently.
Daniel Sheard
Tim was very much a risk taker. Tim was always looking for the outside odds opportunity, very much like an equity...
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