Evening Standard: Fiske In The Spotlight

Good news from Fiske Plc today (February 19th), of which I am a director, in a nice little article in the newspaper of record for the capital, and the daily read on the way home to those who still work in ‘The City’ of London, the Evening Standard. Despite the good half-year results, my father Clive’s quote is as judicious as ever.
Alexander Fiske-Harrison

Small-cap spotlight

AIM-LISTED Fiske, which is one of the City’s few remaining independent stockbroking and investment managers, said its results for the six months to November 30 showed continued improvement after its operating loss narrowed to £21,000. Total revenues of £2.8 million were an 11% increase on a year earlier, with investment management fees up 14%. Chairman Clive Fiske Harrison said the company retained a “healthy degree of caution regarding the immediate outlook for markets“. Shares rose 5p to 70p.

An Establishment Man: R.I.P. Victor Sandelson, 1928-2017


I was saddened to see in The Times that my family friend Victor Sandelson has died.

My memories of Victor are mainly from my childhood at Fiske & Co’s old summer parties on the Pavilion Terrace at the Palace of Westminster. He was one of my father’s Cambridge friends and you always could find him chatting, cigarette balanced delicately between upturned fingers (with a portable solid gold ashtray in the other hand), staring down at waters of The Thames, his words drifting between subjects with his friends, medicine or the sea with our GP Sir Nigel Southward (then Apothecary to the Royal Household and later Vice Commodore of the Royal Yacht Squadron), business or horses with Sir Martyn Arbib (then owner of both Invesco Perpetual and racehorses like Snurge who won the St Leger) or history and politics with the Marquess of Ailesbury (then a member of both the House of Lords and the board of Fiske.)

Victor’s brother Neville had been a Member of Parliament, one of the infamous Labour MPs who helped set up the Social Democratic Party, SDP, and then defected to it in 1981. Victor would always speak of his brother as “the clever one”, even though it was he had been invited back to Cambridge University to teach. Older than my father, he had poached him Sandelson & Co from Panmure’s (with David Cameron’s father Ian), until my father left for Fiske, a briefly acrimonious split which got them both in the pages of Private Eye more than once.

My fondest memory of Victor, though, is one of intellect and generosity at a dinner party of my parent’s in Eaton Square when I was twenty. I just had just begun my Philosophy, Politics and Economics (PPE) degree course at Oxford and while researching some essay or other I had come across Hugh Thomas’s 1959 book of essays The Establishment. Lord Thomas is now better known as a historian of Spain, but in those days he was a noted journalist and had coined the phrase “The Establishment” in 1954. He’d asked Victor to contribute a chapter on The City, and with characteristic wit Victor had titled it ‘The Confidence Trick.’

More than the content of the piece I remember his delight that it was still being read almost four decades later, and after I brought it up we spent a memorable evening in a discussion which began with finance, moved on to the nature of power and elites, and then and ranged everywhere from the philosophy of fin de siècle Vienna to the fate of the Jews in Europe in the 20th century – Victor was proudly a Jewish English gentleman.

Most of all from that night, I came away with a realisation that discussions of great depth could also be carried out with humour and charm if you possessed his particular lightness of touch, something I have still yet to master. This was further reinforced by my return Oxford a few days later, where I found a handwritten letter waiting at the Porter’s Lodge of my college thanking me profusely for my company at dinner and containing a book token for £100 so that I could buy at least a few of the many he had mentioned in passing. It was a gesture which I have never forgotten.

The world is less without him.

Alexander Fiske-Harrison

Bull-Running In The Land Of Buffalos

I will be talking about the encierros – the ‘bull-runs’ – of Pamplona on Classic FM South Africa at 10a.m. local time, which is 8.a.m. GMT, which gives me about ten minutes to make a coffee. For more details on the subject, read the eBook guide I edited and co-authored with contributions from everyone from the Mayor of Pamplona to John Hemingway, grandson of the great author and bulls aficionado Ernest Hemingway, The Bulls of Pamplona – click here for more details.

Alexander Fiske-Harrison

By The Sword: My Latest Column for Taki’s Magazine

Untitled

My latest contribution to my column, ‘By The Sword’, for Taki’s Magazine is out now. It concerns the current refugee crisis in Europe, but goes as far back as the Viking invasions of Britain, with reference to the epic Old English poem the Battle of Maldon, and beyond that to the Christianisation, decline and fall of the Roman Empire. It is also a paean to realpolitik and how to actually save lives, rather than make public displays of one own virtuous emotions while decrying the viciousness of others. To promote feeling above thought and then parade it in public is infantile narcissism, pure and simple.

Alexander Fiske-Harrison

King Richard III: A savage blank canvas…

As I was on holiday in France this piece was filed too late for publication in The Spectator, so I’ve posted it here – AFH

King Richard III, Duke of Gloucester, in portrait and remains...

King Richard III, Duke of Gloucester, in portrait and remains…

The only remarkable thing about Richard III is how unremarkable he was…

Watching the reburial of King Richard III, this writer was struck by how the unearthing of his bones was being sold to those who would buy it as the unearthing of the ‘truth’ about a much maligned monarch. Conversely, Shakespeare’s play of the same name was being touted as the very zenith of propaganda and the Bard of Avon himself as a sort of Goebbels with the tongue of Goethe; history’s most gifted author prostituting his talents to defame the last and most discrete of its true kings, the Plantagenets, to justify the brash and barbaric usurpers who followed, the Tudors.

Frontispage from the First Quarto

Frontispage from the First Quarto

I myself, attempting to judge events in the context of the time, take the view that the Duke of Gloucester – the name by which he was most commonly known, having held the title from age 9 – was nothing more than a minor product of those crude times whose only notability lay in providing inspiration for one of our greatest artist’s first decent works and through that stabilising a nation that had suffered two generations of civil war. In death and dramatic ignominy Gloucester achieved more for his country than his rather prosaic savagery did in life.

The first point to be made is that there isn’t a historian worth the name who doesn’t hold Gloucester responsible for the death of his nephews – the 12-year-old King Edward V and his younger brother Richard, 4th Duke of York – the ‘Princes in the Tower’.

On the death of Gloucester’s eldest brother, King Edward IV, Gloucester became Lord Protector and had the princes sent to the Tower of London “for their own safety”. He then announced that young Edward V’s coronation would be delayed, and not long afterwards the children were proclaimed illegitimate due to their father’s alleged bigamy. Two weeks later – 6th July 1483 – Gloucester was crowned King of England and France (and Lord of Ireland.) The princes were neither seen nor heard from again. Continue reading

EVENING STANDARD: Clive’s 50 Not Out In The City

It makes me particularly proud to see that my father’s 50th anniversary in the City of London is makes headlines courtesy of the City Editor of the capital’s great newspaper.

Evening Standard

CLIVE’S 50 NOT OUT IN THE CITY

Anthony Hilton
26th September 2012
Clive Fiske Harrison, with his then fiancée, now wife, Barbara Gail Horne, at The May Fair Hotel in London during his first year in the City, 1963, after his return from New York

Clive Fiske Harrison, with his then fiancée – now wife – the sculptor Barbara Gail Horne, at The May Fair Hotel in London during his first year in the City, 1963, after his return from New York (Photo: family archive placed in public domain)

Today saw the annual general meeting of Fiske & Co, the stockbroker and investment bank.

It also marks the day 50 years ago when Fiske’s chairman, Clive Fiske Harrison, joined Panmure Gordon, then one of the leading brokers. A fellow junior colleague in Panmure at that time was David Mayhew. He, like Fiske Harrison, has survived the intervening years of change rather better than has Panmure. (Mayhew stood down as chairman of J. P. Morgan Cazenove at the end of last year.)

In those relaxed days, the market opened at 9.30am, the partners drank gin or whisky (starting often not much later) and the office workers beer. Hardly anybody drank wine. This was of course before the 1970s market collapse, 1980s Big Bang and 1990s explosion of regulation.

But some things haven’t changed, Fiske Harrison told his shareholders. When he started in 1962, Greek bonds traded at the equivalent of 30p in the pound!

Well done, Clive! I doubt there are many of the current City take who will match your half century.